Equities research analysts expect Limoneira (NASDAQ:LMNR) to report $0.03 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Limoneira’s earnings. The lowest EPS estimate is $0.02 and the highest is $0.03. Limoneira posted earnings of ($0.30) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 110%. The firm is scheduled to report its next earnings report on Monday, January 13th.
On average, analysts expect that Limoneira will report full-year earnings of ($0.19) per share for the current financial year, with EPS estimates ranging from ($0.21) to ($0.18). For the next year, analysts expect that the business will report earnings of $0.62 per share, with EPS estimates ranging from $0.57 to $0.65. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Limoneira.
LMNR has been the topic of several research reports. Zacks Investment Research raised Limoneira from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Tuesday, November 5th. BidaskClub downgraded Limoneira from a “hold” rating to a “sell” rating in a research report on Thursday. National Securities initiated coverage on Limoneira in a research report on Monday, July 22nd. They issued a “buy” rating and a $30.00 target price on the stock. Finally, ValuEngine raised Limoneira from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Limoneira has a consensus rating of “Buy” and a consensus price target of $24.40.
Shares of LMNR stock traded down $0.05 on Tuesday, hitting $18.52. 17,300 shares of the stock were exchanged, compared to its average volume of 65,339. Limoneira has a fifty-two week low of $17.05 and a fifty-two week high of $25.70. The business has a 50-day moving average of $18.59 and a 200 day moving average of $19.50. The company has a current ratio of 1.29, a quick ratio of 1.11 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $333.24 million, a P/E ratio of 37.04, a price-to-earnings-growth ratio of 2.01 and a beta of 1.06.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Monday, October 7th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Friday, October 4th. Limoneira’s payout ratio is 60.00%.
Institutional investors have recently bought and sold shares of the company. Teton Advisors Inc. grew its position in shares of Limoneira by 18.7% in the second quarter. Teton Advisors Inc. now owns 165,545 shares of the company’s stock valued at $3,301,000 after purchasing an additional 26,070 shares during the last quarter. Stephens Investment Management Group LLC grew its position in Limoneira by 2.5% during the second quarter. Stephens Investment Management Group LLC now owns 617,862 shares of the company’s stock worth $12,320,000 after buying an additional 14,954 shares in the last quarter. AXA grew its position in Limoneira by 4.2% during the second quarter. AXA now owns 238,137 shares of the company’s stock worth $4,748,000 after buying an additional 9,507 shares in the last quarter. Morgan Stanley grew its position in Limoneira by 3.5% during the second quarter. Morgan Stanley now owns 83,713 shares of the company’s stock worth $1,669,000 after buying an additional 2,832 shares in the last quarter. Finally, BlackRock Inc. grew its position in Limoneira by 3.9% during the second quarter. BlackRock Inc. now owns 1,045,549 shares of the company’s stock worth $20,848,000 after buying an additional 39,164 shares in the last quarter. 52.60% of the stock is currently owned by institutional investors.
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.
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