Landec Corporation (LNDC) Given Daily Media Sentiment Score of 0.06
News coverage about Landec Corporation (NASDAQ:LNDC) has trended somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Landec Corporation earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 47.7093980262169 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Landec Corporation (NASDAQ LNDC) traded up 3.15% on Friday, hitting $13.10. The company 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 firm has a market capitalization of $363.58 million, a PE ratio of 34.47 and a beta of 1.40. The firm has a 50-day moving average price of $13.74 and a 200-day moving average price of $13.38.
Landec Corporation (NASDAQ:LNDC) last released its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $127.40 million for the quarter, compared to analyst estimates of $135.46 million. Landec Corporation had a return on equity of 4.81% and a net margin of 1.99%. Landec Corporation’s revenue was down 5.8% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share. On average, equities research analysts anticipate that Landec Corporation will post $0.55 earnings per share for the current fiscal year.
LNDC has been the subject of a number of research analyst reports. TheStreet raised Landec Corporation from a “c+” rating to a “b” rating in a report on Tuesday, April 25th. Zacks Investment Research raised Landec Corporation from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Saturday, July 1st. Wedbush reaffirmed a “hold” rating on shares of Landec Corporation in a report on Wednesday, July 26th. Finally, BidaskClub cut Landec Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, one has issued 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 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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