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


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

Limoneira stock traded down $1.11 during trading hours on Tuesday, reaching $16.00. The stock had a trading volume of 5,504 shares, compared to its average volume of 48,471. Limoneira has a 52 week low of $10.60 and a 52 week high of $21.85. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.78 and a quick ratio of 1.58. The company has a market cap of $285.06 million, a price-to-earnings ratio of -22.26, a PEG ratio of 5.62 and a beta of 1.04. The business’s 50 day moving average price is $15.88 and its 200-day moving average price is $14.75.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Monday, December 28th will be issued a $0.075 dividend. The ex-dividend date is Thursday, December 24th. This is an increase from Limoneira’s previous quarterly dividend of $0.05. This represents a $0.30 dividend on an annualized basis and a yield of 1.88%. Limoneira’s payout ratio is currently -66.67%.

A number of research firms recently weighed in on LMNR. TheStreet raised shares of Limoneira from a “d+” rating to a “c-” rating in a research note on Tuesday, September 15th. Zacks Investment Research raised shares of Limoneira from a “sell” rating to a “hold” rating in a research note on Friday, December 25th. Finally, BidaskClub raised shares of Limoneira from a “sell” rating to a “hold” rating in a research note on Wednesday, December 23rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $18.20.

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

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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