$49.10 Million in Sales Expected for Limoneira (NASDAQ:LMNR) This Quarter

Equities analysts expect Limoneira (NASDAQ:LMNRGet Rating) to post $49.10 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Limoneira’s earnings, with the lowest sales estimate coming in at $41.30 million and the highest estimate coming in at $55.80 million. Limoneira reported sales of $45.13 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.8%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Limoneira will report full year sales of $172.49 million for the current financial year, with estimates ranging from $171.00 million to $174.18 million. For the next fiscal year, analysts anticipate that the company will report sales of $208.43 million, with estimates ranging from $194.20 million to $221.70 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Limoneira.

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

A number of research analysts have recently issued reports on LMNR shares. Lake Street Capital reduced their price target on shares of Limoneira from $23.00 to $19.00 in a research report on Friday, March 11th. Stifel Nicolaus lowered their target price on shares of Limoneira from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Monday, March 14th. StockNews.com began coverage on shares of Limoneira in a research note on Thursday, March 31st. They set a “sell” rating on the stock. Finally, Zacks Investment Research cut shares of Limoneira from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 4th.

In other Limoneira news, Director Jose De Jesus Loza bought 21,300 shares of the stock in a transaction that occurred on Monday, March 14th. The stock was acquired at an average cost of $12.80 per share, with a total value of $272,640.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 5.83% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC bought a new position in shares of Limoneira in the fourth quarter worth $740,000. Geode Capital Management LLC lifted its stake in shares of Limoneira by 0.6% in the third quarter. Geode Capital Management LLC now owns 248,975 shares of the company’s stock worth $4,025,000 after acquiring an additional 1,504 shares during the period. Goldman Sachs Group Inc. lifted its stake in Limoneira by 75.3% in the third quarter. Goldman Sachs Group Inc. now owns 26,300 shares of the company’s stock valued at $425,000 after buying an additional 11,293 shares during the period. Old West Investment Management LLC acquired a new position in Limoneira in the fourth quarter valued at approximately $2,026,000. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Limoneira by 29.4% during the third quarter. Gamco Investors INC. ET AL now owns 62,300 shares of the company’s stock valued at $1,007,000 after acquiring an additional 14,173 shares in the last quarter. 47.03% of the stock is owned by institutional investors.

Shares of LMNR stock opened at $11.06 on Wednesday. The firm has a market cap of $195.45 million, a P/E ratio of -30.72 and a beta of 1.05. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.28 and a quick ratio of 1.14. Limoneira has a 1-year low of $10.44 and a 1-year high of $20.74. The firm has a fifty day moving average of $12.92 and a two-hundred day moving average of $14.41.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Tuesday, April 5th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, April 4th. This represents a $0.30 annualized dividend and a yield of 2.71%. Limoneira’s dividend payout ratio (DPR) is -83.33%.

Limoneira Company Profile (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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Earnings History and Estimates for Limoneira (NASDAQ:LMNR)

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