Limoneira (NASDAQ:LMNR) Announces Earnings Results, Meets Expectations

Limoneira (NASDAQ:LMNR) issued its quarterly earnings results on Monday. The company reported ($0.24) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.24), Fidelity Earnings reports. The company had revenue of $36.48 million during the quarter, compared to the consensus estimate of $24.78 million. Limoneira had a negative return on equity of 3.97% and a negative net margin of 4.08%.

LMNR stock opened at $20.49 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.29 and a debt-to-equity ratio of 0.48. The business’s fifty day simple moving average is $19.56 and its two-hundred day simple moving average is $19.10. Limoneira has a twelve month low of $17.05 and a twelve month high of $25.65. The firm has a market cap of $325.42 million, a price-to-earnings ratio of 40.98, a PEG ratio of 2.46 and a beta of 1.05.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.30 dividend on an annualized basis and a yield of 1.46%. Limoneira’s payout ratio is 60.00%.

A number of research firms have weighed in on LMNR. BidaskClub lowered Limoneira from a “buy” rating to a “hold” rating in a research note on Saturday, December 21st. Zacks Investment Research lowered Limoneira from a “buy” rating to a “hold” rating in a research note on Wednesday, December 25th. National Securities reiterated a “buy” rating and issued a $30.00 target price on shares of Limoneira in a research note on Tuesday. Finally, ValuEngine upgraded Limoneira from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 24th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Limoneira has an average rating of “Buy” and a consensus target price of $23.75.

In other Limoneira news, CEO Harold S. Edwards sold 2,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $20.24, for a total value of $40,480.00. In the last quarter, insiders sold 3,600 shares of company stock worth $72,660. Insiders own 4.50% of the company’s stock.

Limoneira Company Profile

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates in six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons.

Read More: What Does a Sell-Side Analyst Rating Mean?

Earnings History for Limoneira (NASDAQ:LMNR)

Receive News & Ratings for Limoneira Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limoneira and related companies with's FREE daily email newsletter.