Analysts Expect Limoneira (NASDAQ:LMNR) to Post $0.07 Earnings Per Share

Wall Street analysts expect Limoneira (NASDAQ:LMNRGet Rating) to report earnings per share (EPS) of $0.07 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Limoneira’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.10. Limoneira reported earnings of $0.10 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 30%. The firm is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that Limoneira will report full year earnings of ($0.14) per share for the current financial year, with EPS estimates ranging from ($0.22) to ($0.03). For the next fiscal year, analysts forecast that the company will post earnings of $0.22 per share, with EPS estimates ranging from $0.14 to $0.38. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Limoneira.

Limoneira (NASDAQ:LMNRGet Rating) last posted its quarterly earnings results on Thursday, March 10th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.11). Limoneira had a negative return on equity of 2.84% and a negative net margin of 3.44%. The company had revenue of $39.27 million for the quarter, compared to the consensus estimate of $38.89 million. During the same quarter in the previous year, the business earned ($0.25) earnings per share.

Several equities research analysts have weighed in on LMNR shares. Zacks Investment Research raised shares of Limoneira from a “sell” rating to a “hold” rating in a research report on Thursday, January 13th. Stifel Nicolaus dropped their target price on shares of Limoneira from $20.00 to $16.00 and set a “buy” rating for the company in a report on Monday, March 14th. Lake Street Capital reduced their price target on Limoneira from $23.00 to $19.00 in a report on Friday, March 11th. Finally, assumed coverage on Limoneira in a report on Thursday, March 31st. They issued a “sell” rating for the company.

Shares of Limoneira stock traded down $0.07 on Tuesday, hitting $12.52. The stock had a trading volume of 969 shares, compared to its average volume of 58,497. The company has a quick ratio of 1.14, a current ratio of 1.28 and a debt-to-equity ratio of 0.79. Limoneira has a one year low of $12.29 and a one year high of $20.74. The stock’s 50-day simple moving average is $13.90 and its two-hundred day simple moving average is $14.90. The stock has a market cap of $221.25 million, a price-to-earnings ratio of -34.86 and a beta of 1.00.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Tuesday, April 5th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Monday, April 4th. Limoneira’s dividend payout ratio is currently -83.33%.

In other news, Director Jose De Jesus Loza acquired 21,300 shares of the stock in a transaction on Monday, March 14th. The stock was acquired at an average price of $12.80 per share, with a total value of $272,640.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.83% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC bought a new stake in shares of Limoneira during the fourth quarter valued at approximately $36,000. Nisa Investment Advisors LLC bought a new position in shares of Limoneira during the fourth quarter valued at $39,000. Citigroup Inc. boosted its position in shares of Limoneira by 123.1% during the fourth quarter. Citigroup Inc. now owns 3,994 shares of the company’s stock valued at $60,000 after buying an additional 2,204 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in Limoneira by 421.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 3,835 shares of the company’s stock worth $62,000 after buying an additional 3,100 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in Limoneira in the 4th quarter worth about $65,000. 48.26% of the stock is currently owned by institutional investors and hedge funds.

About Limoneira (Get Rating)

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.

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