Media stories about Landec Corporation (NASDAQ:LNDC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Landec Corporation earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 91 out of 100, meaning that recent press coverage is extremely likely to have an impact on the company’s share price in the near future.
Shares of Landec Corporation (LNDC) remained flat at $12.60 during midday trading on Wednesday. The stock had a trading volume of 53,973 shares. Landec Corporation has a 12-month low of $11.20 and a 12-month high of $15.50. The company’s 50-day moving average price is $13.96 and its 200-day moving average price is $13.37. The company has a market capitalization of $349.70 million, a price-to-earnings ratio of 33.16 and a beta of 1.40.
Landec Corporation (NASDAQ:LNDC) last posted its earnings results on Tuesday, July 25th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. Landec Corporation had a return on equity of 4.81% and a net margin of 1.99%. The firm 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 earned $0.17 earnings per share. The company’s revenue was down 5.8% on a year-over-year basis. On average, equities analysts forecast that Landec Corporation will post $0.55 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on the company. BidaskClub lowered Landec Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered Landec Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. TheStreet lowered Landec Corporation from a “b” rating to a “c+” rating in a research report on Monday, July 31st. Finally, Wedbush reiterated a “hold” rating on shares of Landec Corporation in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, one has assigned 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 price target 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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