Landec (NASDAQ:LNDC) posted its quarterly 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%.
NASDAQ:LNDC opened at $10.95 on Thursday. Landec has a 52 week low of $7.48 and a 52 week high of $12.24. The firm has a 50-day moving average price of $11.26 and a two-hundred day moving average price of $10.69. The firm has a market cap of $321.09 million, a price-to-earnings ratio of -6.29, a price-to-earnings-growth 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.
Separately, Zacks Investment Research raised Landec from a “sell” rating to a “hold” rating in a research report on Tuesday, March 16th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Landec currently has a consensus rating of “Buy” and an average target price of $13.25.
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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