Limoneira (NASDAQ:LMNR) Announces Earnings Results, Misses Expectations By $0.21 EPS

Limoneira (NASDAQ:LMNR) issued its earnings results on Sunday. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.21), MarketWatch Earnings reports. Limoneira had a negative return on equity of 4.17% and a negative net margin of 7.05%.

NASDAQ LMNR traded down $1.04 during trading on Tuesday, reaching $16.07. The company’s stock had a trading volume of 4,464 shares, compared to its average volume of 48,471. The company has a current ratio of 1.78, a quick ratio of 1.58 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $286.30 million, a PE ratio of -22.26, a PEG ratio of 5.62 and a beta of 1.04. The business has a 50-day moving average price of $15.88 and a 200-day moving average price of $14.75. Limoneira has a 1-year low of $10.60 and a 1-year high of $21.85.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Monday, December 28th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Thursday, December 24th. This is a boost from Limoneira’s previous quarterly dividend of $0.05. This represents a $0.30 dividend on an annualized basis and a yield of 1.87%. Limoneira’s payout ratio is -66.67%.

Several research analysts recently commented on LMNR shares. Zacks Investment Research raised shares of Limoneira from a “sell” rating to a “hold” rating in a research note on Friday, December 25th. BidaskClub raised Limoneira from a “sell” rating to a “hold” rating in a research report on Wednesday, December 23rd. Finally, TheStreet upgraded Limoneira from a “d+” rating to a “c-” rating in a research report on Tuesday, September 15th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Limoneira currently has an average rating of “Buy” and a consensus target price of $18.20.

In related news, CEO Harold S. Edwards sold 9,000 shares of Limoneira stock in a transaction dated Wednesday, December 23rd. The stock was sold at an average price of $17.00, for a total transaction of $153,000.00. Following the sale, the chief executive officer now directly owns 164,611 shares of the company’s stock, valued at $2,798,387. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Mark Palamountain sold 5,850 shares of Limoneira stock in a transaction dated Wednesday, December 23rd. The stock was sold at an average price of $17.00, for a total value of $99,450.00. Following the sale, the chief financial officer now directly owns 63,787 shares in the company, valued at $1,084,379. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.

About Limoneira

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. It grows, processes, packs, markets, and sells lemons.

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Earnings History for Limoneira (NASDAQ:LMNR)

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