Limoneira (NASDAQ:LMNR - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported ($0.18) earnings per share for the quarter, topping analysts' consensus estimates of ($0.24) by $0.06, Zacks reports. The firm had revenue of $34.31 million during the quarter, compared to analysts' expectations of $40.70 million. Limoneira had a return on equity of 4.34% and a net margin of 4.03%.
Limoneira Stock Performance
LMNR stock traded down $0.49 during midday trading on Friday, reaching $18.02. The stock had a trading volume of 84,887 shares, compared to its average volume of 48,431. The stock has a market cap of $325.17 million, a PE ratio of 47.46 and a beta of 0.46. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.69 and a current ratio of 0.74. The firm has a fifty day simple moving average of $22.73 and a two-hundred day simple moving average of $25.12. Limoneira has a 52-week low of $17.88 and a 52-week high of $29.22.
Limoneira Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were paid a $0.075 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.30 dividend on an annualized basis and a yield of 1.66%. Limoneira's dividend payout ratio (DPR) is 73.17%.
Analyst Ratings Changes
A number of analysts have recently weighed in on LMNR shares. Lake Street Capital lowered their price objective on Limoneira from $25.00 to $23.00 and set a "hold" rating for the company in a research report on Thursday. StockNews.com upgraded Limoneira from a "sell" rating to a "hold" rating in a research note on Thursday.
Check Out Our Latest Research Report on Limoneira
About Limoneira
(
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Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes.
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