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


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Limoneira (NASDAQ:LMNR) posted its quarterly earnings results on Sunday. The company reported ($0.42) EPS for the quarter, missing the Zacks’ consensus estimate 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%.

Shares of LMNR stock traded down $1.11 on Tuesday, hitting $16.00. The company’s stock had a trading volume of 5,504 shares, compared to its average volume of 48,471. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.78 and a quick ratio of 1.58. Limoneira has a fifty-two week low of $10.60 and a fifty-two week high of $21.85. The firm’s fifty day moving average price is $15.88 and its 200-day moving average price is $14.75. The stock has a market capitalization of $285.06 million, a price-to-earnings ratio of -22.26, a P/E/G ratio of 5.62 and a beta of 1.04.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Monday, December 28th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, December 24th. This is a positive change from Limoneira’s previous quarterly dividend of $0.05. Limoneira’s payout ratio is presently -66.67%.

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

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

Limoneira Company Profile

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.

Further Reading: Net Asset Value

Earnings History for Limoneira (NASDAQ:LMNR)

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