Limoneira (NASDAQ:LMNR) declared a quarterly dividend on Thursday, June 28th, Wall Street Journal reports. Investors of record on Monday, July 9th will be given a dividend of 0.0625 per share on Wednesday, July 18th. This represents a $0.25 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, July 6th.
Limoneira stock traded up $0.54 during mid-day trading on Thursday, hitting $24.76. The stock had a trading volume of 108,612 shares, compared to its average volume of 39,108. The stock has a market cap of $446.86 million, a price-to-earnings ratio of 58.86 and a beta of 0.81. Limoneira has a 12 month low of $19.62 and a 12 month high of $26.80. The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 0.69.
Limoneira (NASDAQ:LMNR) last posted its quarterly earnings results on Monday, June 11th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. The business had revenue of $43.14 million for the quarter, compared to analysts’ expectations of $41.70 million. Limoneira had a return on equity of 7.15% and a net margin of 15.53%. sell-side analysts expect that Limoneira will post 0.69 EPS for the current year.
Several equities analysts recently issued reports on the company. Zacks Investment Research cut Limoneira from a “buy” rating to a “hold” rating in a report on Tuesday, May 15th. Stifel Nicolaus initiated coverage on Limoneira in a report on Thursday. They set a “buy” rating and a $30.00 target price on the stock. BidaskClub upgraded Limoneira from a “buy” rating to a “strong-buy” rating in a report on Friday, June 22nd. Stephens initiated coverage on Limoneira in a report on Monday. They set an “overweight” rating and a $30.00 target price on the stock. Finally, Buckingham Research raised their target price on Limoneira from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, June 12th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $29.00.
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. The Fresh Lemons segment markets and sells lemons directly to food service, wholesale, and retail customers.
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