Limoneira (NASDAQ:LMNR) Issues Earnings Results, Misses Estimates By $0.01 EPS

Limoneira (NASDAQ:LMNR) announced its quarterly earnings data on Monday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01), Zacks reports. Limoneira had a net margin of 3.24% and a return on equity of 3.97%.

Limoneira Stock Up 2.0 %

Shares of LMNR stock traded up $0.53 during mid-day trading on Monday, hitting $26.83. The stock had a trading volume of 116,164 shares, compared to its average volume of 45,715. The firm has a market capitalization of $484.34 million, a P/E ratio of 92.52 and a beta of 0.49. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.93 and a quick ratio of 0.84. Limoneira has a 12-month low of $17.37 and a 12-month high of $29.22. The firm’s 50-day moving average is $27.01 and its two-hundred day moving average is $24.27.

Limoneira Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 30th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.30 annualized dividend and a yield of 1.12%. Limoneira’s dividend payout ratio (DPR) is currently 103.45%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LMNR shares. Lake Street Capital reaffirmed a “hold” rating and set a $25.00 target price on shares of Limoneira in a research note on Tuesday, September 10th. StockNews.com upgraded Limoneira from a “sell” rating to a “hold” rating in a research report on Wednesday, September 11th. Finally, B. Riley raised their price target on Limoneira from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Limoneira currently has a consensus rating of “Moderate Buy” and an average target price of $25.33.

About Limoneira

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, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes.