Limoneira Director Ronald L. Michaelis Unloads 1,500 Shares (LMNR)
Limoneira (NASDAQ:LMNR) Director Ronald L. Michaelis unloaded 1,500 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $22.81, for a total transaction of $34,215.00. Following the completion of the transaction, the director now directly owns 4,045 shares of the company’s stock, valued at approximately $92,266. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Limoneira (NASDAQ:LMNR) traded down 1.74% during mid-day trading on Thursday, hitting $22.57. The stock had a trading volume of 60,462 shares. Limoneira has a 1-year low of $18.54 and a 1-year high of $27.41. The stock’s 50-day moving average is $22.53 and its 200-day moving average is $23.66. The company has a market cap of $317.1 million and a P/E ratio of 47.75.
Limoneira (NASDAQ:LMNR) last posted its quarterly earnings results on Monday, March 10th. The company reported ($0.09) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.16) by $0.07. The company had revenue of $25.90 million for the quarter, compared to the consensus estimate of $15.93 million. During the same quarter last year, the company posted ($0.28) earnings per share. Analysts expect that Limoneira will post $0.35 EPS for the current fiscal year.
LMNR has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Limoneira from an “underperform” rating to a “neutral” rating in a research note on Tuesday, March 11th. They now have a $23.80 price target on the stock.
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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