Limoneira (NASDAQ:LMNR) posted its quarterly earnings data on Monday. The company reported ($0.09) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.02, Fidelity Earnings reports. Limoneira had a net margin of 4.91% and a return on equity of 3.73%. The company had revenue of $42.04 million for the quarter, compared to analyst estimates of $43.54 million. Limoneira updated its FY 2019 guidance to $0.25-0.45 EPS.
NASDAQ LMNR traded up $0.32 on Tuesday, hitting $19.47. 54,005 shares of the company were exchanged, compared to its average volume of 80,702. The firm has a market cap of $336.79 million, a PE ratio of 38.94, a P/E/G ratio of 2.24 and a beta of 1.07. Limoneira has a 12 month low of $18.07 and a 12 month high of $33.42. The company has a quick ratio of 1.28, a current ratio of 1.38 and a debt-to-equity ratio of 0.44.
In other Limoneira news, Director Robert M. Sawyer sold 1,250 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $24.28, for a total transaction of $30,350.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John W.H. Merriman sold 1,811 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $24.09, for a total transaction of $43,626.99. Following the transaction, the director now owns 2,011 shares in the company, valued at approximately $48,444.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,672 shares of company stock worth $179,285. 4.50% of the stock is owned by insiders.
Several research analysts recently issued reports on LMNR shares. BidaskClub raised shares of Limoneira from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 8th. Zacks Investment Research lowered shares of Limoneira from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. ValuEngine raised shares of Limoneira from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Stephens lowered shares of Limoneira from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $25.00 to $18.00 in a research note on Tuesday, May 14th. Finally, Lake Street Capital set a $28.00 target price on shares of Limoneira and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.20.
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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.
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