Landec (NASDAQ:LNDC) Announces Quarterly Earnings Results, Misses Expectations 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 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%.

Shares of LNDC stock opened at $10.95 on Thursday. The stock has a market cap of $321.09 million, a price-to-earnings ratio of -6.29, a PEG ratio of 33.84 and a beta of 1.04. Landec has a twelve month low of $7.48 and a twelve month high of $12.24. The company’s 50-day moving average price is $11.26 and its 200-day moving average price is $10.69. The company has a current ratio of 0.89, a quick ratio of 0.48 and a debt-to-equity ratio of 0.39.

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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $13.25.

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

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Earnings History for Landec (NASDAQ:LNDC)

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