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NASDAQ:LNDC - Landec Stock Price, Forecast & News

$7.85
+0.01 (+0.13 %)
(As of 03/27/2020 04:00 PM ET)
Today's Range
$7.61
Now: $7.85
$8.09
50-Day Range
$7.69
MA: $10.25
$11.68
52-Week Range
$7.53
Now: $7.85
$13.24
Volume171,503 shs
Average Volume217,150 shs
Market Capitalization$228.83 million
P/E RatioN/A
Dividend YieldN/A
Beta0.71
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.
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Industry, Sector and Symbol

Industry Canned fruits & specialties
Sub-IndustrySpecialty Chemicals
SectorConsumer Staples
Current SymbolNASDAQ:LNDC
CUSIP51476610
Phone650-306-1650

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$557.56 million
Cash Flow$0.85 per share
Book Value$9.26 per share

Profitability

Net Income$410,000.00

Miscellaneous

Employees710
Market Cap$228.83 million
Next Earnings Date3/31/2020 (Confirmed)
OptionableOptionable

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Landec (NASDAQ:LNDC) Frequently Asked Questions

How has Landec's stock been impacted by COVID-19 (Coronavirus)?

Landec's stock was trading at $9.54 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, LNDC stock has decreased by 17.7% and is now trading at $7.85. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Landec?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Landec in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Landec.

When is Landec's next earnings date?

Landec is scheduled to release its next quarterly earnings announcement on Tuesday, March 31st 2020. View our earnings forecast for Landec.

How can I listen to Landec's earnings call?

Landec will be holding an earnings conference call on Tuesday, March 31st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Landec's earnings last quarter?

Landec Co. (NASDAQ:LNDC) issued its quarterly earnings data on Thursday, January, 2nd. The basic materials company reported ($0.16) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.06) by $0.10. The basic materials company had revenue of $142.60 million for the quarter, compared to the consensus estimate of $142.53 million. Landec had a negative net margin of 1.82% and a negative return on equity of 1.78%. The firm's quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.02) EPS. View Landec's earnings history.

What guidance has Landec issued on next quarter's earnings?

Landec issued an update on its FY20 earnings guidance on Thursday, January, 2nd. The company provided earnings per share (EPS) guidance of $0.28-$0.32 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.27. The company issued revenue guidance of $602-$613 million, compared to the consensus revenue estimate of $606.28 million.

What price target have analysts set for LNDC?

5 Wall Street analysts have issued 1-year target prices for Landec's stock. Their forecasts range from $11.00 to $15.00. On average, they anticipate Landec's share price to reach $12.50 in the next year. This suggests a possible upside of 59.2% from the stock's current price. View analysts' price targets 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. " (3/28/2020)
  • 2. Maxim Group analysts commented, "Market close, LNDC reported F4Q19 (May) revenue and GAAP EPS inline with preannounced guidance. Management introduced better-than-expected FY20 revenue guidance compared to both our estimate and consensus, and GAAP EPS guidance inline with consensus and slightly above our estimate. Management also introduced F1Q20 (Aug) guidance and expects revenue to be $135M – $140M with a GAAP EPS loss of ($0.14) – ($0.16). The conference call is scheduled for tomorrow, 11am ET." (7/31/2019)

Has Landec been receiving favorable news coverage?

Media coverage about LNDC stock has been trending very negative recently, according to InfoTrie. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Landec earned a media sentiment score of -3.4 on InfoTrie's scale. They also gave news coverage about the basic materials company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutLandec.

Are investors shorting Landec?

Landec saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 1,438,700 shares, an increase of 6.6% from the February 27th total of 1,350,000 shares. Based on an average daily volume of 157,900 shares, the days-to-cover ratio is currently 9.1 days. Approximately 5.1% of the shares of the company are short sold. View Landec's Current Options Chain.

Who are some of Landec's key competitors?

What other stocks do shareholders of Landec own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Landec investors own include Honda Motor (HMC), Comerica (CMA), Albemarle (ALB), Cenovus Energy (CVE), Walt Disney (DIS), General Electric (GE), Exxon Mobil (XOM), Intel (INTC), General Mills (GIS) and Walmart (WMT).

Who are Landec's key executives?

Landec's management team includes the following people:
  • Ms. Molly A. Hemmeter, Pres, CEO & Director (Age 52)
  • Mr. Gregory S. Skinner, CFO & VP of Admin. (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

What is Landec's stock symbol?

Landec trades on the NASDAQ under the ticker symbol "LNDC."

Who are Landec's major shareholders?

Landec's stock is owned by many different retail and institutional investors. Top institutional shareholders include Russell Investments Group Ltd. (9.83%), NWQ Investment Management Company LLC (7.23%), Walthausen & Co. LLC (4.04%), Heartland Advisors Inc. (3.93%), Investment Counselors of Maryland LLC (2.92%) and State Street Corp (2.04%). Company insiders that own Landec stock include Albert D Bolles, Catherine A Sohn, Gregory S Skinner, Nelson Obus, Ronald Lane Midyett, Steven D Goldby and Timothy P Burgess. 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 NWQ Investment Management Company LLC, THB Asset Management, Royce & Associates LP, Bank of America Corp DE, John G Ullman & Associates Inc., IndexIQ Advisors LLC, Algert Global LLC, and Foundry Partners LLC. View insider buying and selling activity for Landec.

Which major investors are buying Landec stock?

LNDC stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Visionary Wealth Advisors, Harbert Fund Advisors Inc., Heartland Advisors Inc., Pacific Ridge Capital Partners LLC, Penn Capital Management Co. Inc., Boston Partners, and Goldman Sachs Group Inc.. Company insiders that have bought Landec stock in the last two years include Albert D Bolles, Catherine A Sohn, Gregory S Skinner, Nelson Obus, Steven D Goldby, and Timothy P Burgess. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Landec's stock price today?

One share of LNDC stock can currently be purchased for approximately $7.85.

How big of a company is Landec?

Landec has a market capitalization of $228.83 million and generates $557.56 million in revenue each year. The basic materials company earns $410,000.00 in net income (profit) each year or $0.32 on an earnings per share basis. Landec employs 710 workers across the globe. View additional information about Landec.

What is Landec's official website?

The official website for Landec is http://www.landec.com/.

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)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  260 (Thanks for Voting!)
Underperform Votes:  308 (Thanks for Voting!)
Total Votes:  568
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.
This page was last updated on 3/28/2020 by MarketBeat.com Staff

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