NASDAQ:LNDC - Landec Stock Price, Forecast & News

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

Landec Co. (NASDAQ:LNDC) announced its quarterly earnings data on Thursday, January, 2nd. The basic materials company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by $0.10. The basic materials company earned $142.60 million during the quarter, compared to analysts' expectations of $142.53 million. Landec had a negative net margin of 1.82% and a negative return on equity of 1.78%. The company's revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.02) EPS. 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 issued an update on its FY20 earnings guidance on Thursday, January, 2nd. The company provided EPS 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 brokerages have issued twelve-month price targets for Landec's shares. Their forecasts range from $11.00 to $17.00. On average, they expect Landec's stock price to reach $13.00 in the next twelve months. This suggests a possible upside of 11.9% 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.

News stories about LNDC stock have trended negative on Sunday, according to InfoTrie Sentiment. 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 public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Landec earned a news impact score of -2.4 on InfoTrie's scale. They also assigned news articles about the basic materials company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. 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 trading volume, of 131,100 shares, the short-interest ratio is currently 12.4 days. Currently, 5.8% of the company's shares are short sold. 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), Albemarle (ALB), RPM International (RPM), Ashland Global (ASH), NewMarket (NEU), W. R. Grace & Co (GRA), Balchem (BCPC), Quaker Chemical (KWR), PolyOne (POL), Innospec (IOSP), HB Fuller (FUL) 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 variety of of retail and institutional investors. Top institutional investors 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 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 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 $11.62.

Landec has a market capitalization of $338.72 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]