Limoneira (NASDAQ:LMNR) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Limoneira (NASDAQ:LMNR) released its earnings results on Monday. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01, Fidelity Earnings reports. Limoneira had a negative net margin of 8.82% and a negative return on equity of 5.50%.

Shares of NASDAQ LMNR traded down $0.49 during trading on Wednesday, reaching $19.83. The company had a trading volume of 830 shares, compared to its average volume of 29,668. Limoneira has a 52 week low of $12.72 and a 52 week high of $20.74. The business’s 50 day moving average is $18.22. The company has a current ratio of 1.43, a quick ratio of 1.30 and a debt-to-equity ratio of 0.69. The stock has a market cap of $350.59 million, a PE ratio of -23.93, a PEG ratio of 18.43 and a beta of 1.02.

The business also recently announced a quarterly dividend, which was paid on Friday, April 16th. Shareholders of record on Monday, April 5th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Thursday, April 1st. Limoneira’s dividend payout ratio is presently -43.48%.

In other Limoneira news, Director Jose De Jesus Loza acquired 7,500 shares of the business’s stock in a transaction dated Monday, March 15th. The shares were acquired at an average price of $18.38 per share, with a total value of $137,850.00. Following the completion of the transaction, the director now directly owns 263,568 shares in the company, valued at approximately $4,844,379.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Elizabeth Blanchard Chess sold 1,423 shares of the business’s stock in a transaction on Monday, May 24th. The stock was sold at an average price of $18.55, for a total transaction of $26,396.65. In the last quarter, insiders have bought 30,850 shares of company stock valued at $542,093 and have sold 7,119 shares valued at $128,432. 5.82% of the stock is owned by insiders.

LMNR has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Limoneira from a “buy” rating to a “hold” rating in a research report on Tuesday, May 25th. Seaport Global Securities started coverage on shares of Limoneira in a research report on Friday, February 19th. They issued a “neutral” rating for the company. Northland Securities upgraded shares of Limoneira from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research note on Friday, March 12th. Stephens upgraded shares of Limoneira from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $17.00 to $20.00 in a research note on Friday, March 5th. Finally, Lake Street Capital started coverage on shares of Limoneira in a research note on Friday, June 4th. They set a “buy” rating and a $23.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $23.29.

Limoneira Company Profile

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through four segments: Fresh Lemons, Lemon Packing, Avocados, and Other Agribusiness. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, pistachios, and wine grapes.

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Earnings History for Limoneira (NASDAQ:LMNR)

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