Equities analysts predict that Limoneira (NASDAQ:LMNR) will post sales of $25.05 million for the current quarter, according to Zacks. Two analysts have made estimates for Limoneira’s earnings, with the highest sales estimate coming in at $26.90 million and the lowest estimate coming in at $23.20 million. Limoneira posted sales of $14.71 million in the same quarter last year, which suggests a positive year over year growth rate of 70.3%. The firm is expected to issue its next earnings report on Monday, January 13th.
On average, analysts expect that Limoneira will report full year sales of $159.66 million for the current financial year, with estimates ranging from $157.50 million to $161.82 million. For the next year, analysts anticipate that the firm will post sales of $201.25 million, with estimates ranging from $197.00 million to $205.50 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Limoneira.
Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded Limoneira from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Tuesday, November 5th. BidaskClub downgraded Limoneira from a “hold” rating to a “sell” rating in a report on Thursday. National Securities assumed coverage on Limoneira in a report on Monday, July 22nd. They set a “buy” rating and a $30.00 price objective on the stock. Finally, ValuEngine upgraded Limoneira from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Limoneira has a consensus rating of “Buy” and a consensus target price of $24.40.
Shares of LMNR traded down $0.05 during trading hours on Thursday, reaching $18.52. 17,300 shares of the company traded hands, compared to its average volume of 65,339. The stock has a market capitalization of $333.24 million, a PE ratio of 37.04, a price-to-earnings-growth ratio of 2.01 and a beta of 1.06. The company has a quick ratio of 1.11, a current ratio of 1.29 and a debt-to-equity ratio of 0.48. Limoneira has a fifty-two week low of $17.05 and a fifty-two week high of $25.70. The stock has a fifty day simple moving average of $18.59 and a 200 day simple moving average of $19.50.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, October 7th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.30 annualized dividend and a yield of 1.62%. Limoneira’s dividend payout ratio is presently 60.00%.
A number of hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in shares of Limoneira by 18.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,296 shares of the company’s stock worth $83,000 after acquiring an additional 668 shares in the last quarter. Bank of Montreal Can grew its position in shares of Limoneira by 132,800.0% in the 2nd quarter. Bank of Montreal Can now owns 1,329 shares of the company’s stock worth $27,000 after acquiring an additional 1,328 shares in the last quarter. Aperio Group LLC acquired a new position in shares of Limoneira in the 2nd quarter worth approximately $41,000. Rhumbline Advisers grew its position in shares of Limoneira by 10.2% in the 3rd quarter. Rhumbline Advisers now owns 22,678 shares of the company’s stock worth $416,000 after acquiring an additional 2,104 shares in the last quarter. Finally, Deprince Race & Zollo Inc. grew its position in shares of Limoneira by 0.6% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 423,003 shares of the company’s stock worth $8,435,000 after acquiring an additional 2,329 shares in the last quarter. Institutional investors own 52.60% of the company’s stock.
Limoneira Company Profile
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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