About Landec Corporation (NASDAQ:LNDC)
Landec Corporation designs, develops, manufactures and sells a range of health and wellness products for food and biomaterials markets. The Company licenses technology applications to partners. The Company 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 fruit and vegetables, the majority of which incorporate the BreatheWay specialty packaging for the retail grocery, club store and food services industry. The Food Export segment is engaged in the purchase and sale of whole commodity fruit and vegetable products primarily to Asia. The Biomaterials segment sells products utilizing hyaluronan, a polysaccharide that is distributed in the extracellular matrix of connective tissues in both animals and humans, and non-hyaluronan (HA) products for medical use primarily in the ophthalmic, orthopedic and other markets.
Industry, Sector and Symbol:
- Sector: Consumer Staples
- Industry: Agriculture Support Services
- Sub-Industry: Specialty Chemicals
- Symbol: NASDAQ:LNDC
- CUSIP: 51476610
- Web: www.landec.com
- Market Cap: $357.59 million
- Outstanding Shares: 27,507,000
- 50 Day Moving Avg: $12.79
- 200 Day Moving Avg: $13.50
- 52 Week Range: $11.20 - $15.50
Sales & Book Value:
- Trailing P/E Ratio: 38.24
- Foreward P/E Ratio: 18.31
- P/E Growth: 2.30
- Annual Revenue: $523.22 million
- Price / Sales: 0.68
- Book Value: $8.35 per share
- Price / Book: 1.56
- EBITDA: $25.96 million
- Net Margins: 1.80%
- Return on Equity: 4.17%
- Return on Assets: 2.67%
- Debt-to-Equity Ratio: 0.19%
- Current Ratio: 1.53%
- Quick Ratio: 1.04%
- Average Volume: 63,726 shs.
- Beta: 1.29
- Short Ratio: 17.92
Frequently Asked Questions for Landec Corporation (NASDAQ:LNDC)
What is Landec Corporation's stock symbol?
Landec Corporation trades on the NASDAQ under the ticker symbol "LNDC."
How were Landec Corporation's earnings last quarter?
Landec Corporation (NASDAQ:LNDC) announced its quarterly earnings data on Tuesday, September, 26th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.02. The business had revenue of $123.40 million for the quarter, compared to analysts' expectations of $123 million. Landec Corporation had a net margin of 1.80% and a return on equity of 4.17%. The firm's quarterly revenue was down 6.8% compared to the same quarter last year. During the same period last year, the firm posted $0.12 earnings per share. View Landec Corporation's Earnings History.
When will Landec Corporation make its next earnings announcement?
What guidance has Landec Corporation issued on next quarter's earnings?
Landec Corporation updated its FY18 earnings guidance on Tuesday, September, 26th. The company provided earnings per share (EPS) guidance of $0.52-0.58 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.55. Landec Corporation also updated its Q2 guidance to $0.06-0.08 EPS.
Where is Landec Corporation's stock going? Where will Landec Corporation's stock price be in 2017?
3 brokers have issued 12 month price targets for Landec Corporation's shares. Their predictions range from $13.00 to $18.00. On average, they anticipate Landec Corporation's stock price to reach $15.50 in the next year. View Analyst Ratings for Landec Corporation.
Who are some of Landec Corporation's key competitors?
Some companies that are related to Landec Corporation include SuperValu (SVU), Amplify Snack Brands, inc. (BETR), The Chefs' Warehouse (CHEF), Smart (SFS), tronc (TRNC), Calyxt (CLXT), Omega Protein Corporation (OME), Freshpet (FRPT), Carriage Services (CSV), Craft Brew Alliance (BREW), Turning Point Brands (TPB), Limoneira Co (LMNR), Primo Water Corporation (PRMW), StoneMor Partners L.P. (STON), Amira Nature Foods Ltd (ANFI), Lifeway Foods (LWAY), Lee Enterprises, Incorporated (LEE) and A.H. Belo Corporation (AHC).
Who are Landec Corporation's key executives?
Landec Corporation's management team includes the folowing people:
- Steven D. Goldby, Independent Chairman of the Board
- Molly A. Hemmeter, President, Chief Executive Officer
- Gregory S. Skinner, Chief Financial Officer, Vice President - Finance and Administration
- James G. Hall, President of Lifecore
- Ronald Lane Midyett, Chief Operating Officer
- Steven P. Bitler Ph.D., Vice President - Corporate Technology
- Deborah B. Carosella, Director
- Albert D. Bolles Ph.D., Independent Director
- Frederick Frank, Independent Director
- Tonia Pankopf, Independent Director
How do I buy Landec Corporation stock?
Shares of Landec Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Landec Corporation's stock price today?
MarketBeat Community Rating for Landec Corporation (NASDAQ LNDC)MarketBeat's community ratings are surveys of what our community members think about Landec Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Landec Corporation stock can currently be purchased for approximately $13.00.
Consensus Ratings for Landec Corporation (NASDAQ:LNDC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 2 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.67)|
|Consensus Price Target: ||$15.50 (19.23% upside)|Consensus Price Target History for Landec Corporation (NASDAQ:LNDC)
Analysts' Ratings History for Landec Corporation (NASDAQ:LNDC)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/26/2017||Maxim Group||Reiterated Rating||Buy||$18.00||Medium|
|4/6/2017||Griffin Securities||Reiterated Rating||Buy||Low|
|2/27/2016||Roth Capital||Reiterated Rating||Buy||N/A|
|1/25/2016||Sidoti||Upgrade||Neutral -> Buy||N/A|
|12/8/2015||Feltl & Co.||Downgrade||Buy -> Hold||$15.00 -> $11.60||N/A|
Earnings History for Landec Corporation (NASDAQ:LNDC)Earnings History by Quarter for Landec Corporation (NASDAQ LNDC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|9/26/2017||Q1 2018||$0.06||$0.08||$123.00 million||$123.40 million||View||N/A|
|7/25/2017||Q4 2017||$0.09||$0.09||$135.46 million||$127.40 million||View||N/A|
|4/4/2017||Q3 2017||$0.12||$0.13||$135.86 million||$136.60 million||View||Listen|
|1/4/2017||Q2 2017||$0.06||$0.05||$139.64 million||$135.87 million||View||Listen|
|9/27/2016||Q1||$0.10||$0.12||$131.78 million||$132.39 million||View||N/A|
|7/26/2016||Q4||$0.15||$0.17||$130.02 million||$135.31 million||View||N/A|
|3/29/2016||Q316||$0.03||$0.01||$137.83 million||$130.00 million||View||N/A|
|1/5/2016||Q216||$0.06||$0.07||$141.30 million||$140.44 million||View||N/A|
|9/29/2015||Q116||$0.13||$0.11||$141.46 million||$135.36 million||View||Listen|
|7/28/2015||Q415||$0.19||$0.15||$135.14 million||$134.40 million||View||Listen|
|3/31/2015||Q315||$0.17||$0.17||$135.70 million||$138.50 million||View||Listen|
|1/6/2015||Q215||$0.12||$0.12||$130.71 million||$132.67 million||View||Listen|
|10/7/2014||Q115||$0.09||$0.09||$120.96 million||$133.61 million||View||N/A|
|7/29/2014||Q414||$0.18||$0.17||$112.60 million||$120.90 million||View||N/A|
|3/25/2014||Q314||$0.22||$0.24||$124.90 million||$126.00 million||View||N/A|
|1/2/2014||Q2||$0.13||$0.13||$124.23 million||$120.00 million||View||N/A|
|9/24/2013||Q114||$0.23||$0.18||$108.62 million||$109.50 million||View||N/A|
|7/31/2013||Q4 2013||$0.16||$0.17||$103.39 million||$107.11 million||View||N/A|
|3/26/2013||Q3 2013||$0.17||$0.18||$109.50 million||$117.90 million||View||N/A|
|1/2/2013||Q2 2013||$0.16||$0.34||$102.69 million||$114.70 million||View||N/A|
|9/26/2012||Q113||$0.08||$0.10||$91.77 million||$102.10 million||View||N/A|
Earnings Estimates for Landec Corporation (NASDAQ:LNDC)
2017 EPS Consensus Estimate: $0.53
2018 EPS Consensus Estimate: $0.66
2019 EPS Consensus Estimate: $0.67
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Landec Corporation (NASDAQ:LNDC)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Landec Corporation (NASDAQ:LNDC)
Insider Ownership Percentage: 4.62%Insider Trades by Quarter for Landec Corporation (NASDAQ:LNDC)
Institutional Ownership Percentage: 92.18%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/10/2017||Gary T Steele||Director||Sell||26,708||$14.00||$373,912.00|| |
|4/11/2017||Fred Frank||Director||Sell||3,025||$14.00||$42,350.00|| |
|4/11/2017||Ronald Lane Midyett||COO||Sell||20,000||$13.76||$275,200.00|| |
|4/7/2017||Steven P Bitler||VP||Sell||8,000||$13.58||$108,640.00|| |
|2/2/2017||Steven P Bitler||VP||Sell||2,574||$12.26||$31,557.24|| |
|1/31/2017||Larry D. Hiebert||Insider||Sell||11,704||$12.59||$147,353.36|| |
|11/11/2016||Gregory S Skinner||VP||Sell||50,000||$13.99||$699,500.00|| |
|8/11/2016||Gary T Steele||Director||Sell||34,484||$12.47||$430,015.48|| |
|8/5/2016||Ronald Lane Midyett||COO||Sell||7,000||$12.02||$84,140.00|| |
|2/4/2016||Fred Frank||Director||Sell||4,573||$12.00||$54,876.00|| |
|2/1/2016||Fred Frank||Director||Sell||5,627||$12.00||$67,524.00|| |
|4/8/2015||Fred Frank||Director||Sell||20,000||$14.71||$294,200.00|| |
|8/15/2014||Fred Frank||Director||Sell||88,464||$12.10||$1,070,414.40|| |
|8/12/2014||Fred Frank||Director||Sell||52,117||$12.18||$634,785.06|| |
|8/7/2014||Fred Frank||Director||Sell||20,551||$12.19||$250,516.69|| |
|5/7/2014||Ronald Lane Midyett||EVP||Sell||6,000||$11.59||$69,540.00|| |
|5/6/2014||Nicholas Tompkins||Director||Sell||10,000||$11.51||$115,100.00|| |
|4/29/2014||Fred Frank||Director||Sell||25,741||$12.06||$310,436.46|| |
|4/8/2014||Molly Hemmeter||COO||Sell||6,972||$11.50||$80,178.00|| |
|10/10/2013||Duke Bristow||Director||Sell||4,271||$11.75||$50,184.25|| |
Headline Trends for Landec Corporation (NASDAQ:LNDC)
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Landec Corporation (LNDC) Chart for Sunday, October, 22, 2017