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.
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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