Limoneira (LMNR) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Limoneira in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" LMNR shares.
View LMNR analyst ratings or view top-rated stocks.

2 brokers have issued twelve-month target prices for Limoneira's shares. Their LMNR share price forecasts range from $17.00 to $17.00. On average, they predict the company's share price to reach $17.00 in the next year. This suggests a possible upside of 11.0% from the stock's current price.
View analysts price targets for LMNR or view top-rated stocks among Wall Street analysts.

Limoneira's stock was trading at $12.21 at the beginning of 2023. Since then, LMNR shares have increased by 25.5% and is now trading at $15.32.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 28th 2023.
View our LMNR earnings forecast.

Limoneira (NASDAQ:LMNR) released its earnings results on Thursday, September, 7th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by $0.13. The business had revenue of $52.50 million for the quarter, compared to analyst estimates of $48.58 million. Limoneira had a net margin of 5.73% and a negative trailing twelve-month return on equity of 5.49%. During the same quarter last year, the business posted $0.41 EPS.

Limoneira declared a quarterly dividend on Tuesday, September 26th. Shareholders of record on Tuesday, October 10th will be paid a dividend of $0.075 per share on Friday, October 20th. This represents a $0.30 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, October 6th.
Read our dividend analysis for LMNR.

VegTech Plant-based Innovation & Climate ETF holds 11,180 shares of LMNR stock, representing 3.35% of its portfolio.

Limoneira (NASDAQ:LMNR) pays an annual dividend of $0.30 per share and currently has a dividend yield of 1.98%. The dividend payout ratio is 58.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, LMNR will have a dividend payout ratio of 111.11% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for LMNR.

Based on aggregate information from My MarketBeat watchlists, some companies that other Limoneira investors own include Two Rivers Water & Farming (TURV), Energy Transfer (ET), Martin Midstream Partners (MMLP), CBL & Associates Properties (CBL), Ford Motor (F), Cornerstone Total Return Fund (CRF), NGL Energy Partners (NGL), Pembina Pipeline (PBA), SandRidge Permian Trust (PER) and Stratasys (SSYS).

Limoneira trades on the NASDAQ under the ticker symbol "LMNR."

Shares of LMNR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LMNR stock can currently be purchased for approximately $15.32.

Limoneira (NASDAQ:LMNR) has a market capitalization of $275.45 million and generates $184.60 million in revenue each year. The company earns $-240,000.00 in net income (profit) each year or $0.51 on an earnings per share basis.

The company employs 265 workers across the globe.

Limoneira's mailing address is 1141 CUMMINGS ROAD, SANTA PAULA CA, 93060. The official website for the company is www.limoneira.com. The company can be reached via phone at (805) 525-5541, via email at john.mills@icrinc.com, or via fax at 513-389-4634.