News coverage about Limoneira (NASDAQ:LMNR) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Limoneira earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.7190478134054 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Limoneira (NASDAQ:LMNR) traded up $0.39 during trading hours on Wednesday, reaching $20.65. 15,826 shares of the company traded hands, compared to its average volume of 33,936. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.98 and a quick ratio of 0.80. The stock has a market capitalization of $295.81, a price-to-earnings ratio of 50.37 and a beta of 0.91. Limoneira has a one year low of $17.40 and a one year high of $26.06.
Limoneira (NASDAQ:LMNR) last posted its quarterly earnings results on Monday, January 8th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.01. The business had revenue of $15.90 million during the quarter, compared to the consensus estimate of $15.60 million. Limoneira had a net margin of 5.44% and a return on equity of 4.98%. The firm’s revenue for the quarter was down 18.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.01) earnings per share. equities analysts predict that Limoneira will post 0.6 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 17th. Shareholders of record on Tuesday, January 2nd were paid a $0.063 dividend. The ex-dividend date of this dividend was Friday, December 29th. This is an increase from Limoneira’s previous quarterly dividend of $0.05. This represents a $0.25 annualized dividend and a yield of 1.22%. Limoneira’s payout ratio is currently 60.98%.
A number of research analysts have recently commented on LMNR shares. Roth Capital set a $28.00 price target on shares of Limoneira and gave the company a “buy” rating in a research report on Friday, December 8th. TheStreet lowered shares of Limoneira from a “b” rating to a “c” rating in a research report on Friday, January 12th. BidaskClub upgraded shares of Limoneira from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Zacks Investment Research lowered shares of Limoneira from a “hold” rating to a “sell” rating in a research report on Saturday, December 23rd.
In other news, Director Robert M. Sawyer sold 1,250 shares of the company’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $21.49, for a total transaction of $26,862.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.70% of the company’s stock.
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Limoneira Company Profile
Limoneira Company is engaged in agribusiness and real estate development. The Company’s operations consist of fruit production, sales and marketing, rental operations, real estate development and capital investment activities. The Company’s segments include lemon operations, other agribusiness, rental operations and real estate development.
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