Limoneira (NASDAQ:LMNR) Announces Earnings Results, Misses Expectations By $0.21 EPS

Limoneira (NASDAQ:LMNR) posted its earnings results on Sunday. The company reported ($0.42) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.21), MarketWatch Earnings reports. Limoneira had a negative return on equity of 4.17% and a negative net margin of 7.05%.

NASDAQ LMNR traded down $1.11 during trading on Tuesday, hitting $16.00. The company had a trading volume of 5,504 shares, compared to its average volume of 48,471. The company has a current ratio of 1.78, a quick ratio of 1.58 and a debt-to-equity ratio of 0.59. Limoneira has a one year low of $10.60 and a one year high of $21.85. The company has a market cap of $285.06 million, a price-to-earnings ratio of -22.26, a price-to-earnings-growth ratio of 5.62 and a beta of 1.04. The company’s fifty day moving average is $15.88 and its 200-day moving average is $14.75.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Monday, December 28th will be issued a $0.075 dividend. The ex-dividend date is Thursday, December 24th. This is a positive change from Limoneira’s previous quarterly dividend of $0.05. This represents a $0.30 annualized dividend and a yield of 1.88%. Limoneira’s dividend payout ratio is -66.67%.

In related news, CFO Mark Palamountain sold 5,850 shares of the stock in a transaction dated Wednesday, December 23rd. The shares were sold at an average price of $17.00, for a total value of $99,450.00. Following the completion of the transaction, the chief financial officer now directly owns 63,787 shares in the company, valued at approximately $1,084,379. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Harold S. Edwards sold 9,000 shares of the stock in a transaction dated Wednesday, December 23rd. The stock was sold at an average price of $17.00, for a total transaction of $153,000.00. Following the completion of the transaction, the chief executive officer now owns 164,611 shares of the company’s stock, valued at $2,798,387. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by corporate insiders.

A number of equities analysts have commented on LMNR shares. Zacks Investment Research raised shares of Limoneira from a “sell” rating to a “hold” rating in a research note on Friday, December 25th. TheStreet raised shares of Limoneira from a “d+” rating to a “c-” rating in a research note on Tuesday, September 15th. Finally, BidaskClub raised shares of Limoneira from a “sell” rating to a “hold” rating in a research note on Wednesday, December 23rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.20.

Limoneira Company Profile

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through 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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