Limoneira (NASDAQ:LMNR) updated its FY 2019 earnings guidance on Monday. The company provided EPS guidance of $0.25-0.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.57.
A number of research firms recently issued reports on LMNR. BidaskClub lowered Limoneira from a sell rating to a strong sell rating in a research report on Wednesday, May 22nd. ValuEngine upgraded Limoneira from a hold rating to a buy rating in a research report on Wednesday, May 15th. Zacks Investment Research lowered Limoneira from a hold rating to a sell rating in a research report on Wednesday, May 15th. Lake Street Capital set a $28.00 price objective on Limoneira and gave the company a buy rating in a research report on Tuesday, May 14th. Finally, Stephens lowered Limoneira from an overweight rating to an equal weight rating and reduced their price objective for the company from $25.00 to $18.00 in a research report on Tuesday, May 14th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $27.20.
LMNR stock traded up $0.20 during trading on Monday, reaching $19.15. 124,440 shares of the company’s stock were exchanged, compared to its average volume of 67,475. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.38. Limoneira has a 1-year low of $18.07 and a 1-year high of $33.42. The firm has a market capitalization of $336.79 million, a PE ratio of 38.30, a price-to-earnings-growth ratio of 2.24 and a beta of 1.07.
Limoneira (NASDAQ:LMNR) last announced its quarterly earnings results on Tuesday, March 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.05). Limoneira had a return on equity of 3.73% and a net margin of 4.91%. The business had revenue of $42.02 million for the quarter, compared to analyst estimates of $44.74 million. Equities research analysts predict that Limoneira will post 0.56 earnings per share for the current fiscal year.
In other news, Director Robert M. Sawyer sold 1,250 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $24.28, for a total value of $30,350.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John W.H. Merriman sold 1,811 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $24.09, for a total value of $43,626.99. Following the completion of the sale, the director now directly owns 2,011 shares in the company, valued at approximately $48,444.99. The disclosure for this sale can be found here. Insiders have sold a total of 7,672 shares of company stock valued at $179,285 in the last quarter. 4.50% of the stock is currently owned by insiders.
A hedge fund recently raised its stake in Limoneira stock. Geode Capital Management LLC lifted its position in Limoneira (NASDAQ:LMNR) by 8.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 161,903 shares of the company’s stock after buying an additional 11,996 shares during the period. Geode Capital Management LLC owned approximately 0.91% of Limoneira worth $3,165,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 54.06% of the company’s stock.
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Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates in six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons.
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