Limoneira (NASDAQ:LMNR – Get Rating) announced its quarterly earnings data on Thursday. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.27 by $0.13, Fidelity Earnings reports. Limoneira had a negative net margin of 1.37% and a negative return on equity of 0.95%. During the same quarter in the prior year, the business posted $0.20 EPS.
Limoneira Stock Performance
LMNR opened at $13.36 on Friday. The stock has a market capitalization of $236.74 million, a price-to-earnings ratio of -74.22 and a beta of 0.79. The company has a fifty day moving average of $13.03 and a 200 day moving average of $13.04. Limoneira has a fifty-two week low of $10.44 and a fifty-two week high of $16.71. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11.
Limoneira Increases Dividend
The business also recently announced a dividend, which was paid on Friday, July 8th. Investors of record on Monday, July 11th were paid a dividend of $0.075 per share. This is a boost from Limoneira’s previous dividend of $0.05. The ex-dividend date of this dividend was Friday, July 8th. Limoneira’s dividend payout ratio (DPR) is presently -166.67%.
Analyst Ratings Changes
Insider Activity at Limoneira
In related news, CFO Mark Palamountain sold 4,000 shares of the firm’s stock in a transaction on Tuesday, June 28th. The shares were sold at an average price of $14.33, for a total transaction of $57,320.00. Following the completion of the transaction, the chief financial officer now directly owns 54,345 shares of the company’s stock, valued at $778,763.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.83% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Limoneira
Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Limoneira by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 739,656 shares of the company’s stock worth $10,858,000 after buying an additional 2,262 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Limoneira by 4.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 607,287 shares of the company’s stock worth $8,914,000 after buying an additional 26,111 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Limoneira in the 2nd quarter worth $3,862,000. Gamco Investors INC. ET AL grew its stake in shares of Limoneira by 6.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 82,300 shares of the company’s stock worth $1,208,000 after buying an additional 5,000 shares in the last quarter. Finally, Gabelli Funds LLC boosted its stake in shares of Limoneira by 6.0% during the 1st quarter. Gabelli Funds LLC now owns 59,482 shares of the company’s stock worth $873,000 after purchasing an additional 3,348 shares during the period. 43.26% of the stock is owned by hedge funds and other institutional investors.
Limoneira Company Profile
Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. 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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