Limoneira (NASDAQ:LMNR) Issues Earnings Results, Beats Estimates By $0.01 EPS

Limoneira (NASDAQ:LMNR) posted its quarterly earnings data on Monday, January 8th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.01, Bloomberg Earnings reports. Limoneira had a return on equity of 4.98% and a net margin of 5.44%. The business had revenue of $15.90 million during the quarter, compared to analysts’ expectations of $15.60 million. During the same quarter in the previous year, the firm earned ($0.01) EPS. The firm’s revenue was down 18.5% compared to the same quarter last year. Limoneira updated its FY18 guidance to $0.55-0.65 EPS.

Shares of Limoneira (LMNR) opened at $21.25 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.80 and a debt-to-equity ratio of 0.75. The stock has a market cap of $316.43, a P/E ratio of 51.83 and a beta of 1.06. Limoneira has a 1 year low of $16.39 and a 1 year high of $26.06.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Tuesday, January 2nd will be paid a $0.063 dividend. This is an increase from Limoneira’s previous quarterly dividend of $0.05. This represents a $0.25 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Friday, December 29th. Limoneira’s dividend payout ratio (DPR) is 60.98%.

A number of equities research analysts recently commented on LMNR shares. Zacks Investment Research downgraded Limoneira from a “hold” rating to a “sell” rating in a report on Saturday, December 23rd. Roth Capital set a $28.00 price objective on Limoneira and gave the stock a “buy” rating in a research note on Friday, December 8th. BidaskClub upgraded Limoneira from a “sell” rating to a “hold” rating in a report on Friday, December 15th. Finally, TheStreet cut Limoneira from a “b” rating to a “c” rating in a report on Friday, January 12th.

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About Limoneira

Limoneira Company is engaged in agribusiness and real estate development. The Company’s operations consist of fruit production, sales and marketing, rental operations, real estate development and capital investment activities. The Company’s segments include lemon operations, other agribusiness, rental operations and real estate development.

Earnings History for Limoneira (NASDAQ:LMNR)

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