Limoneira Director Unloads $46,000 in Stock (LMNR)
Limoneira (NASDAQ:LMNR) Director John W. Blanchard sold 2,000 shares of Limoneira stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $23.00, for a total value of $46,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Separately, 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 (NASDAQ:LMNR) opened at 22.98 on Wednesday. Limoneira has a 52 week low of $18.98 and a 52 week high of $27.41. The stock’s 50-day moving average is $22.27 and its 200-day moving average is $23.06. The company has a market cap of $322.9 million and a P/E ratio of 47.65.
Limoneira (NASDAQ:LMNR) last posted its quarterly earnings results on Monday, March 10th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted ($0.28) earnings per share. Analysts expect that Limoneira will post $0.35 EPS for the current fiscal year.
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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