Limoneira (NASDAQ:LMNR) Releases Earnings Results, Beats Expectations By $0.02 EPS

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.



An institutional investor recently raised its position in Limoneira stock. Geode Capital Management LLC boosted its holdings in shares of Limoneira (NASDAQ:LMNR) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 161,903 shares of the company’s stock after buying an additional 11,996 shares during the period. Geode Capital Management LLC owned approximately 0.91% of Limoneira worth $3,165,000 as of its most recent SEC filing. 54.06% of the stock is owned by institutional investors and hedge funds.

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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Earnings History for Limoneira (NASDAQ:LMNR)

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