Limoneira (NASDAQ:LMNR) issued its quarterly earnings results on Sunday. The company reported ($0.42) EPS for the quarter, missing the 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%.
LMNR traded down $1.00 on Tuesday, reaching $16.11. The company had a trading volume of 4,307 shares, compared to its average volume of 48,471. Limoneira has a fifty-two week low of $10.60 and a fifty-two week high of $21.85. The stock has a market cap of $287.02 million, a P/E ratio of -22.26, a P/E/G ratio of 5.62 and a beta of 1.04. The company’s fifty day moving average is $15.88 and its 200 day moving average is $14.75. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.58 and a current ratio of 1.78.
The business also recently declared 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. The ex-dividend date is Thursday, December 24th. This represents a $0.30 dividend on an annualized basis and a yield of 1.86%. This is a positive change from Limoneira’s previous quarterly dividend of $0.05. Limoneira’s dividend payout ratio is -66.67%.
In related news, CEO Harold S. Edwards sold 9,000 shares of the company’s stock in a transaction dated Wednesday, December 23rd. The shares were sold at an average price of $17.00, for a total value of $153,000.00. Following the transaction, the chief executive officer now owns 164,611 shares in the company, valued at approximately $2,798,387. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Mark Palamountain sold 5,850 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,084,379. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by corporate insiders.
A number of equities research analysts have recently issued reports on LMNR shares. BidaskClub raised shares of Limoneira from a “sell” rating to a “hold” rating in a report on Wednesday, December 23rd. Zacks Investment Research raised shares of Limoneira from a “sell” rating to a “hold” rating in a report on Friday, December 25th. Finally, TheStreet raised shares of Limoneira from a “d+” rating to a “c-” rating in a report on Tuesday, September 15th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Limoneira has a consensus rating of “Buy” and an average price target of $18.20.
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.
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