Wall Street brokerages expect Limoneira (NASDAQ:LMNR) to announce ($0.18) earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Limoneira’s earnings, with estimates ranging from ($0.19) to ($0.16). Limoneira posted earnings per share of ($0.11) during the same quarter last year, which indicates a negative year-over-year growth rate of 63.6%. The company is expected to report its next quarterly earnings results on Tuesday, March 10th.
According to Zacks, analysts expect that Limoneira will report full year earnings of $0.39 per share for the current financial year, with EPS estimates ranging from $0.34 to $0.49. For the next financial year, analysts expect that the business will report earnings of $1.05 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Limoneira.
Limoneira (NASDAQ:LMNR) last posted its quarterly earnings data on Monday, January 13th. The company reported ($0.24) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.24). Limoneira had a negative net margin of 3.47% and a negative return on equity of 3.43%. The company had revenue of $36.48 million during the quarter, compared to analyst estimates of $24.78 million.
LMNR has been the subject of several research reports. BidaskClub lowered shares of Limoneira from a “buy” rating to a “hold” rating in a research report on Saturday, December 21st. Zacks Investment Research cut shares of Limoneira from a “hold” rating to a “strong sell” rating in a report on Wednesday. National Securities reissued a “buy” rating and issued a $30.00 price target on shares of Limoneira in a research report on Tuesday, January 14th. Finally, ValuEngine raised shares of Limoneira from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Limoneira presently has an average rating of “Buy” and an average target price of $23.75.
Shares of NASDAQ:LMNR traded down $0.03 during trading hours on Friday, hitting $20.67. 58,731 shares of the company’s stock traded hands, compared to its average volume of 46,686. Limoneira has a 52 week low of $17.05 and a 52 week high of $25.65. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.11 and a current ratio of 1.11. The company’s fifty day simple moving average is $19.64 and its two-hundred day simple moving average is $19.12. The company has a market cap of $369.29 million, a price-to-earnings ratio of -55.86, a price-to-earnings-growth ratio of 3.51 and a beta of 1.05.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Friday, December 27th. Limoneira’s payout ratio is presently -66.67%.
In related news, CEO Harold S. Edwards sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $20.24, for a total transaction of $40,480.00. In the last ninety days, insiders have sold 6,300 shares of company stock worth $126,886. Insiders own 4.50% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of LMNR. Wells Fargo & Company MN raised its position in Limoneira by 25.5% during the second quarter. Wells Fargo & Company MN now owns 37,353 shares of the company’s stock valued at $744,000 after acquiring an additional 7,599 shares in the last quarter. JPMorgan Chase & Co. raised its position in Limoneira by 18.4% during the second quarter. JPMorgan Chase & Co. now owns 4,296 shares of the company’s stock valued at $83,000 after acquiring an additional 668 shares in the last quarter. Bank of Montreal Can raised its position in Limoneira by 132,800.0% during the second quarter. Bank of Montreal Can now owns 1,329 shares of the company’s stock valued at $27,000 after acquiring an additional 1,328 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Limoneira by 4.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 88,888 shares of the company’s stock valued at $1,773,000 after acquiring an additional 3,619 shares in the last quarter. Finally, AXA raised its position in Limoneira by 4.2% during the second quarter. AXA now owns 238,137 shares of the company’s stock valued at $4,748,000 after acquiring an additional 9,507 shares in the last quarter. 54.95% of the stock is currently owned by hedge funds and other institutional investors.
Limoneira Company Profile
Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates in 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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