According to Zacks, “Limoneira Company is an agribusiness and real estate development company. Its current operations consist of fruit production and marketing, real estate development and capital investment activities. Limoneira has three business segments: agribusiness, rental operations, and real estate development. The agribusiness segment includes its farming and lemon packing operations. The Company produces lemons, avocados, oranges, and other specialty crops. The rental operations segment includes housing, organic recycling, commercial and leased land operations. The real estate development segment includes its real estate projects and development. Limoneira Company is based in Santa Paula, California. “
Several other analysts have also weighed in on LMNR. ValuEngine lowered Limoneira from a strong-buy rating to a buy rating in a research note on Tuesday, February 4th. BidaskClub lowered Limoneira from a buy rating to a hold rating in a research note on Saturday, December 21st. Finally, National Securities reaffirmed a buy rating and issued a $30.00 price objective on shares of Limoneira in a research note on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $23.75.
NASDAQ:LMNR opened at $19.37 on Friday. The stock’s 50-day simple moving average is $20.22 and its 200 day simple moving average is $19.34. The firm has a market capitalization of $350.24 million, a PE ratio of -52.35, a price-to-earnings-growth ratio of 3.59 and a beta of 0.98. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 0.48. Limoneira has a twelve month low of $17.05 and a twelve month high of $25.65.
Limoneira (NASDAQ:LMNR) last released its quarterly earnings data on Monday, January 13th. The company reported ($0.24) earnings per share for the quarter, meeting the consensus estimate of ($0.24). The business had revenue of $36.48 million for the quarter, compared to analyst estimates of $24.78 million. Limoneira had a negative return on equity of 3.43% and a negative net margin of 3.47%. On average, analysts anticipate that Limoneira will post 0.37 EPS for the current fiscal year.
In other Limoneira news, CEO Harold S. Edwards sold 2,000 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $20.24, for a total value of $40,480.00. Insiders sold 8,223 shares of company stock worth $167,831 over the last ninety days. 3.90% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. US Bancorp DE bought a new position in Limoneira in the fourth quarter valued at about $31,000. Clear Harbor Asset Management LLC bought a new position in Limoneira in the fourth quarter valued at about $38,000. Bank of Montreal Can raised its position in Limoneira by 45.0% in the fourth quarter. Bank of Montreal Can now owns 1,986 shares of the company’s stock valued at $38,000 after purchasing an additional 616 shares during the last quarter. Metropolitan Life Insurance Co NY raised its position in Limoneira by 17.3% in the third quarter. Metropolitan Life Insurance Co NY now owns 5,188 shares of the company’s stock valued at $95,000 after purchasing an additional 764 shares during the last quarter. Finally, Barclays PLC raised its position in Limoneira by 103.3% in the fourth quarter. Barclays PLC now owns 15,675 shares of the company’s stock valued at $301,000 after purchasing an additional 7,964 shares during the last quarter. Hedge funds and other institutional investors own 54.85% of the company’s stock.
Limoneira Company Profile
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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