Landec (NASDAQ:LNDC) issued an update on its FY 2020 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.28-0.32 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.30. The company issued revenue guidance of $602.16372-613.3149 million, compared to the consensus revenue estimate of $604.09 million.Landec also updated its Q1 2020 guidance to $-0.16–0.14 EPS.

Shares of NASDAQ:LNDC traded up $0.21 during trading on Tuesday, reaching $10.83. 116,131 shares of the company’s stock traded hands, compared to its average volume of 134,512. Landec has a fifty-two week low of $9.02 and a fifty-two week high of $15.57. The company has a current ratio of 0.96, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The stock has a market cap of $311.09 million, a price-to-earnings ratio of 26.41 and a beta of 0.76. The stock has a 50-day simple moving average of $10.04.

LNDC has been the topic of several research analyst reports. BidaskClub cut Vertex Pharmaceuticals from a buy rating to a hold rating in a report on Tuesday, July 9th. Roth Capital lifted their price objective on Dmc Global from $50.00 to $70.00 and gave the stock a buy rating in a report on Monday, April 8th. Lake Street Capital lowered their price objective on Landec from $16.00 to $12.00 and set a buy rating on the stock in a report on Thursday, May 23rd. Zacks Investment Research cut Eisai from a strong-buy rating to a hold rating in a report on Wednesday, July 24th. Finally, Maxim Group reiterated a buy rating and issued a $17.00 price objective on shares of Landec in a report on Wednesday, July 3rd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $13.67.

About Landec

Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through two segments, Packaged Fresh Vegetables and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruits and vegetables utilizing the BreatheWay specialty packaging technology for the retail grocery, club store, and food service industries under the Eat Smart and GreenLine brands, as well as private label brands; and sells BreatheWay packaging technology to partners for fruit and vegetable products.

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