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. The Biomaterials segment develops, manufactures, and sells pharmaceutical-grade sodium hyaluronate (HA), a naturally occurring polysaccharide that is distributed in the extracellular matrix in animals and humans; and provides contract development, fermentation and aseptic formulation, filling, and packaging services. This segment sells its HA products to the ophthalmic, orthopedic, and oncology markets, as well as supplies HA products to customers pursuing other medical applications, such as aesthetic surgery, medical device coatings, tissue engineering, and pharmaceuticals. The company also produces special olive oils and wine vinegars to natural food, conventional grocery, and mass retail stores. Landec Corporation sells its products in the United States, Canada, Belgium, Ireland, the United Kingdom, Switzerland, Mexico, and other countries. The company was founded in 1986 and is headquartered in Santa Clara, California.
Industry, Sector and Symbol
Industry Canned fruits & specialties
Sub-IndustrySpecialty Chemicals
SectorConsumer Staples
Phone650-306-1650
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$524.23 million
Profitability
Miscellaneous
Employees710
OptionableOptionable
Landec (NASDAQ:LNDC) Frequently Asked Questions
What is Landec's stock symbol?
Landec trades on the NASDAQ under the ticker symbol "LNDC."
How were Landec's earnings last quarter?
Landec Co. (NASDAQ:LNDC) posted its earnings results on Tuesday, October, 2nd. The basic materials company reported $0.01 earnings per share (EPS) for the quarter. The basic materials company had revenue of $124.70 million for the quarter, compared to analyst estimates of $123.94 million. Landec had a net margin of 4.04% and a return on equity of 3.70%. The company's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.08 EPS. View Landec's Earnings History.
When is Landec's next earnings date?
What guidance has Landec issued on next quarter's earnings?
Landec updated its FY 2019 earnings guidance on Thursday, January, 3rd. The company provided earnings per share (EPS) guidance of $0.25-0.29 for the period, compared to the Thomson Reuters consensus estimate of $0.25. The company issued revenue guidance of $555.681-566.165 million, compared to the consensus revenue estimate of $587.54 million.Landec also updated its Q3 2019 guidance to $0.03-0.04 EPS.
What price target have analysts set for LNDC?
2 brokerages have issued 1-year price targets for Landec's stock. Their predictions range from $17.00 to $18.00. On average, they expect Landec's stock price to reach $17.50 in the next twelve months. This suggests a possible upside of 39.7% from the stock's current price. View Analyst Price Targets for Landec.
What is the consensus analysts' recommendation for Landec?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Landec in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Landec.
What are Wall Street analysts saying about Landec stock?
Here are some recent quotes from research analysts about Landec stock:
- 1. According to Zacks Investment Research, "Landec Corp. engages in designing, developing, manufacturing and selling of products for food and biomaterials markets and license technology applications. Its operating segment consists of Packaged Fresh Vegetables, Food Export and Biomaterials. Packaged Fresh Vegetables segment includes marketing and packing specialty packaged whole and fresh-cut fruit and vegetables. Food Export segment consists of sale of whole commodity fruit and vegetable product. Biomaterials segment sells products utilizing hyaluronan, a naturally occurring polysaccharide which is distributed in the extracellular matrix of connective tissues in both animals and humans. Landec Corp. is headquartered in Menlo Park, CA. " (2/13/2019)
- 2. Maxim Group analysts commented, "Market close, LNDC reported slightly lower-than-expected F2Q19 (Nov) revenue and a relatively inline GAAP loss per share. The company significantly reduced its FY19 (May) revenue and EPS guidance for the base business (ex. Yucatan Foods, acquired on 12/1/2018). The conference call is scheduled for tomorrow at 11am ET." (1/3/2019)
Has Landec been receiving favorable news coverage?
Media stories about LNDC stock have trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Landec earned a media sentiment score of 1.1 on InfoTrie's scale. They also gave news coverage about the basic materials company a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an effect on the stock's share price in the next several days.
Who are some of Landec's key competitors?
Some companies that are related to Landec include Calavo Growers (CVGW), Freshpet (FRPT), Matthews International (MATW), Mandom (MDOMF), Gannett (GCI), MGP Ingredients (MGPI), Avon Products (AVP), Chefs' Warehouse (CHEF), Schweitzer-Mauduit International (SWM), Adecoagro (AGRO), New Media Investment Group (NEWM), John B. Sanfilippo & Son (JBSS), Turning Point Brands (TPB), Cresud S.A.C.I.F. y A. (CRESY) and DAIRY CREST GRP/ADR (DRCSY).
Who are Landec's key executives?
Landec's management team includes the folowing people:
- Ms. Molly A. Hemmeter, Pres, CEO & Director (Age 52)
- Mr. Gregory S. Skinner, VP of Fin. & Admin. and CFO (Age 58)
- Mr. Steven P. Bitler, VP of Corp. Technology (Age 61)
- Mr. James G. Hall, Pres of Lifecore Biomedical (Age 56)
- Ms. Dawn Kimball, Sr. VP of HR
Who are Landec's major shareholders?
Landec's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.02%), Royce & Associates LP (4.89%), Investment Counselors of Maryland LLC (2.74%), Thomson Horstmann & Bryant Inc. (2.05%), AltraVue Capital LLC (1.21%) and Northern Trust Corp (1.17%). Company insiders that own Landec stock include Catherine A Sohn, Fred Frank, Gary T Steele, Gregory S Skinner, Molly Hemmeter, Nelson Obus, Ronald Lane Midyett, Steven D Goldby and Steven P Bitler. View Institutional Ownership Trends for Landec.
Which major investors are selling Landec stock?
LNDC stock was sold by a variety of institutional investors in the last quarter, including Algert Global LLC, Northpointe Capital LLC, Bank of New York Mellon Corp, Thomson Horstmann & Bryant Inc., Perritt Capital Management Inc., Northern Trust Corp, D. E. Shaw & Co. Inc. and North Star Investment Management Corp.. View Insider Buying and Selling for Landec.
Which major investors are buying Landec stock?
LNDC stock was purchased by a variety of institutional investors in the last quarter, including AltraVue Capital LLC, Signia Capital Management LLC, Legato Capital Management LLC, BlackRock Inc., Royce & Associates LP, Bessemer Group Inc., Investment Counselors of Maryland LLC and Martingale Asset Management L P. Company insiders that have bought Landec stock in the last two years include Catherine A Sohn, Gregory S Skinner, Nelson Obus and Steven D Goldby. View Insider Buying and Selling for Landec.
How do I buy shares of Landec?
Shares of LNDC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Landec's stock price today?
One share of LNDC stock can currently be purchased for approximately $12.53.
How big of a company is Landec?
Landec has a market capitalization of $365.50 million and generates $524.23 million in revenue each year. The basic materials company earns $24.82 million in net income (profit) each year or $0.41 on an earnings per share basis. Landec employs 710 workers across the globe.
What is Landec's official website?
How can I contact Landec?
Landec's mailing address is 5201 GREAT AMERICA PKWY SUITE 232, SANTA CLARA CA, 95054. The basic materials company can be reached via phone at 650-306-1650 or via email at [email protected]
MarketBeat Community Rating for Landec (NASDAQ LNDC)
MarketBeat's community ratings are surveys of what our community members think about Landec and other stocks. Vote "Outperform" if you believe LNDC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LNDC will underperform the S&P 500 over the long term. You may vote once every thirty days.
