Limoneira Co (NASDAQ:LMNR) Receives Average Recommendation of “Hold” from Brokerages

Shares of Limoneira Co (NASDAQ:LMNR) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $18.00.

LMNR has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Limoneira in a research report on Wednesday, June 24th. HC Wainwright cut Limoneira to a “buy” rating in a research report on Wednesday, June 10th. Finally, Lake Street Capital reduced their price objective on Limoneira from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, June 10th.

Hedge Funds Weigh In On Limoneira

Several institutional investors have recently added to or reduced their stakes in LMNR. First Wilshire Securities Management Inc. boosted its stake in Limoneira by 122.2% in the first quarter. First Wilshire Securities Management Inc. now owns 578,059 shares of the company’s stock valued at $7,758,000 after acquiring an additional 317,872 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Limoneira by 5.6% in the 2nd quarter. Geode Capital Management LLC now owns 397,720 shares of the company’s stock worth $6,226,000 after purchasing an additional 20,913 shares during the period. Gamco Investors INC. ET AL lifted its stake in Limoneira by 7.7% in the first quarter. Gamco Investors INC. ET AL now owns 293,200 shares of the company’s stock valued at $3,935,000 after purchasing an additional 21,000 shares during the last quarter. Riverwater Partners LLC grew its holdings in Limoneira by 7.1% during the fourth quarter. Riverwater Partners LLC now owns 261,428 shares of the company’s stock valued at $3,301,000 after purchasing an additional 17,422 shares during the period. Finally, Peapod Lane Capital LLC increased its position in Limoneira by 44.5% in the fourth quarter. Peapod Lane Capital LLC now owns 208,547 shares of the company’s stock worth $2,633,000 after buying an additional 64,178 shares during the last quarter. Institutional investors own 64.35% of the company’s stock.

Limoneira Price Performance

LMNR opened at $13.45 on Thursday. Limoneira has a 1 year low of $11.66 and a 1 year high of $16.62. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.68 and a quick ratio of 1.53. The company has a market capitalization of $243.85 million, a price-to-earnings ratio of -5.90 and a beta of 0.30. The firm’s fifty day moving average price is $13.06 and its two-hundred day moving average price is $13.42.

Limoneira (NASDAQ:LMNR) last released its quarterly earnings results on Tuesday, June 9th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.08). Limoneira had a negative return on equity of 13.94% and a negative net margin of 30.50%.The firm had revenue of $23.93 million for the quarter, compared to analysts’ expectations of $21.42 million. As a group, analysts anticipate that Limoneira will post -0.47 earnings per share for the current fiscal year.

About Limoneira

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.