Limoneira (LMNR) Announces Quarterly Earnings, Beats Estimates By $0.04 EPS
Limoneira (NASDAQ:LMNR) released its earnings data on Monday. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04, American Banking & Market News reports.
In other Limoneira news, Director Ronald L. Michaelis unloaded 1,500 shares of the stock on the open market in a transaction dated Monday, June 2nd. The shares were sold at an average price of $23.23, for a total value of $34,845.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Limoneira (NASDAQ:LMNR) traded up 1.05% during mid-day trading on Monday, hitting $23.18. 29,986 shares of the company’s stock traded hands. Limoneira has a one year low of $19.00 and a one year high of $27.41. The stock has a 50-day moving average of $22.49 and a 200-day moving average of $23.00. The company has a market cap of $325.7 million and a P/E ratio of 47.69.
On a related note, 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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