Landec (NASDAQ:LNDC) issued its quarterly earnings results on Tuesday. The basic materials company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.11), Fidelity Earnings reports. Landec had a negative return on equity of 0.04% and a negative net margin of 8.85%.

Shares of LNDC stock opened at $10.95 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.48 and a current ratio of 0.89. The firm’s 50-day moving average is $11.26 and its 200-day moving average is $10.69. The stock has a market cap of $321.09 million, a price-to-earnings ratio of -6.29, a PEG ratio of 33.84 and a beta of 1.04. Landec has a 52-week low of $7.48 and a 52-week high of $12.24.

In related news, CEO Albert D. Bolles purchased 10,000 shares of the stock in a transaction on Tuesday, January 19th. The shares were purchased at an average cost of $10.98 per share, with a total value of $109,800.00. Following the acquisition, the chief executive officer now directly owns 36,152 shares in the company, valued at $396,948.96. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Nelson Obus purchased 6,400 shares of the stock in a transaction on Monday, January 11th. The stock was bought at an average cost of $10.81 per share, for a total transaction of $69,184.00. Following the completion of the acquisition, the director now owns 36,115 shares in the company, valued at $390,403.15. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 20,400 shares of company stock worth $224,844. 11.89% of the stock is owned by insiders.

Separately, Zacks Investment Research raised shares of Landec from a “sell” rating to a “hold” rating in a research report on Tuesday, March 16th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $13.25.

Landec Company Profile

Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through Curation Foods and Lifecore segments. The Curation Foods segment engages in processing, marketing, and selling of vegetable-based salads, and fresh-cut and whole vegetable products primarily under the Eat Smart brand, O branded olive oils and wine vinegars, and Yucatan and Cabo Fresh guacamole and avocado food products, as well as various private labels.

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Earnings History for Landec (NASDAQ:LNDC)

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