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
EmployeesN/A
Next Earnings Date7/30/2019 (Estimated)
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) announced its earnings results on Wednesday, April, 3rd. The basic materials company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. The basic materials company earned $155.69 million during the quarter, compared to analysts' expectations of $156.47 million. Landec had a net margin of 1.24% and a return on equity of 3.12%. The business's revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 earnings per share. 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 fourth quarter earnings guidance on Wednesday, April, 3rd. The company provided earnings per share (EPS) guidance of $0.12-0.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.22. The company issued revenue guidance of $150-153 million, compared to the consensus revenue estimate of $154.00 million.Landec also updated its FY 2019 guidance to $0.15-0.18 EPS.
What price target have analysts set for LNDC?
2 Wall Street analysts have issued 1-year price targets for Landec's shares. Their forecasts range from $12.00 to $17.00. On average, they expect Landec's share price to reach $14.50 in the next year. This suggests a possible upside of 39.0% 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 1 hold rating and 1 buy rating 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. " (4/20/2019)
- 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?
Press coverage about LNDC stock has been trending somewhat positive on Wednesday, according to InfoTrie. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog 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 news sentiment score of 1.6 on InfoTrie's scale. They also gave media stories about the basic materials company a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the stock's share price in the next few days.
Who are some of Landec's key competitors?
Some companies that are related to Landec include Avon Products (AVP), Schweitzer-Mauduit International (SWM), Gannett (GCI), Revlon (REV), DAIRY CREST GRP/ADR (DRCSY), Chefs' Warehouse (CHEF), Turning Point Brands (TPB), Adecoagro (AGRO), John B. Sanfilippo & Son (JBSS), e.l.f. Beauty (ELF), New Media Investment Group (NEWM), United Natural Foods (UNFI), Primo Water (PRMW), Calyxt (CLXT) and Cresud S.A.C.I.F. y A. (CRESY).
What other stocks do shareholders of Landec own?
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, 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
Who are Landec's major shareholders?
Landec's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Foundry Partners LLC (0.80%), Legato Capital Management LLC (0.60%), North Star Investment Management Corp. (0.50%) and Chartwell Investment Partners LLC (0.40%). Company insiders that own Landec stock include Catherine A Sohn, Gary T Steele, Gregory S Skinner, Molly Hemmeter, Nelson Obus, Ronald Lane Midyett and Steven D Goldby. View Institutional Ownership Trends for Landec.
Which major investors are selling Landec stock?
Which major investors are buying Landec stock?
LNDC stock was purchased by a variety of institutional investors in the last quarter, including Legato Capital Management LLC, North Star Investment Management Corp. and Chartwell Investment Partners LLC. 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 $10.43.
How big of a company is Landec?
Landec has a market capitalization of $304.38 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.
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.
