Wall Street analysts expect Landec Co. (NASDAQ:LNDC) to announce earnings per share of $0.15 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Landec’s earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.15. Landec reported earnings per share of $0.13 in the same quarter last year, which would suggest a positive year over year growth rate of 15.4%. The company is expected to announce its next earnings results on Tuesday, April 3rd.

According to Zacks, analysts expect that Landec will report full-year earnings of $0.50 per share for the current fiscal year, with EPS estimates ranging from $0.49 to $0.52. For the next fiscal year, analysts forecast that the business will post earnings of $0.75 per share, with EPS estimates ranging from $0.70 to $0.79. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Landec.

Landec (NASDAQ:LNDC) last issued its quarterly earnings data on Wednesday, January 3rd. The basic materials company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Landec had a net margin of 1.64% and a return on equity of 3.75%. The business had revenue of $136.50 million during the quarter, compared to analyst estimates of $135.82 million. During the same period last year, the business posted $0.05 earnings per share. Landec’s quarterly revenue was up .4% compared to the same quarter last year.

Several research firms have recently issued reports on LNDC. BidaskClub upgraded shares of Landec from a “strong sell” rating to a “sell” rating in a report on Saturday. Maxim Group reiterated a “buy” rating and set a $18.00 target price on shares of Landec in a report on Wednesday, November 29th. Zacks Investment Research upgraded shares of Landec from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Sidoti began coverage on shares of Landec in a report on Wednesday, December 13th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Landec presently has an average rating of “Hold” and an average price target of $15.33.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Citigroup Inc. grew its position in Landec by 489.6% in the 2nd quarter. Citigroup Inc. now owns 9,840 shares of the basic materials company’s stock worth $146,000 after purchasing an additional 8,171 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Landec in the 3rd quarter worth approximately $141,000. Citadel Advisors LLC bought a new stake in Landec in the 3rd quarter worth approximately $188,000. Alliancebernstein L.P. bought a new stake in Landec in the 2nd quarter worth approximately $241,000. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Landec in the 3rd quarter worth approximately $241,000. Institutional investors own 94.23% of the company’s stock.

Landec (LNDC) traded up $0.70 during mid-day trading on Friday, hitting $13.40. 114,000 shares of the stock traded hands, compared to its average volume of 67,672. Landec has a 1 year low of $11.20 and a 1 year high of $14.95. The stock has a market capitalization of $368.95, a price-to-earnings ratio of 41.88 and a beta of 1.04. The company has a quick ratio of 0.93, a current ratio of 1.37 and a debt-to-equity ratio of 0.19.

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About Landec

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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Earnings History and Estimates for Landec (NASDAQ:LNDC)

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