Wall Street analysts expect Limoneira (NASDAQ:LMNR) to report sales of $25.05 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Limoneira’s earnings, with the highest sales estimate coming in at $26.90 million and the lowest estimate coming in at $23.20 million. Limoneira posted sales of $14.71 million in the same quarter last year, which would indicate a positive year over year growth rate of 70.3%. The firm is expected to announce its next quarterly earnings report on Monday, January 13th.
According to Zacks, analysts expect that Limoneira will report full-year sales of $159.66 million for the current fiscal year, with estimates ranging from $157.50 million to $161.82 million. For the next year, analysts expect that the business will post sales of $201.25 million, with estimates ranging from $197.00 million to $205.50 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Limoneira.
A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Limoneira from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Tuesday, November 5th. National Securities began coverage on shares of Limoneira in a research report on Monday, July 22nd. They set a “buy” rating and a $30.00 price objective for the company. BidaskClub lowered shares of Limoneira from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, ValuEngine raised shares of Limoneira from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Limoneira currently has a consensus rating of “Buy” and a consensus target price of $24.40.
Several institutional investors and hedge funds have recently made changes to their positions in the company. First Trust Advisors LP raised its position in shares of Limoneira by 29.8% during the third quarter. First Trust Advisors LP now owns 34,674 shares of the company’s stock valued at $637,000 after buying an additional 7,963 shares during the last quarter. Teton Advisors Inc. raised its position in Limoneira by 32.0% in the third quarter. Teton Advisors Inc. now owns 218,465 shares of the company’s stock worth $4,011,000 after purchasing an additional 52,920 shares in the last quarter. California Public Employees Retirement System raised its position in Limoneira by 13.8% in the third quarter. California Public Employees Retirement System now owns 22,200 shares of the company’s stock worth $408,000 after purchasing an additional 2,700 shares in the last quarter. Rhumbline Advisers raised its position in Limoneira by 10.2% in the third quarter. Rhumbline Advisers now owns 22,678 shares of the company’s stock worth $416,000 after purchasing an additional 2,104 shares in the last quarter. Finally, Royal Bank of Canada raised its position in Limoneira by 35.8% in the second quarter. Royal Bank of Canada now owns 36,290 shares of the company’s stock worth $724,000 after purchasing an additional 9,570 shares in the last quarter. 52.60% of the stock is owned by institutional investors and hedge funds.
Shares of Limoneira stock traded down $0.05 on Thursday, hitting $18.52. 17,300 shares of the company traded hands, compared to its average volume of 65,339. The company has a market cap of $333.24 million, a PE ratio of 37.04, a PEG ratio of 2.01 and a beta of 1.06. The company has a quick ratio of 1.11, a current ratio of 1.29 and a debt-to-equity ratio of 0.48. Limoneira has a 12-month low of $17.05 and a 12-month high of $25.70. The company has a 50-day moving average price of $18.59 and a 200 day moving average price of $19.50.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Monday, October 7th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, October 4th. Limoneira’s dividend payout ratio is currently 60.00%.
Limoneira Company Profile
Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates in six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons.
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