Limoneira (NASDAQ:LMNR) Issues Earnings Results

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

NASDAQ LMNR traded down $1.11 on Tuesday, hitting $16.00. 5,504 shares of the company’s stock were exchanged, compared to its average volume of 48,471. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.78 and a quick ratio of 1.58. The firm’s 50-day moving average price is $15.88 and its two-hundred day moving average price is $14.75. Limoneira has a fifty-two week low of $10.60 and a fifty-two week high of $21.85. The firm has a market cap of $285.06 million, a price-to-earnings ratio of -22.26, a P/E/G ratio of 5.62 and a beta of 1.04.

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

A number of brokerages have issued reports on LMNR. BidaskClub upgraded Limoneira from a “sell” rating to a “hold” rating in a research report on Wednesday, December 23rd. TheStreet upgraded Limoneira from a “d+” rating to a “c-” rating in a research report on Tuesday, September 15th. Finally, Zacks Investment Research upgraded Limoneira from a “sell” rating to a “hold” rating in a research report on Friday, December 25th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Limoneira has an average rating of “Buy” and an average price target of $18.20.

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

About Limoneira

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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Earnings History for Limoneira (NASDAQ:LMNR)

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