BidaskClub upgraded shares of Limoneira (NASDAQ:LMNR) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.
Several other equities analysts also recently weighed in on LMNR. Roth Capital set a $28.00 target price on Limoneira and gave the company a buy rating in a research report on Friday, December 8th. Zacks Investment Research downgraded Limoneira from a hold rating to a sell rating in a research report on Saturday, December 23rd. Finally, TheStreet downgraded Limoneira from a b rating to a c rating in a research report on Friday, January 12th.
Limoneira (NASDAQ LMNR) opened at $20.95 on Tuesday. The firm has a market capitalization of $304.23, a P/E ratio of 53.72 and a beta of 0.91. Limoneira has a 1 year low of $17.40 and a 1 year high of $26.06. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.98 and a quick ratio of 0.80.
Limoneira (NASDAQ:LMNR) last released its earnings results on Monday, January 8th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.01. The business had revenue of $15.90 million for the quarter, compared to the consensus estimate of $15.60 million. Limoneira had a return on equity of 4.98% and a net margin of 5.44%. The business’s quarterly revenue was down 18.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) earnings per share. sell-side analysts expect that Limoneira will post 0.6 EPS for the current year.
In other news, Director Robert M. Sawyer sold 1,250 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $21.49, for a total value of $26,862.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 5.70% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. acquired a new stake in shares of Limoneira in the third quarter valued at approximately $106,000. MetLife Investment Advisors LLC acquired a new stake in shares of Limoneira in the fourth quarter valued at approximately $139,000. Nationwide Fund Advisors increased its holdings in shares of Limoneira by 10.0% in the second quarter. Nationwide Fund Advisors now owns 7,735 shares of the company’s stock valued at $183,000 after purchasing an additional 700 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Limoneira by 9.1% in the second quarter. Wells Fargo & Company MN now owns 9,093 shares of the company’s stock valued at $215,000 after purchasing an additional 757 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of Limoneira in the third quarter valued at approximately $219,000. 26.91% of the stock is owned by hedge funds and other institutional investors.
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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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