Landec Corporation (NASDAQ:LNDC) – Research analysts at Wedbush decreased their Q2 2018 earnings per share estimates for shares of Landec Corporation in a report issued on Thursday. Wedbush analyst C. Radke now forecasts that the basic materials company will post earnings per share of $0.07 for the quarter, down from their previous forecast of $0.10. Wedbush currently has a “Hold” rating and a $13.00 target price on the stock. Wedbush also issued estimates for Landec Corporation’s Q4 2018 earnings at $0.15 EPS, Q1 2019 earnings at $0.11 EPS, Q3 2019 earnings at $0.29 EPS, Q4 2019 earnings at $0.15 EPS and FY2019 earnings at $0.67 EPS.

LNDC has been the topic of several other reports. Zacks Investment Research upgraded Landec Corporation from a “sell” rating to a “hold” rating and set a $15.00 price target on the stock in a research report on Wednesday, September 27th. Maxim Group reissued a “buy” rating and issued a $18.00 price objective on shares of Landec Corporation in a research note on Tuesday, September 26th. BidaskClub raised Landec Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Finally, TheStreet cut Landec Corporation from a “b” rating to a “c+” rating in a report on Monday, July 31st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Landec Corporation presently has an average rating of “Hold” and an average target price of $15.33.

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Landec Corporation (LNDC) traded up 0.78% on Monday, reaching $13.00. 7,725 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $12.83 and a 200-day moving average of $13.42. The firm has a market capitalization of $357.58 million, a price-to-earnings ratio of 34.21 and a beta of 1.29. Landec Corporation has a 12 month low of $11.20 and a 12 month high of $15.50.

Landec Corporation (NASDAQ:LNDC) last released its quarterly earnings data on Tuesday, September 26th. The basic materials company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. The business had revenue of $123.40 million for the quarter, compared to analysts’ expectations of $123.00 million. Landec Corporation had a net margin of 1.80% and a return on equity of 4.17%. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 EPS.

Several institutional investors have recently modified their holdings of LNDC. Dimensional Fund Advisors LP raised its position in Landec Corporation by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,297,667 shares of the basic materials company’s stock worth $34,120,000 after purchasing an additional 7,276 shares during the last quarter. Vanguard Group Inc. boosted its position in Landec Corporation by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,293,566 shares of the basic materials company’s stock valued at $19,209,000 after buying an additional 38,572 shares during the last quarter. Royce & Associates LP boosted its position in Landec Corporation by 17.0% in the 2nd quarter. Royce & Associates LP now owns 1,214,136 shares of the basic materials company’s stock valued at $18,030,000 after buying an additional 176,629 shares during the last quarter. State Street Corp boosted its position in Landec Corporation by 8.2% in the 2nd quarter. State Street Corp now owns 490,593 shares of the basic materials company’s stock valued at $7,287,000 after buying an additional 37,247 shares during the last quarter. Finally, Foundry Partners LLC boosted its position in Landec Corporation by 0.8% in the 2nd quarter. Foundry Partners LLC now owns 412,990 shares of the basic materials company’s stock valued at $6,133,000 after buying an additional 3,275 shares during the last quarter. 92.07% of the stock is owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for Landec Corporation (NASDAQ:LNDC)

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