NASDAQ:LMNRLimoneira Stock Price, Forecast & News

$12.69

-0.08 (-0.63 %)

(As of 05/25/2020 04:00 PM ET)

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Today's Range

$12.40

Now: $12.69▼

$12.90

50-Day Range

$11.59

MA: $12.75▼

$14.63

52-Week Range

$10.60

Now: $12.69▼

$21.94

Volume19,633 shs

Average Volume81,891 shs

Market Capitalization$226.64 million

P/E RatioN/A

Dividend Yield2.36%

Beta1.07

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates in six segments: Fresh Lemons, Lemon Packing, Avocados, Other 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 5,000 acres of lemons planted primarily in Ventura, Tulare, and San Bernardino Counties in California, as well in Yuma County, Arizona; 900 acres of avocados planted in Ventura County; 1,600 acres of oranges planted in Tulare County, California; and 1,000 acres of specialty citrus and other crops. In addition, the company rents residential housing units; commercial office buildings; and a multi-use facility comprising a retail convenience store, gas station, car wash, and quick-serve restaurant, 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 packinghouses; and wine grapes to wine producers. Limoneira Company was founded in 1893 and is headquartered in Santa Paula, California.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Limoneira has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $17.75, Limoneira has a potential upside of 39.9% from its current price of $12.69.
Amount of Analyst Coverage
Limoneira has only been the subject of 3 research reports in the past 90 days.

2.5 Community Rank

Outperform Votes
Limoneira has received 272 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Limoneira has received 271 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Limoneira has received 50.09% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Limoneira and other stocks. Vote “Outperform” if you believe LMNR will outperform the S&P 500 over the long term. Vote “Underperform” if you believe LMNR will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Limoneira is a leading dividend payer. It pays a dividend yield of 2.36%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Limoneira has been increasing its dividend for 6 years.
Dividend Sustainability
Based on earnings estimates, Limoneira will have a dividend payout ratio of 51.72 % next year. This indicates that Limoneira will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Limoneira insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.90% of the stock of Limoneira is held by insiders.
Percentage Held by Institutions
56.60% of the stock of Limoneira is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Limoneira are expected to grow by 427.27% in the coming year, from $0.11 to $0.58 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Limoneira is -27.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Limoneira is -27.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Limoneira has a PEG Ratio of 7.93. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Limoneira has a P/B Ratio of 1.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.41 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Agricultural production - crops

Sub-IndustryAgricultural Products

SectorConsumer Staples

Current SymbolNASDAQ:LMNR

Previous Symbol

CUSIP53274610

CIK1342423

Webwww.limoneira.com

Phone805-525-5541

Debt

Debt-to-Equity Ratio0.59

Current Ratio1.41

Quick Ratio1.30

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio115.36

P/E Growth7.93

Sales & Book Value

Annual Sales$171.40 million

Price / Sales1.32

Cash Flow$0.05 per share

Price / Cash Flow271.73

Book Value$12.47 per share

Price / Book1.02

Profitability

EPS (Most Recent Fiscal Year)($0.45)

Net Income$-5,940,000.00

Net Margins-4.49%

Return on Equity-4.97%

Return on Assets-2.72%

Miscellaneous

Employees286

Outstanding Shares17,860,000

Market Cap$226.64 million

Next Earnings Date6/8/2020 (Estimated)

OptionableOptionable

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Limoneira (NASDAQ:LMNR) Frequently Asked Questions

How has Limoneira's stock been impacted by COVID-19 (Coronavirus)?

Limoneira's stock was trading at $15.04 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, LMNR stock has decreased by 15.6% and is now trading at $12.69. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Limoneira?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Limoneira in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Limoneira.

When is Limoneira's next earnings date?

Limoneira is scheduled to release its next quarterly earnings announcement on Monday, June 8th 2020. View our earnings forecast for Limoneira.

How were Limoneira's earnings last quarter?

Limoneira (NASDAQ:LMNR) released its quarterly earnings data on Wednesday, March, 11th. The company reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.19) by $0.11. The firm earned $41.66 million during the quarter, compared to analyst estimates of $42.30 million. Limoneira had a negative net margin of 4.49% and a negative return on equity of 4.97%. View Limoneira's earnings history.

How often does Limoneira pay dividends? What is the dividend yield for Limoneira?

Limoneira declared a quarterly dividend on Tuesday, March 24th. Stockholders of record on Monday, April 6th will be paid a dividend of $0.075 per share on Friday, April 17th. This represents a $0.30 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Friday, April 3rd. View Limoneira's dividend history.

What price target have analysts set for LMNR?

3 analysts have issued twelve-month price objectives for Limoneira's stock. Their forecasts range from $16.00 to $20.00. On average, they anticipate Limoneira's stock price to reach $17.75 in the next year. This suggests a possible upside of 39.9% from the stock's current price. View analysts' price targets for Limoneira.

What are Wall Street analysts saying about Limoneira stock?

Here are some recent quotes from research analysts about Limoneira stock:

1. According to Zacks Investment Research, "Limoneira Company is an agribusiness and real estate development company. Its current operations consist of fruit production and marketing, real estate development and capital investment activities. Limoneira has three business segments: agribusiness, rental operations, and real estate development. The agribusiness segment includes its farming and lemon packing operations. The Company produces lemons, avocados, oranges, and other specialty crops. The rental operations segment includes housing, organic recycling, commercial and leased land operations. The real estate development segment includes its real estate projects and development. Limoneira Company is based in Santa Paula, California. " (2/21/2020)
2. National Securities analysts commented, " Well Positioned in Current and Future Agribusiness Market. As one of the largest domestic producers and distributors of lemons, Limoneira is well positioned to capture value as a leader in a market we believe to be a uniquely healthy segment within the agribusiness industry.
 Several Tailwinds in Its Addressable Market. With demand for the lemon crop coming from domestic buyers in the food service industry, we believe revenue growth is well protected from weakness in the grocery market and challenges from international trade.
 Recent Weakness a Perfect Storm. Through the first half of fiscal 2019, the company has faced pricing headwinds due to weather issues within all three major crops: lemons, avocados and oranges. We expect these pressures to subside in the second half of the year and into fiscal 2020.
 Non-Core Assets and Emerging Acreage Overlooked. A decade in the making real estate initiative is set to deliver what management believes could be $80 million in cash flows through the mid-2020’s. In addition, 1,500 acres of orchards are expected to transition to fruit bearing in 2021, which we believe could add upwards of $30 million in annualized revenue.
 Buy Opportunity for Value and Growth Investors Alike. We believe current price weakness will be temporary, and at current valuations shares present an attractive upside for value investors. With our estimated revenue CAGR in excess of 20% from fiscal 2018 through fiscal 2021, we also believe the stock should be considered by growth investors." (7/22/2019)

Has Limoneira been receiving favorable news coverage?

News articles about LMNR stock have been trending very positive on Monday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Limoneira earned a coverage optimism score of 4.0 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the next few days. View the latest news aboutLimoneira.

Who are some of Limoneira's key competitors?

Some companies that are related to Limoneira include Archer Daniels Midland (ADM), Ingredion (INGR), Bunge (BG), Darling Ingredients (DAR), Fresh Del Monte Produce (FDP), Alico (ALCO) and Griffin Industrial Realty (GRIF). View all competitors.

What other stocks do shareholders of Limoneira own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Limoneira investors own include Two Rivers Water and Farming (TURV), Energy Transfer LP Unit (ET), Ford Motor (F), CBL & Associates Properties (CBL), Martin Midstream Partners (MMLP), AT&T (T), Arlington Asset Investment (AI), Cornerstone Total Return Fund (CRF), IBM (IBM) and Medley Capital (MCC).

Who are Limoneira's key executives?

Limoneira's management team includes the following people:

Mr. Harold S. Edwards, Pres, CEO & Director (Age 53)
Mr. Mark Palamountain, CFO, Treasurer & Corp. Sec. (Age 43)
Mr. Alex M. Teague, Sr. VP (Age 55)
Mr. Donald P. Delmatoff, Director of Compliance & Special Projects (Age 70)
Mr. John Chamberlain, VP of Marketing

What is Limoneira's stock symbol?

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

Who are Limoneira's major shareholders?

Limoneira's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Global Alpha Capital Management Ltd. (9.50%), BlackRock Inc. (6.10%), Ashford Capital Management Inc. (5.64%), Deprince Race & Zollo Inc. (1.92%), State Street Corp (1.62%) and Teton Advisors Inc. (1.29%). Company insiders that own Limoneira stock include Alex M Teague, Calavo Growers Inc, Elizabeth Blanchard Chess, Harold S Edwards, John WH Merriman, Mark Palamountain and Robert M Sawyer. View institutional ownership trends for Limoneira.

Which major investors are selling Limoneira stock?

LMNR stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, UBS Group AG, State Street Corp, First Trust Advisors LP, Everett Harris & Co. CA, Deutsche Bank AG, and Parallel Advisors LLC. Company insiders that have sold Limoneira company stock in the last year include Elizabeth Blanchard Chess, Harold S Edwards, John WH Merriman, Mark Palamountain, and Robert M Sawyer. View insider buying and selling activity for Limoneira.

Which major investors are buying Limoneira stock?

LMNR stock was bought by a variety of institutional investors in the last quarter, including Global Alpha Capital Management Ltd., Eaton Vance Management, Deprince Race & Zollo Inc., First Wilshire Securities Management Inc., CWM LLC, White Pine Capital LLC, Gamco Investors INC. ET AL, and Geode Capital Management LLC. View insider buying and selling activity for Limoneira.

How do I buy shares of Limoneira?

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

What is Limoneira's stock price today?

One share of LMNR stock can currently be purchased for approximately $12.69.

How big of a company is Limoneira?

Limoneira has a market capitalization of $226.64 million and generates $171.40 million in revenue each year. The company earns $-5,940,000.00 in net income (profit) each year or ($0.45) on an earnings per share basis. Limoneira employs 286 workers across the globe.

What is Limoneira's official website?

The official website for Limoneira is www.limoneira.com.

How can I contact Limoneira?

Limoneira's mailing address is 1141 CUMMINGS ROAD, SANTA PAULA CA, 93060. The company can be reached via phone at 805-525-5541 or via email at [email protected]

This page was last updated on 5/25/2020 by MarketBeat.com Staff