Limoneira (LMNR) Issues Quarterly Earnings Results

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.

LMNR has been the subject of several recent analyst reports. BidaskClub cut Limoneira from a “buy” rating to a “hold” rating in a report on Saturday, November 17th. ValuEngine cut Limoneira from a “buy” rating to a “hold” rating in a report on Friday, November 30th. Roth Capital set a $28.00 price target on Limoneira and gave the company a “buy” rating in a report on Thursday, December 20th. Zacks Investment Research cut Limoneira from a “hold” rating to a “strong sell” rating in a report on Saturday, December 22nd. Finally, Stephens initiated coverage on Limoneira in a report on Tuesday, January 8th. They issued an “overweight” rating for the company. Two research analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. Limoneira presently has a consensus rating of “Buy” and an average target price of $29.50.

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About Limoneira

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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Earnings History for Limoneira (NASDAQ:LMNR)

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