Limoneira (LMNR) Stock Forecast, Price & News

2 Wall Street 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 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 5.7% from the stock's current price.
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Limoneira's stock was trading at $12.21 at the start of the year. Since then, LMNR stock has increased by 31.8% and is now trading at $16.09.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 6th 2023.
View our LMNR earnings forecast.

Limoneira will be holding an earnings conference call on Tuesday, June 6th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13737562".

Limoneira (NASDAQ:LMNR) posted its quarterly earnings data on Thursday, March, 9th. The company reported ($0.53) EPS for the quarter, missing analysts' consensus estimates of ($0.36) by $0.17. The business earned $37.90 million during the quarter, compared to the consensus estimate of $37.52 million. Limoneira had a negative trailing twelve-month return on equity of 3.04% and a net margin of 11.96%.

Limoneira declared a quarterly dividend on Wednesday, March 22nd. Stockholders of record on Tuesday, April 4th will be paid a dividend of $0.075 per share on Friday, April 14th. This represents a $0.30 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Monday, April 3rd.
Read our dividend analysis for LMNR.

VegTech Plant-based Innovation & Climate ETF holds 7,580 shares of LMNR stock, representing 2.50% of its portfolio.

Limoneira (NASDAQ:LMNR) pays an annual dividend of $0.30 per share and currently has a dividend yield of 1.83%. The dividend payout ratio is 25.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, LMNR will have a dividend payout ratio of 90.91% 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 institutional and retail investors. Top institutional investors include Global Alpha Capital Management Ltd. (16.12%), Old West Investment Management LLC (5.38%), Dimensional Fund Advisors LP (3.58%), First Wilshire Securities Management Inc. (3.49%), BlackRock Inc. (1.52%) and Teton Advisors Inc. (1.09%). 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 $16.09.

Limoneira (NASDAQ:LMNR) has a market capitalization of $286.88 million and generates $184.60 million in revenue each year. The company earns $-240,000.00 in net income (profit) each year or $1.16 on an earnings per share basis.

The company employs 268 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.