Wall Street brokerages expect Limoneira (NASDAQ:LMNR) to post $0.53 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Limoneira’s earnings. The lowest EPS estimate is $0.52 and the highest is $0.53. Limoneira posted earnings per share of $0.52 in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.9%. The company is scheduled to announce its next earnings results after the market closes on Monday, September 10th.
On average, analysts expect that Limoneira will report full-year earnings of $0.68 per share for the current financial year, with EPS estimates ranging from $0.65 to $0.71. For the next fiscal year, analysts anticipate that the company will post earnings of $0.86 per share, with EPS estimates ranging from $0.70 to $0.95. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Limoneira.
Limoneira (NASDAQ:LMNR) last released its quarterly earnings data on Monday, June 11th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.02. Limoneira had a net margin of 15.53% and a return on equity of 7.15%. The firm had revenue of $43.14 million for the quarter, compared to the consensus estimate of $41.70 million.
A number of research analysts have weighed in on LMNR shares. Zacks Investment Research cut shares of Limoneira from a “hold” rating to a “sell” rating in a report on Wednesday, July 4th. Stephens began coverage on shares of Limoneira in a research report on Monday, June 25th. They set an “overweight” rating and a $30.00 price target on the stock. Buckingham Research boosted their price target on shares of Limoneira from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, June 12th. Lake Street Capital boosted their target price on shares of Limoneira to $30.00 and gave the company a “buy” rating in a report on Tuesday, June 12th. Finally, Stifel Nicolaus started coverage on shares of Limoneira in a report on Thursday, June 28th. They issued a “buy” rating and a $30.00 target price on the stock. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $29.00.
Several institutional investors and hedge funds have recently made changes to their positions in LMNR. Northpointe Capital LLC acquired a new stake in shares of Limoneira during the 2nd quarter worth about $3,156,000. Chicago Equity Partners LLC purchased a new stake in shares of Limoneira during the first quarter valued at approximately $297,000. State of New Jersey Common Pension Fund D raised its stake in shares of Limoneira by 4.6% during the first quarter. State of New Jersey Common Pension Fund D now owns 226,000 shares of the company’s stock valued at $5,363,000 after purchasing an additional 10,000 shares during the period. Stephens Inc. AR bought a new stake in shares of Limoneira in the second quarter worth $2,296,000. Finally, Cortina Asset Management LLC bought a new stake in shares of Limoneira in the second quarter worth $6,925,000. Institutional investors and hedge funds own 47.93% of the company’s stock.
Shares of Limoneira stock traded up $0.19 during trading on Thursday, hitting $31.40. 209,000 shares of the company’s stock were exchanged, compared to its average volume of 66,216. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.98 and a quick ratio of 0.90. Limoneira has a 52-week low of $19.62 and a 52-week high of $31.49. The stock has a market cap of $545.10 million, a PE ratio of 74.76, a price-to-earnings-growth ratio of 3.04 and a beta of 0.90.
Limoneira Company Profile
Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. The Fresh Lemons segment markets and sells lemons directly to food service, wholesale, and retail customers.
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