Limoneira - LMNR Stock Forecast, Price & News

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, pistachios, and wine grapes. It has approximately 6,100 acres of lemons planted primarily in Ventura, Tulare, San Luis Obispo, and San Bernardino Counties in California; and Jujuy, Argentina, as well in Yuma County, Arizona, and La Serena, Chile; 800 acres of avocados planted in Ventura County; 1,000 acres of oranges planted in Tulare County, California; and 900 acres of specialty citrus and other crops. In addition, the company rents residential housing units and commercial office buildings, as well as leases approximately 500 acres of its land to third-party agricultural tenants. Further, it is involved in organic recycling operations; and the development of land parcels, multi-family housing, and single-family homes. The company markets and sells its lemons directly to food service, wholesale, and retail customers; avocados to a packing and marketing company; oranges, specialty citrus, and other crops through Sunkist and other third-party packinghouses; and wine grapes to wine producers. Limoneira Company was founded in 1893 and is headquartered in Santa Paula, California.

Limoneira Stock Up 1.6 %

LMNR Stock traded up $0.21 during trading on Thursday, hitting $13.49. 56 shares of the stock traded hands, compared to its average volume of 35,712. Limoneira has a 1 year low of $10.44 and a 1 year high of $18.00. The firm's 50 day moving average is $13.30 and its two-hundred day moving average is $13.28. The stock has a market cap of $239.04 million, a price-to-earnings ratio of -35.21 and a beta of 0.79. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03.

Limoneira (NASDAQ:LMNR - Get Rating) last announced its quarterly earnings data on Tuesday, June 7th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. Limoneira had a negative net margin of 3.63% and a negative return on equity of 3.01%. The company had revenue of $46.75 million for the quarter, compared to the consensus estimate of $49.10 million. During the same period in the prior year, the firm posted $0.10 EPS. On average, sell-side analysts anticipate that Limoneira will post -0.12 EPS for the current year.

Limoneira Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 8th. Investors of record on Monday, July 11th were given a dividend of $0.075 per share. This is an increase from Limoneira's previous dividend of $0.05. The ex-dividend date was Friday, July 8th. Limoneira's dividend payout ratio is -78.95%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Limoneira from a "sell" rating to a "hold" rating in a research report on Monday, June 13th.

Insider Activity at Limoneira

In other news, CFO Mark Palamountain sold 4,000 shares of the firm's stock in a transaction dated Tuesday, June 28th. The shares were sold at an average price of $14.33, for a total transaction of $57,320.00. Following the sale, the chief financial officer now owns 54,345 shares of the company's stock, valued at approximately $778,763.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.83% of the stock is currently owned by insiders.