Limoneira (NASDAQ:LMNR) issued an update on its FY 2019 earnings guidance on Monday morning. The company provided earnings per share guidance of $-0.22–0.12 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.19.
LMNR has been the topic of several analyst reports. ValuEngine raised shares of Limoneira from a buy rating to a strong-buy rating in a research report on Saturday, August 31st. BidaskClub downgraded Limoneira from a hold rating to a sell rating in a research report on Saturday, August 31st. Lake Street Capital reissued a buy rating and set a $25.00 price objective (down previously from $28.00) on shares of Limoneira in a research report on Thursday, June 13th. Stephens downgraded Limoneira from an overweight rating to an equal weight rating and decreased their target price for the company from $25.00 to $18.00 in a research note on Tuesday, May 14th. Finally, Zacks Investment Research lowered Limoneira from a hold rating to a strong sell rating in a report on Thursday. Two analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Limoneira has an average rating of Buy and an average price target of $26.60.
Shares of NASDAQ:LMNR traded down $0.81 on Monday, hitting $18.55. 158,100 shares of the company were exchanged, compared to its average volume of 66,458. The company’s 50 day moving average price is $18.89 and its two-hundred day moving average price is $20.98. The firm has a market capitalization of $344.03 million, a price-to-earnings ratio of 37.10 and a beta of 1.07. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.96 and a current ratio of 1.04. Limoneira has a one year low of $17.05 and a one year high of $33.42.
Limoneira (NASDAQ:LMNR) last released its earnings results on Monday, June 10th. The company reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.02. Limoneira had a net margin of 2.22% and a negative return on equity of 0.26%. The business had revenue of $42.04 million during the quarter, compared to analysts’ expectations of $43.54 million. Research analysts predict that Limoneira will post -0.17 earnings per share for the current year.
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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