Limoneira (NASDAQ:LMNR) Posts Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Limoneira (NASDAQ:LMNR) posted its earnings results on Tuesday. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.08), FiscalAI reports. The company had revenue of $23.93 million for the quarter, compared to the consensus estimate of $21.42 million. Limoneira had a negative net margin of 15.55% and a negative return on equity of 12.19%.

Limoneira Stock Performance

LMNR stock traded up $0.22 on Tuesday, reaching $12.10. The company’s stock had a trading volume of 67,070 shares, compared to its average volume of 78,317. Limoneira has a 52 week low of $11.66 and a 52 week high of $17.19. The company has a market capitalization of $219.13 million, a P/E ratio of -9.45 and a beta of 0.30. The firm has a fifty day moving average of $12.90 and a two-hundred day moving average of $13.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.16 and a quick ratio of 1.08.

Hedge Funds Weigh In On Limoneira

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC bought a new position in Limoneira in the 4th quarter worth approximately $154,000. Beartown Capital Management LLC bought a new position in Limoneira in the 4th quarter worth approximately $163,000. Russell Investments Group Ltd. grew its holdings in Limoneira by 7.9% in the 4th quarter. Russell Investments Group Ltd. now owns 27,642 shares of the company’s stock worth $349,000 after buying an additional 2,028 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Limoneira by 8.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 54,148 shares of the company’s stock worth $684,000 after buying an additional 4,294 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Limoneira by 26.8% in the 4th quarter. Wells Fargo & Company MN now owns 28,778 shares of the company’s stock worth $363,000 after buying an additional 6,085 shares in the last quarter. 64.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LMNR. Zacks Research raised Limoneira from a “strong sell” rating to a “hold” rating in a report on Friday, February 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Limoneira in a report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.50.

Limoneira Company Profile

Limoneira Company (NASDAQ: LMNR), founded in 1893 and based in Santa Paula, California, is a diversified agribusiness and real estate enterprise. As one of the oldest citrus producers in the United States, Limoneira has built a reputation for cultivating and marketing high-quality citrus fruits, avocados and specialty crops. The company’s vertically integrated model encompasses farming, packing, processing and marketing activities designed to deliver fresh produce to domestic and international markets.

In its agricultural operations, Limoneira specializes in lemons, oranges and avocados, employing modern irrigation, harvesting and packing technologies to maintain consistent product quality and supply.