S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68

Landec Co. (NASDAQ:LNDC) Expected to Post Quarterly Sales of $47.04 Million

Last updated on Saturday, May 14, 2022 | 2022 MarketBeat

Brokerages expect Landec Co. (NASDAQ:LNDC - Get Rating) to announce $47.04 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Landec's earnings. The highest sales estimate is $47.30 million and the lowest is $46.78 million. Landec posted sales of $139.83 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 66.4%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Landec will report full year sales of $358.13 million for the current fiscal year. For the next fiscal year, analysts forecast that the business will report sales of $197.92 million, with estimates ranging from $194.10 million to $201.74 million. Zacks Investment Research's sales calculations are an average based on a survey of research firms that cover Landec.

Landec (NASDAQ:LNDC - Get Rating) last posted its quarterly earnings data on Tuesday, April 5th. The basic materials company reported ($0.08) EPS for the quarter. The firm had revenue of $53.07 million during the quarter, compared to analyst estimates of $48.54 million. Landec had a negative return on equity of 8.43% and a negative net margin of 14.10%.


LNDC has been the topic of several research reports. Barrington Research downgraded shares of Landec from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 6th. StockNews.com started coverage on shares of Landec in a research note on Thursday, March 31st. They set a "hold" rating for the company. Finally, Zacks Investment Research downgraded shares of Landec from a "hold" rating to a "sell" rating in a research note on Friday, April 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Landec currently has a consensus rating of "Hold" and an average price target of $12.67.

LNDC stock opened at $9.20 on Friday. The firm has a market cap of $271.24 million, a PE ratio of -4.28 and a beta of 1.18. Landec has a 1 year low of $7.65 and a 1 year high of $12.88. The company has a current ratio of 1.47, a quick ratio of 0.65 and a debt-to-equity ratio of 0.55. The company has a fifty day simple moving average of $10.52 and a 200 day simple moving average of $10.47.

A number of large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its stake in shares of Landec by 1.0% in the 1st quarter. Renaissance Technologies LLC now owns 117,900 shares of the basic materials company's stock valued at $1,365,000 after acquiring an additional 1,200 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Landec by 0.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 254,195 shares of the basic materials company's stock worth $2,822,000 after buying an additional 1,225 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Landec by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 68,190 shares of the basic materials company's stock valued at $790,000 after purchasing an additional 1,826 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in Landec by 2.7% during the first quarter. Gamco Investors INC. ET AL now owns 75,000 shares of the basic materials company's stock valued at $869,000 after purchasing an additional 2,000 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Landec by 5.9% in the third quarter. California State Teachers Retirement System now owns 38,132 shares of the basic materials company's stock worth $352,000 after buying an additional 2,137 shares in the last quarter. Institutional investors and hedge funds own 99.92% of the company's stock.

About Landec (Get Rating)

Landec Corporation, together with its subsidiaries, engages in the design, development, manufacture, and sale of 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 plant-based salads, and fresh-cut and whole processed vegetables 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 to retail grocery chains, club stores, and food service operators; and sells BreatheWay packaging products.

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Earnings History and Estimates for Landec (NASDAQ:LNDC)

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