Limoneira (NASDAQ:LMNR) Earning Somewhat Positive Press Coverage, Analysis Finds

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Press coverage about Limoneira (NASDAQ:LMNR) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Limoneira earned a news impact score of 0.13 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 47.1418437016071 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

A number of research analysts recently weighed in on the company. TheStreet lowered Limoneira from a “b” rating to a “c” rating in a report on Friday, January 12th. BidaskClub lowered Limoneira from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Zacks Investment Research raised Limoneira from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Wednesday, March 14th. Roth Capital set a $28.00 price objective on Limoneira and gave the stock a “buy” rating in a report on Friday, December 8th. Finally, ValuEngine downgraded Limoneira from a “buy” rating to a “hold” rating in a research report on Monday. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $27.00.

LMNR traded up $0.33 during trading on Thursday, reaching $23.70. 16,726 shares of the stock were exchanged, compared to its average volume of 31,496. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.04 and a current ratio of 1.14. The company has a market cap of $333.24, a price-to-earnings ratio of 55.64 and a beta of 0.80. Limoneira has a 1 year low of $18.21 and a 1 year high of $26.06.

Limoneira (NASDAQ:LMNR) last posted its earnings results on Thursday, March 8th. The company reported ($0.09) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.03. The company had revenue of $31.59 million for the quarter, compared to the consensus estimate of $26.50 million. Limoneira had a return on equity of 5.27% and a net margin of 13.85%. analysts predict that Limoneira will post 0.69 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Friday, April 6th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $0.25 dividend on an annualized basis and a yield of 1.05%. Limoneira’s payout ratio is 59.52%.

In other Limoneira news, Director Robert M. Sawyer sold 1,250 shares of the business’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $21.49, for a total transaction of $26,862.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by insiders.

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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. The Fresh Lemons segment markets and sells lemons directly to food service, wholesale, and retail customers.

Insider Buying and Selling by Quarter for Limoneira (NASDAQ:LMNR)

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