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 1.1 %

Shares of NASDAQ:LMNR traded up $0.14 during midday trading on Friday, reaching $13.42. 25 shares of the company's stock were exchanged, compared to its average volume of 34,418. Limoneira has a 52-week low of $10.44 and a 52-week high of $18.00. The stock has a market capitalization of $237.80 million, a PE ratio of -34.95 and a beta of 0.79. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. The business's fifty day moving average price is $13.34 and its two-hundred day moving average price is $13.26.

Limoneira (NASDAQ:LMNR - Get Rating) last announced its quarterly earnings data on Tuesday, June 7th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. The firm had revenue of $46.75 million during the quarter, compared to analyst estimates of $49.10 million. Limoneira had a negative return on equity of 3.01% and a negative net margin of 3.63%. During the same period in the previous year, the company earned $0.10 earnings per share. Analysts forecast 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 issued a $0.075 dividend. This is a positive change from Limoneira's previous dividend of $0.05. The ex-dividend date of this dividend was Friday, July 8th. Limoneira's payout ratio is currently -78.95%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised 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 company's stock in a transaction that occurred on Tuesday, June 28th. The stock was sold at an average price of $14.33, for a total transaction of $57,320.00. Following the completion of the transaction, the chief financial officer now directly owns 54,345 shares of the company's stock, valued at $778,763.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.83% of the stock is owned by corporate insiders.