FY2024 EPS Estimates for Limoneira Raised by Analyst (NASDAQ:LMNR)

Limoneira (NASDAQ:LMNR) – Roth Capital lifted their FY2024 EPS estimates for Limoneira in a research note issued to investors on Tuesday, September 10th. Roth Capital analyst G. Sweeney now forecasts that the company will post earnings per share of $0.40 for the year, up from their prior forecast of $0.29. The consensus estimate for Limoneira’s current full-year earnings is $0.22 per share. Roth Capital also issued estimates for Limoneira’s FY2025 earnings at $0.22 EPS.

Several other equities research analysts also recently issued reports on the company. B. Riley boosted their price objective on Limoneira from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. StockNews.com upgraded shares of Limoneira from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Lake Street Capital reissued a “hold” rating and issued a $25.00 price objective on shares of Limoneira in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.33.

Limoneira Stock Up 0.5 %

Limoneira stock opened at $24.37 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 0.93. The firm has a 50 day moving average price of $22.14 and a 200 day moving average price of $20.61. Limoneira has a fifty-two week low of $13.88 and a fifty-two week high of $25.89. The company has a market capitalization of $438.84 million, a PE ratio of -187.42, a price-to-earnings-growth ratio of 7.55 and a beta of 0.48.

Limoneira Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Monday, July 8th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $0.30 annualized dividend and a yield of 1.23%. Limoneira’s payout ratio is -230.77%.

Institutional Investors Weigh In On Limoneira

A number of hedge funds have recently bought and sold shares of the stock. Global Alpha Capital Management Ltd. grew its position in shares of Limoneira by 0.7% during the first quarter. Global Alpha Capital Management Ltd. now owns 3,006,940 shares of the company’s stock worth $58,816,000 after buying an additional 20,000 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Limoneira by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 927,965 shares of the company’s stock valued at $18,151,000 after purchasing an additional 14,572 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of Limoneira by 3.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 211,403 shares of the company’s stock valued at $4,135,000 after purchasing an additional 7,103 shares during the last quarter. Riverwater Partners LLC raised its holdings in shares of Limoneira by 26.4% in the 1st quarter. Riverwater Partners LLC now owns 139,946 shares of the company’s stock valued at $2,737,000 after purchasing an additional 29,187 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Limoneira by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 129,738 shares of the company’s stock worth $2,700,000 after purchasing an additional 1,934 shares during the last quarter. Institutional investors and hedge funds own 64.35% 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 three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes.