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.
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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