Landec Corporation (LNDC) Earning Somewhat Positive Media Coverage, Accern Reports

Headlines about Landec Corporation (NASDAQ:LNDC) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Landec Corporation earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 46.323226781606 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of Landec Corporation (LNDC) traded up 1.15% during midday trading on Friday, reaching $13.25. The company’s stock had a trading volume of 88,569 shares. The company has a market capitalization of $364.45 million, a price-to-earnings ratio of 34.87 and a beta of 1.40. The stock has a 50 day moving average price of $13.41 and a 200-day moving average price of $13.41. Landec Corporation has a 52-week low of $11.20 and a 52-week high of $15.50.

Landec Corporation (NASDAQ:LNDC) last issued its earnings results on Tuesday, July 25th. The basic materials company reported $0.09 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.09. The firm had revenue of $127.40 million for the quarter, compared to the consensus estimate of $135.46 million. Landec Corporation had a return on equity of 4.77% and a net margin of 1.99%. The company’s revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 EPS. Equities research analysts expect that Landec Corporation will post $0.55 EPS for the current year.

Several equities research analysts have weighed in on the company. BidaskClub raised Landec Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Wedbush reaffirmed a “hold” rating on shares of Landec Corporation in a research report on Wednesday, July 26th. Zacks Investment Research lowered Landec Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, TheStreet lowered Landec Corporation from a “b” rating to a “c+” rating in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus 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.