Limoneira (NASDAQ:LMNR - Get Free Report) announced its quarterly earnings data on Monday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.01), Zacks reports. Limoneira had a net margin of 3.24% and a return on equity of 3.97%. During the same period last year, the firm earned ($0.15) earnings per share.
Limoneira Stock Up 2.0 %
NASDAQ LMNR traded up $0.53 during trading hours on Monday, hitting $26.83. 118,108 shares of the company were exchanged, compared to its average volume of 45,733. Limoneira has a 52-week low of $17.37 and a 52-week high of $29.22. The company has a 50 day moving average of $27.01 and a two-hundred day moving average of $24.27. The firm has a market cap of $484.34 million, a price-to-earnings ratio of 92.52 and a beta of 0.49. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.21.
Limoneira Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 30th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.12%. Limoneira's payout ratio is currently 103.45%.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on LMNR shares. Lake Street Capital reissued a "hold" rating and issued a $25.00 target price on shares of Limoneira in a report on Tuesday, September 10th. B. Riley boosted their price objective on shares of Limoneira from $24.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, September 4th. Finally, StockNews.com upgraded shares of Limoneira from a "sell" rating to a "hold" rating in a report on Wednesday, September 11th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $25.33.
View Our Latest Analysis on Limoneira
About Limoneira
(
Get Free Report)
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.
Further Reading
Before you consider Limoneira, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Limoneira wasn't on the list.
While Limoneira currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
