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 Ratio0.17
Current Ratio1.33
Quick Ratio0.92
Price-To-Earnings
Trailing P/E Ratio38.16
Forward P/E Ratio36.25
P/E GrowthN/A
Sales & Book Value
Annual Sales$532.26 million
Price / Sales0.75
Cash Flow$0.7813 per share
Price / Cash18.56
Book Value$8.36 per share
Price / Book1.73
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
Market Cap$398.31
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, April, 3rd. The basic materials company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The basic materials company had revenue of $149.32 million for the quarter, compared to the consensus estimate of $146.09 million. Landec had a return on equity of 3.17% and a net margin of 3.95%. Landec's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.18 earnings per share. View Landec's Earnings History.
When is Landec's next earnings date?
What price target have analysts set for LNDC?
3 brokers have issued 1-year price targets for Landec's shares. Their predictions range from $13.00 to $18.00. On average, they expect Landec's stock price to reach $15.50 in the next twelve months. This suggests a possible upside of 6.9% from the stock's current price. View Analyst Ratings 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."
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 Vina Concha y Toro (VCO), MGP Ingredients (MGPI), Scholastic (SCHL), Schweitzer-Mauduit International (SWM), Coca-Cola Bottling Co Consolidated (COKE), Simply Good Foods (SMPL), Gannett (GCI), New Media Investment Group (NEWM), Freshpet (FRPT), Adecoagro (AGRO), "Debenhams plc" (DRCSY), Dean Foods (DF), Chefs' Warehouse (CHEF), Revlon (REV) and John B. Sanfilippo & Son (JBSS).
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?
News coverage about LNDC stock has been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of news coverage by monitoring more than 20 million blog and news sources. 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 daily sentiment score of 0.06 on Accern's scale. They also gave news articles about the basic materials company an impact score of 45.86 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are Landec's major shareholders?
Landec's stock is owned by a number of of institutional and retail investors. Top institutional investors include WYNNEFIELD PARTNERS SMALL CAP VALUE LP I (9.70%), North Star Investment Management Corp. (0.49%) and National Investment Services Inc. WI (0.13%). 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 buying Landec stock?
LNDC stock was bought by a variety of institutional investors in the last quarter, including North Star Investment Management Corp. and National Investment Services Inc. WI. 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 $14.50.
How big of a company is Landec?
Landec has a market capitalization of $398.31 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 (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.
