Limoneira Co. (LMNR) Declares Quarterly Dividend of $0.04
Limoneira (NASDAQ:LMNR) announced a quarterly dividend on Thursday, September 26th, Analyst Ratings.Net reports. Stockholders of record on Monday, October 7th will be paid a dividend of $0.0375 per share on Tuesday, October 15th. This represents a $0.15 annualized dividend and a dividend yield of 0.58%.
On the ratings front, analysts at TheStreet upgraded shares of Limoneira (NASDAQ:LMNR) from a “hold” rating to a “buy” rating in a research note to investors on Friday, July 5th.
Shares of Limoneira (NASDAQ:LMNR) opened at 25.71 on Thursday. Limoneira has a 1-year low of $17.19 and a 1-year high of $27.00. The stock’s 50-day moving average is $22. and its 200-day moving average is $20.62. The company has a market cap of $342.2 million and a P/E ratio of 53.45.
Limoneira (NASDAQ:LMNR) last released its earnings data on Monday, September 9th. The company reported $0.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.05. The company had revenue of $29.90 million for the quarter, compared to the consensus estimate of $30.60 million. During the same quarter last year, the company posted $0.45 earnings per share. Analysts expect that Limoneira will post $0.54 EPS for the current fiscal year.
In other Limoneira news, SVP Alex M. Teague sold 7,837 shares of the stock on the open market in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $23.60, for a total transaction of $184,953.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Limoneira Company is an agribusiness and real estate development company. The Company’s operations consist of fruit production, sales and marketing, real estate development and capital investment activities.
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