Limoneira (NASDAQ:LMNR – Get Free Report) announced its earnings results on Tuesday. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.08), FiscalAI reports. The business had revenue of $23.93 million for the quarter, compared to the consensus estimate of $21.42 million. Limoneira had a negative net margin of 15.55% and a negative return on equity of 12.19%.
Here are the key takeaways from Limoneira’s conference call:
- Management said second-quarter revenue and adjusted EBITDA beat expectations, and reiterated confidence in delivering positive adjusted EBITDA in the third and fourth quarters as the seasonally stronger half of the year begins.
- The company reported a quarterly net loss and an adjusted EBITDA loss, but results were weighed down by $23.8 million of non-cash charges tied to asset impairments, disposals, foreign exchange losses, and receivable allowances.
- Limoneira highlighted improving operating trends in lemons, with fresh utilization above 80% and lemon pricing now above $20 per carton, supported by the Sunkist partnership and its broader customer access.
- Avocado volumes were delayed into the second half to capture better pricing, and management raised full-year avocado guidance to 5.5 million-6.5 million pounds as production capacity continues to expand.
- The company continues to pursue multiple asset-monetization opportunities, including the $16 million Paso Robles vineyard sale, expected water-rights monetization in fiscal 2026, and roughly $155 million in projected real estate proceeds over the next five fiscal years.
Limoneira Stock Up 1.9%
Shares of Limoneira stock opened at $12.10 on Wednesday. The stock’s fifty day moving average is $12.87 and its 200-day moving average is $13.52. The firm has a market capitalization of $219.13 million, a PE ratio of -9.45 and a beta of 0.30. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 0.53. Limoneira has a 12-month low of $11.66 and a 12-month high of $17.19.
Institutional Inflows and Outflows
Analyst Ratings Changes
Several brokerages have weighed in on LMNR. Zacks Research raised Limoneira from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Limoneira in a research note on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Limoneira has an average rating of “Hold” and an average price target of $18.50.
View Our Latest Report on LMNR
About Limoneira
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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