Landec Corporation (NASDAQ:LNDC) – Equities research analysts at Griffin Securities dropped their Q1 2018 earnings per share estimates for Landec Corporation in a research note issued on Thursday. Griffin Securities analyst M. Ajzenman now forecasts that the basic materials company will post earnings of $0.05 per share for the quarter, down from their prior forecast of $0.17. Griffin Securities currently has a “Buy” rating on the stock. Griffin Securities also issued estimates for Landec Corporation’s FY2018 earnings at $0.55 EPS.
Landec Corporation (NASDAQ:LNDC) last announced its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.09. Landec Corporation had a return on equity of 4.81% and a net margin of 1.99%. The company had revenue of $127.40 million during the quarter, compared to the consensus estimate of $135.46 million. During the same period in the previous year, the company posted $0.17 earnings per share. Landec Corporation’s revenue for the quarter was down 5.8% on a year-over-year basis. WARNING: This article was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://www.com-unik.info/2017/08/19/q1-2018-eps-estimates-for-landec-corporation-lndc-lowered-by-griffin-securities-updated-updated.html.
Other research analysts also recently issued reports about the company. BidaskClub downgraded Landec Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research downgraded Landec Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. Wedbush reiterated a “hold” rating on shares of Landec Corporation in a research note on Wednesday, July 26th. Finally, TheStreet upgraded Landec Corporation from a “c+” rating to a “b” rating in a research note on Tuesday, April 25th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. Landec Corporation has a consensus rating of “Hold” and a consensus target price of $14.50.
Shares of Landec Corporation (LNDC) traded up 0.81% on Monday, reaching $12.40. The company’s stock had a trading volume of 31,803 shares. The company has a market capitalization of $344.15 million, a price-to-earnings ratio of 32.63 and a beta of 1.43. The stock has a 50-day moving average price of $14.16 and a 200-day moving average price of $13.39. Landec Corporation has a 1-year low of $10.86 and a 1-year high of $15.50.
In other Landec Corporation news, Director Gary T. Steele sold 26,708 shares of Landec Corporation stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $14.00, for a total value of $373,912.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 4.89% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Crestwood Advisors Group LLC increased its position in shares of Landec Corporation by 6.1% in the second quarter. Crestwood Advisors Group LLC now owns 15,588 shares of the basic materials company’s stock valued at $203,000 after buying an additional 900 shares during the period. American International Group Inc. boosted its stake in Landec Corporation by 7.2% in the first quarter. American International Group Inc. now owns 16,486 shares of the basic materials company’s stock valued at $198,000 after buying an additional 1,102 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Landec Corporation by 10.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 20,195 shares of the basic materials company’s stock valued at $279,000 after buying an additional 1,951 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Landec Corporation by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 48,065 shares of the basic materials company’s stock valued at $577,000 after buying an additional 2,311 shares in the last quarter. Finally, First Interstate Bank boosted its stake in Landec Corporation by 18.7% in the first quarter. First Interstate Bank now owns 15,460 shares of the basic materials company’s stock valued at $186,000 after buying an additional 2,435 shares in the last quarter. Institutional investors own 92.04% of the company’s stock.
Landec Corporation Company Profile
Landec Corporation designs, develops, manufactures and sells a range of health and wellness products for food and biomaterials markets. The Company licenses technology applications to partners. The Company operates through three segments: Packaged Fresh Vegetables, Food Export and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruit and vegetables, the majority of which incorporate the BreatheWay specialty packaging for the retail grocery, club store and food services industry.
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