Somewhat Positive Press Coverage Somewhat Unlikely to Impact Landec (LNDC) Share Price
Media stories about Landec (NASDAQ:LNDC) have been trending somewhat positive on Sunday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog 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 daily sentiment score of 0.02 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 46.003347845478 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of brokerages have weighed in on LNDC. Zacks Investment Research downgraded Landec from a “hold” rating to a “sell” rating in a research report on Saturday. Maxim Group reissued a “buy” rating and set a $18.00 price target on shares of Landec in a research report on Wednesday, November 29th. Sidoti began coverage on Landec in a research report on Wednesday, December 13th. They set a “buy” rating on the stock. Wedbush reissued a “hold” rating and set a $13.00 price target on shares of Landec in a research report on Thursday, September 28th. Finally, BidaskClub downgraded Landec from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 5th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $15.33.
Landec (NASDAQ:LNDC) opened at $12.25 on Friday. Landec has a 12-month low of $11.20 and a 12-month high of $14.95. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.53 and a quick ratio of 1.04. The company has a market capitalization of $331.54, a P/E ratio of 36.03 and a beta of 1.22.
Landec (NASDAQ:LNDC) last posted its earnings results on Tuesday, September 26th. The basic materials company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. Landec had a return on equity of 4.17% and a net margin of 1.80%. The company had revenue of $123.40 million for the quarter, compared to the consensus estimate of $123.00 million. During the same quarter in the prior year, the business earned $0.12 earnings per share. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. sell-side analysts expect that Landec will post 0.51 EPS for the current fiscal year.
In other news, CEO Molly Hemmeter sold 7,399 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $13.06, for a total value of $96,630.94. Following the transaction, the chief executive officer now owns 53,017 shares of the company’s stock, valued at $692,402.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.62% of the stock is currently owned by corporate insiders.
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.
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