NASDAQ:LNDC - Landec Stock Price, Forecast & News

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

Landec Co. (NASDAQ:LNDC) released its quarterly earnings results on Thursday, January, 2nd. The basic materials company reported ($0.16) EPS for the quarter, missing the Zacks' consensus estimate of ($0.06) by $0.10. The basic materials company earned $142.60 million during the quarter, compared to analyst estimates of $142.53 million. Landec had a negative net margin of 1.82% and a negative return on equity of 1.78%. Landec's quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.02) earnings per share. View Landec's Earnings History.

Landec is scheduled to release their next quarterly earnings announcement on Wednesday, April 1st 2020. View Earnings Estimates for Landec.

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

5 brokers have issued 1 year price objectives for Landec's stock. Their forecasts range from $11.00 to $17.00. On average, they anticipate Landec's stock price to reach $13.00 in the next twelve months. This suggests a possible upside of 12.1% from the stock's current price. View Analyst Price Targets for 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.

Press coverage about LNDC stock has been trending extremely negative this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Landec earned a media sentiment score of -5.0 on InfoTrie's scale. They also gave media headlines about the basic materials company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Landec.

Landec saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,630,000 shares, an increase of 35.8% from the January 15th total of 1,200,000 shares. Based on an average daily volume of 131,100 shares, the days-to-cover ratio is currently 12.4 days. Approximately 5.8% of the shares of the stock are sold short. View Landec's Current Options Chain.

Some companies that are related to Landec include Ecolab (ECL), Sherwin-Williams (SHW), International Flavors & Fragrances (IFF), Celanese (CE), RPM International (RPM), Albemarle (ALB), Ashland Global (ASH), NewMarket (NEU), W. R. Grace & Co (GRA), Balchem (BCPC), Quaker Chemical (KWR), Innospec (IOSP), HB Fuller (FUL), PolyOne (POL) and Sensient Technologies (SXT).

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).

Landec's stock is owned by a number of of 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.

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 for Landec.

LNDC stock was acquired 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 for 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.

One share of LNDC stock can currently be purchased for approximately $11.60.

Landec has a market capitalization of $338.14 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.

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

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]