Limoneira (NASDAQ:LMNR) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share guidance of $(0.12)-(0.22) for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.30. Limoneira also updated its Q3 guidance to $(0.02)-0.02 EPS.
A number of research firms recently commented on LMNR. National Securities began coverage on Limoneira in a research note on Monday, July 22nd. They issued a buy rating and a $30.00 price target for the company. Lake Street Capital reiterated a buy rating and issued a $25.00 price target (down from $28.00) on shares of Limoneira in a research note on Thursday, June 13th. BidaskClub upgraded Limoneira from a sell rating to a hold rating in a research note on Friday, August 23rd. TheStreet downgraded Limoneira from a b- rating to a c+ rating in a research note on Tuesday, June 11th. Finally, Stephens downgraded Limoneira from an overweight rating to an equal weight rating and decreased their price target for the stock from $25.00 to $18.00 in a research note on Tuesday, May 14th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of Buy and an average price target of $26.60.
LMNR stock traded down $0.57 during midday trading on Thursday, reaching $17.63. The company had a trading volume of 1,226 shares, compared to its average volume of 48,616. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average price of $19.01 and a 200 day moving average price of $21.18. Limoneira has a fifty-two week low of $18.03 and a fifty-two week high of $33.42. The firm has a market capitalization of $323.41 million, a PE ratio of 35.42, a P/E/G ratio of 4.41 and a beta of 1.08.
Limoneira (NASDAQ:LMNR) last issued its earnings results on Monday, June 10th. The company reported ($0.09) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.02. Limoneira had a negative return on equity of 0.26% and a net margin of 2.22%. The company had revenue of $42.04 million during the quarter, compared to the consensus estimate of $43.54 million. Research analysts predict that Limoneira will post 0.28 EPS 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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