Limoneira (NASDAQ:LMNR) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Limoneira (NASDAQ:LMNR) released its quarterly earnings data on Monday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.01), Zacks reports. Limoneira had a net margin of 3.24% and a return on equity of 3.97%.

Limoneira Price Performance

NASDAQ LMNR traded up $0.53 on Monday, hitting $26.83. The stock had a trading volume of 111,126 shares, compared to its average volume of 45,552. The company has a market capitalization of $484.34 million, a price-to-earnings ratio of 92.52 and a beta of 0.49. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 0.93. The firm has a 50-day moving average of $27.01 and a 200-day moving average of $24.27. Limoneira has a 52-week low of $17.37 and a 52-week high of $29.22.

Limoneira Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 30th will be paid a dividend of $0.075 per share. The ex-dividend date is Monday, December 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.12%. Limoneira’s payout ratio is 103.45%.

Analyst Upgrades and Downgrades

LMNR has been the subject of several recent research reports. StockNews.com upgraded Limoneira from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. Lake Street Capital reaffirmed a “hold” rating and set a $25.00 price target on shares of Limoneira in a research note on Tuesday, September 10th. Finally, B. Riley lifted their target price on shares of Limoneira from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.33.

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.