NASDAQ:LNDC - Landec Stock Price, Forecast & News

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

Landec Co. (NASDAQ:LNDC) posted its quarterly earnings results on Thursday, January, 2nd. The basic materials company reported ($0.16) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.06) by $0.10. The basic materials company earned $142.60 million during the quarter, compared to analyst estimates of $142.53 million. Landec had a negative net margin of 1.82% and a negative return on equity of 1.78%. The business's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period last year, the company earned ($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 earnings per share estimate of $0.27. The company issued revenue guidance of $602-$613 million, compared to the consensus revenue estimate of $606.28 million.

5 Wall Street analysts have issued 12 month price objectives for Landec's stock. Their forecasts range from $11.00 to $17.00. On average, they expect Landec's share price to reach $13.00 in the next twelve months. This suggests a possible upside of 14.4% 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 coverage about LNDC stock has trended positive on Saturday, according to InfoTrie. The research group ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Landec earned a daily sentiment score of 2.3 on InfoTrie's scale. They also gave media coverage about the basic materials company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next several days. View News Stories for Landec.

Some companies that are related to Landec include Ecolab (ECL), Sherwin-Williams (SHW), Celanese (CE), International Flavors & Fragrances (IFF), RPM International (RPM), Albemarle (ALB), NewMarket (NEU), W. R. Grace & Co (GRA), Ashland Global (ASH), Balchem (BCPC), Quaker Chemical (KWR), PolyOne (POL), Sensient Technologies (SXT), Innospec (IOSP) and HB Fuller (FUL).

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), Walmart (WMT), Intel (INTC), NII (NIHD) and Advanced Accelerator Application (AAAP).

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 $11.36.

Landec has a market capitalization of $331.14 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]