Limoneira Co (NASDAQ:LMNR – Get Free Report) CFO Gregory Hamm sold 1,000 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $12.77, for a total value of $12,770.00. Following the completion of the sale, the chief financial officer directly owned 77,668 shares of the company’s stock, valued at $991,820.36. The trade was a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Limoneira Trading Down 8.0%
Shares of Limoneira stock opened at $11.87 on Friday. Limoneira Co has a 1 year low of $11.69 and a 1 year high of $17.19. The firm has a market cap of $214.93 million, a PE ratio of -9.27 and a beta of 0.30. The stock has a fifty day moving average price of $12.97 and a 200-day moving average price of $13.55. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.16 and a quick ratio of 1.08.
Limoneira (NASDAQ:LMNR – Get Free Report) last announced its earnings results on Thursday, March 12th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.09). Limoneira had a negative net margin of 15.55% and a negative return on equity of 12.19%. The business had revenue of $18.21 million for the quarter, compared to analysts’ expectations of $16.22 million. Equities research analysts anticipate that Limoneira Co will post -0.47 EPS for the current year.
Institutional Investors Weigh In On Limoneira
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on LMNR shares. Zacks Research raised Limoneira from a “strong sell” rating to a “hold” rating in a research report on Friday, February 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Limoneira in a research report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $18.50.
View Our Latest Analysis on Limoneira
Limoneira Company Profile
Limoneira Company (NASDAQ: LMNR), founded in 1893 and based in Santa Paula, California, is a diversified agribusiness and real estate enterprise. As one of the oldest citrus producers in the United States, Limoneira has built a reputation for cultivating and marketing high-quality citrus fruits, avocados and specialty crops. The company’s vertically integrated model encompasses farming, packing, processing and marketing activities designed to deliver fresh produce to domestic and international markets.
In its agricultural operations, Limoneira specializes in lemons, oranges and avocados, employing modern irrigation, harvesting and packing technologies to maintain consistent product quality and supply.
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