Media headlines about Landec Corporation (NASDAQ:LNDC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Landec Corporation earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 48.3895551999809 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Landec Corporation (NASDAQ LNDC) traded up 3.15% during mid-day trading on Friday, hitting $13.10. The company’s stock had a trading volume of 88,598 shares. Landec Corporation has a 12-month low of $11.20 and a 12-month high of $15.50. The company has a market cap of $363.58 million, a PE ratio of 34.47 and a beta of 1.40. The stock has a 50-day moving average of $13.74 and a 200-day moving average of $13.38.
Landec Corporation (NASDAQ:LNDC) last released its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.09 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.09. Landec Corporation had a return on equity of 4.81% and a net margin of 1.99%. The company had revenue of $127.40 million during the quarter, compared to analysts’ expectations of $135.46 million. During the same period in the previous year, the firm posted $0.17 earnings per share. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, equities research analysts forecast that Landec Corporation will post $0.55 EPS for the current year.
LNDC has been the subject of several recent research reports. TheStreet raised Landec Corporation from a “c+” rating to a “b” rating in a research note on Tuesday, April 25th. Zacks Investment Research raised Landec Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Saturday, July 1st. Wedbush reaffirmed a “hold” rating on shares of Landec Corporation in a research note on Wednesday, July 26th. Finally, BidaskClub downgraded Landec Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $14.50.
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Landec Corporation Company Profile
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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