Limoneira (LMNR) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Limoneira in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LMNR shares.
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2 brokerages have issued 1-year price targets for Limoneira's shares. Their LMNR share price forecasts range from $17.00 to $17.00. On average, they expect the company's stock price to reach $17.00 in the next twelve months. This suggests a possible upside of 14.2% 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 21.9% and is now trading at $14.88.
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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) posted its earnings results on Thursday, September, 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.15 by $0.13. The business earned $52.50 million during the quarter, compared to analysts' expectations of $48.58 million. Limoneira had a negative trailing twelve-month return on equity of 5.49% and a net margin of 5.73%. During the same period in the prior year, the firm earned $0.41 EPS.

Limoneira announced a quarterly dividend on Tuesday, June 27th. Investors of record on Tuesday, July 11th will be given a dividend of $0.075 per share on Friday, July 14th. This represents a $0.30 annualized dividend and a yield of 2.02%. The ex-dividend date is Monday, July 10th.
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 2.02%. 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."

Limoneira's stock is owned by a number of retail and institutional investors. Top institutional investors include Global Alpha Capital Management Ltd. (16.21%), BlackRock Inc. (5.83%), Old West Investment Management LLC (5.12%), Dimensional Fund Advisors LP (3.47%), Geode Capital Management LLC (1.79%) and State Street Corp (1.35%). Insiders that own company stock include Alex M Teague, Donald R Rudkin, Elizabeth Blanchard Chess, Harold S Edwards, Harold S Edwards, John WH Merriman, Jose De Jesus Loza, Mark Palamountain, Peter S Kirlin, Robert M Sawyer and Scott S Slater.
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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 $14.88.

Limoneira (NASDAQ:LMNR) has a market capitalization of $267.54 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.