Limoneira (NASDAQ:LMNR) posted its quarterly earnings results on Tuesday. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.05), Fidelity Earnings reports. The business had revenue of $42.02 million during the quarter, compared to analysts’ expectations of $44.74 million. Limoneira had a net margin of 4.91% and a return on equity of 3.79%. Limoneira updated its FY 2019 guidance to $0.75-0.85 EPS.
Shares of NASDAQ:LMNR opened at $24.73 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.15 and a quick ratio of 0.95. Limoneira has a 1 year low of $18.07 and a 1 year high of $33.42. The stock has a market cap of $405.48 million, a PE ratio of 49.46, a PEG ratio of 1.92 and a beta of 0.99.
Large investors have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY grew its holdings in shares of Limoneira by 369.1% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,424 shares of the company’s stock worth $86,000 after purchasing an additional 3,481 shares during the period. Atlas Capital Advisors LLC purchased a new stake in shares of Limoneira during the 3rd quarter worth about $108,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Limoneira during the 4th quarter worth about $123,000. Bank of Montreal Can grew its holdings in shares of Limoneira by 6,740.2% during the 3rd quarter. Bank of Montreal Can now owns 5,951 shares of the company’s stock worth $155,000 after purchasing an additional 5,864 shares during the period. Finally, Citigroup Inc. grew its holdings in shares of Limoneira by 149.1% during the 4th quarter. Citigroup Inc. now owns 10,200 shares of the company’s stock worth $199,000 after purchasing an additional 6,105 shares during the period. Institutional investors and hedge funds own 51.16% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This news story was originally posted by WKRB News and is owned by of WKRB News. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://www.wkrb13.com/2019/03/14/limoneira-lmnr-issues-quarterly-earnings-results.html.
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.
Further Reading: How the Consumer Price Index (CPI) is calculated?
Receive News & Ratings for Limoneira Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limoneira and related companies with MarketBeat.com's FREE daily email newsletter.