About Landec (NASDAQ:LNDC)
Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through three segments: Packaged Fresh Vegetables, Food Export, 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 Food Export segment purchases and sells whole commodity fruit and vegetable products primarily to Asian markets. The Biomaterials segment sells products utilizing sodium hyaluronate (HA), a naturally occurring polysaccharide that is distributed in the extracellular matrix of connective tissues in animals and humans, and non-HA products for medical use primarily in the ophthalmic, orthopedic, and other markets, as well as supplies HA to customers pursuing other medical applications, such as aesthetic surgery, medical device coatings, tissue engineering, and pharmaceuticals. It also operates as a contract development and manufacturing organization, which specializes in fermentation and aseptic formulation, filling, and packaging services. The company also researches, develops, and licenses Landec's Intelimer polymers for agricultural products, personal care products, and other industrial products. Landec Corporation sells its products in the United States, Canada, Taiwan, Belgium, China, Indonesia, Japan, and other countries. The company was founded in 1986 and is headquartered in Menlo Park, California.
Industry, Sector and Symbol
Industry Canned fruits & specialties
Sub-IndustrySpecialty Chemicals
SectorConsumer Staples
SymbolNASDAQ:LNDC
CUSIP51476610
Phone650-306-1650
Debt
Debt-to-Equity Ratio0.17
Current Ratio1.33
Quick Ratio0.92
Price-To-Earnings
Trailing P/E Ratio37.11
Forward P/E Ratio35.25
P/E GrowthN/A
Sales & Book Value
Annual Sales$532.26 million
Price / Sales0.73
Cash Flow$0.7676 per share
Price / Cash18.37
Book Value$8.36 per share
Price / Book1.69
Profitability
EPS (Most Recent Fiscal Year)$0.38
Net Income$10.59 million
Net Margins3.95%
Return on Equity3.17%
Return on Assets2.01%
Miscellaneous
Employees670
Outstanding Shares27,560,000
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, April, 3rd. The basic materials company reported $0.09 earnings per share for the quarter, hitting analysts' consensus estimates of $0.09. The basic materials company had revenue of $149.32 million for the quarter, compared to analyst estimates of $146.09 million. Landec had a return on equity of 3.17% and a net margin of 3.95%. The firm's revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 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 fourth quarter earnings guidance on Tuesday, April, 3rd. The company provided earnings per share guidance of $0.22-0.23 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.23. The company issued revenue guidance of +13-16%, compared to the consensus revenue estimate of $137.32 million.
What price target have analysts set for LNDC?
3 equities research analysts have issued twelve-month price targets for Landec's stock. Their predictions range from $13.00 to $18.00. On average, they anticipate Landec's stock price to reach $15.50 in the next year. 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. " (5/31/2018)
- 2. Maxim Group analysts commented, "F3Q18 (Feb) total revenue of $149.3M, up 9.3% y/y, was above both our estimate of $146.3M and consensus of $146.0M. This includes $144.9M from the continuing business, up 12.1% y/y, and $4.4M from Apio Export. GAAP EPS of $0.58 was above both our estimate of $0.56 and consensus of $0.32. Excluding a $0.49 per share one-time tax benefit, operating EPS was $0.09, inline with both our estimate and consensus. F4Q18 (May) revenue guidance of $137.0M-$140.7M is above our estimate of $136.6M and brackets consensus of $139.2M. The conference call is tomorrow at 11am ET." (4/3/2018)
Who are some of Landec's key competitors?
Some companies that are related to Landec include Schweitzer-Mauduit International (SWM), Coca-Cola Bottling Co Consolidated (COKE), Gannett (GCI), New Media Investment Group (NEWM), Revlon (REV), Adecoagro (AGRO), Simply Good Foods (SMPL), e.l.f. Beauty (ELF), Dean Foods (DF), Freshpet (FRPT), Cresud S.A.C.I.F. y A. (CRESY), John B. Sanfilippo & Son (JBSS), Chefs' Warehouse (CHEF), Supervalu (SVU) and SunOpta (STKL).
Who are Landec's key executives?
Landec's management team includes the folowing people:
- Ms. Molly A. Hemmeter, Pres, CEO & Director (Age 51)
- Mr. Gregory S. Skinner, VP of Fin. & Admin. and CFO (Age 57)
- Mr. Ronald Lane Midyett, Chief Operating Officer (Age 52)
- Dr. Steven P. Bitler Ph.D., VP of Corp. Technology (Age 60)
- Mr. Geoffrey P. Leonard, Sec.
Has Landec been receiving favorable news coverage?
News coverage about LNDC stock has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Landec earned a coverage optimism score of 0.13 on Accern's scale. They also gave news coverage about the basic materials company an impact score of 46.85 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.
Who are Landec's major shareholders?
Landec's stock is owned by many different of institutional and retail investors. Top institutional shareholders include WYNNEFIELD PARTNERS SMALL CAP VALUE LP I (9.70%), Dimensional Fund Advisors LP (8.45%), BlackRock Inc. (6.74%), Heartland Advisors Inc. (2.96%), Russell Investments Group Ltd. (2.91%) and Royal Bank of Canada (2.76%). Company insiders that own Landec stock include Fred Frank, Gary T Steele, Gregory S Skinner, Larry D Hiebert, Molly Hemmeter, Ronald Lane Midyett 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 Granite Investment Partners LLC, Heartland Advisors Inc., BlackRock Inc., Royal Bank of Canada and Thomson Horstmann & Bryant Inc.. Company insiders that have sold Landec company stock in the last year include Molly Hemmeter and Ronald Lane Midyett. View Insider Buying and Selling 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., Algert Global LLC, Boston Partners, Acuitas Investments LLC, California Public Employees Retirement System, Buckhead Capital Management LLC, Wells Fargo & Company MN and Dimensional Fund Advisors LP. 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 $14.10.
How big of a company is Landec?
Landec has a market capitalization of $394.17 million and generates $532.26 million in revenue each year. The basic materials company earns $10.59 million in net income (profit) each year or $0.38 on an earnings per share basis. Landec employs 670 workers across the globe.
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 (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.
