Landec (NASDAQ:LNDC) Posts Quarterly Earnings Results, Misses Estimates By $0.11 EPS

Landec (NASDAQ:LNDC) issued its earnings results on Tuesday. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.11), Fidelity Earnings reports. Landec had a negative return on equity of 0.04% and a negative net margin of 8.85%.

LNDC stock opened at $10.95 on Thursday. The firm has a market cap of $321.09 million, a PE ratio of -6.29, a P/E/G ratio of 33.84 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.48 and a current ratio of 0.89. The firm’s fifty day moving average is $11.26 and its 200 day moving average is $10.69. Landec has a one year low of $7.48 and a one year high of $12.24.

Separately, Zacks Investment Research upgraded shares of Landec from a “sell” rating to a “hold” rating in a research report on Tuesday, March 16th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $13.25.

In related news, CEO Albert D. Bolles bought 10,000 shares of the company’s stock in a transaction dated Tuesday, January 19th. The shares were acquired at an average price of $10.98 per share, for a total transaction of $109,800.00. Following the completion of the transaction, the chief executive officer now directly owns 36,152 shares in the company, valued at $396,948.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Nelson Obus bought 6,400 shares of the company’s stock in a transaction dated Monday, January 11th. The stock was bought at an average price of $10.81 per share, for a total transaction of $69,184.00. Following the transaction, the director now owns 36,115 shares of the company’s stock, valued at $390,403.15. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 20,400 shares of company stock worth $224,844. 11.89% of the stock is owned by company insiders.

Landec Company Profile

Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through Curation Foods and Lifecore segments. The Curation Foods segment engages in processing, marketing, and selling of vegetable-based salads, and fresh-cut and whole vegetable products primarily under the Eat Smart brand, O branded olive oils and wine vinegars, and Yucatan and Cabo Fresh guacamole and avocado food products, as well as various private labels.

Further Reading: Momentum Indicators

Earnings History for Landec (NASDAQ:LNDC)

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