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
Stock Exchange NASDAQ
Industry Canned fruits & specialties
Sub-IndustrySpecialty Chemicals
SectorConsumer Staples
SymbolNASDAQ:LNDC
CUSIP51476610
Phone650-306-1650
Debt
Debt-to-Equity Ratio0.16
Current Ratio1.10
Quick Ratio0.74
Price-To-Earnings
Trailing P/E Ratio32.80
Forward P/E Ratio30.57
P/E GrowthN/A
Sales & Book Value
Annual Sales$524.23 million
Price / Sales0.71
Cash Flow$0.8711 per share
Price / Cash15.44
Book Value$9.16 per share
Price / Book1.47
Profitability
EPS (Most Recent Fiscal Year)$0.41
Net Income$24.82 million
Net Margins4.51%
Return on Equity4.85%
Return on Assets3.05%
Miscellaneous
Employees670
Outstanding Shares27,740,000
Market Cap$370.27 million
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 quarterly earnings data on Tuesday, July, 31st. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.22 by $0.02. The basic materials company had revenue of $141.10 million for the quarter, compared to analysts' expectations of $138.61 million. Landec had a return on equity of 4.85% and a net margin of 4.51%. Landec's revenue was up 16.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 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 FY19 earnings guidance on Tuesday, July, 31st. The company provided earnings per share guidance of $0.45-0.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.53. The company issued revenue guidance of $550-560 million, compared to the consensus revenue estimate of $545.94 million.Landec also updated its Q1 guidance to breakeven-$0.01 EPS.
What price target have analysts set for LNDC?
3 equities research analysts have issued 12-month price objectives for Landec's stock. Their forecasts range from $13.00 to $18.00. On average, they expect Landec's share price to reach $15.50 in the next twelve months. This suggests a possible upside of 15.2% from the stock's current price. View Analyst Price Targets for Landec.
What is the consensus analysts' recommendation for Landec?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Landec in the last year. There are currently 1 hold rating and 2 buy ratings 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. Maxim Group analysts commented, "Yesterday, after the Market close, LNDC reported F4Q18 (May) results, including slightly better-than-expected revenue and inline GAAP EPS. FY19 (May) guidance included better-than-expected revenue, but lower-than- expected GAAP EPS. LNDC announced that its New Venture Group (NVG) is launching the Now Planting brand, which will focus on plant-based meal solutions starting with the launch of fresh soup in F2Q19 (Nov). The conference call is today at 11am ET." (8/1/2018)
- 2. 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)
Who are some of Landec's key competitors?
Some companies that are related to Landec include Scholastic (SCHL), Universal (UVV), MGP Ingredients (MGPI), Simply Good Foods (SMPL), Supervalu (SVU), Schweitzer-Mauduit International (SWM), Freshpet (FRPT), Gannett (GCI), Adecoagro (AGRO), DAIRY CREST Grp/ADR (DRCSY), New Media Investment Group (NEWM), Revlon (REV), John B. Sanfilippo & Son (JBSS), Chefs' Warehouse (CHEF) and Avon Products (AVP).
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, CFO and VP of Fincance & Admin. (Age 57)
- Dr. Steven P. Bitler Ph.D., VP of Corp. Technology (Age 60)
- Mr. Geoffrey P. Leonard, Sec.
- Mr. James G. Hall, VP (Age 55)
Has Landec been receiving favorable news coverage?
Media stories about LNDC stock have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Landec earned a news impact score of 0.23 on Accern's scale. They also assigned news articles about the basic materials company an impact score of 46.47 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days. View Recent Headlines for Landec.
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 (8.40%), BlackRock Inc. (7.08%), Royce & Associates LP (4.62%), Investment Counselors of Maryland LLC (2.16%) and John G Ullman & Associates Inc. (1.26%). 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 Russell Investments Group Ltd., Boston Partners, Ariel Investments LLC, Dimensional Fund Advisors LP, Bank of America Corp DE and John G Ullman & Associates 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 acquired by a variety of institutional investors in the last quarter, including Investment Counselors of Maryland LLC, Northpointe Capital LLC, North Star Investment Management Corp., BlackRock Inc., Algert Global LLC, Acuitas Investments LLC, Royce & Associates LP and Martingale Asset Management L P. 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 $13.45.
How big of a company is Landec?
Landec has a market capitalization of $370.27 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. 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 (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.
