Limoneira (LMNR) Stock Price, News & Analysis

Company Overview

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. It has approximately 3,500 acres of lemons planted primarily in Ventura, Tulare, San Luis Obispo, and San Bernardino Counties in California; and Jujuy, Argentina, as well in Yuma County, Arizona, and La Serena, Chile; 1,200 acres of avocados planted in Ventura County; 100 acres of oranges planted in Tulare County, California; and 400 acres of specialty citrus and other crops. In addition, the company rents residential housing units and commercial office buildings, as well as leases approximately 400 acres of its land to third-party agricultural tenants. Further, it is involved in the organic recycling operations; and development of land parcels, multi-family housing, and single-family homes. The company markets and sells its lemons directly to food service, wholesale, and retail customers; avocados, oranges, specialty citrus, and other crops to third-party packinghouses; and wine grapes to wine producers. Limoneira Company was founded in 1893 and is headquartered in Santa Paula, California.

Key Stats

• Today's Range: $25.28 to $26.93
• 50-Day Range: $25.36 to $28.91
• 52-Week Range: $17.37 to $29.22
• Volume: 180,508 shs
• Average Volume: 45,439 shs
• Market Capitalization: $474.77 million
• P/E Ratio: 90.69
• Dividend Yield: 1.14%
• Price Target: $25.33
• Consensus Rating: Moderate Buy

Limoneira Stock Analysis - MarketRank™

Limoneira scored higher than 65% of companies evaluated by MarketBeat, and ranked 83rd out of 148 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Limoneira has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Limoneira has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: -45.00%

Earnings Growth

Earnings for Limoneira are expected to decrease by -45.00% in the coming year, from $0.40 to $0.22 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Limoneira is 90.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.04.

Price to Earnings Ratio vs. Sector

The P/E ratio of Limoneira is 90.69, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 21.96.

Price to Book Value per Share Ratio

Limoneira has a P/B Ratio of 2.49. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.79% of the float of Limoneira has been sold short.

Short Interest Ratio / Days to Cover

Limoneira has a short interest ratio ("days to cover") of 6.

Change versus previous month

Short interest in Limoneira has recently decreased by 11.81%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Limoneira pays a meaningful dividend of 1.12%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Limoneira does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Limoneira is 103.45%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Limoneira will have a dividend payout ratio of 136.36% in the coming year. This indicates that Limoneira may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 4.3 / 5
• Environmental Score: -2.50

Percentage of Shares Shorted

1.79% of the float of Limoneira has been sold short.

Short Interest Ratio / Days to Cover

Limoneira has a short interest ratio ("days to cover") of 6.

Change versus previous month

Short interest in Limoneira has recently decreased by 11.81%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.70

News Sentiment

Limoneira has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Staples companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Limoneira this week, compared to 1 article on an average week.

Search Interest

Only 1 people have searched for LMNR on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Limoneira insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 8.95% of the stock of Limoneira is held by insiders.

Percentage Held by Institutions

64.35% of the stock of Limoneira is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LMNR Stock Analysis - Frequently Asked Questions

How have LMNR shares performed this year?

Limoneira's stock was trading at $20.63 at the beginning of 2024. Since then, LMNR stock has increased by 27.5% and is now trading at $26.30.
View the best growth stocks for 2024 here.

How were Limoneira's earnings last quarter?

Limoneira (NASDAQ:LMNR) issued its quarterly earnings results on Thursday, March, 7th. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.05. The firm earned $39.73 million during the quarter, compared to the consensus estimate of $39.07 million. Limoneira had a trailing twelve-month return on equity of 3.97% and a net margin of 3.24%.

Who are Limoneira's major shareholders?

Limoneira's top institutional shareholders include Global Alpha Capital Management Ltd. (18.28%), Old West Investment Management LLC (2.61%), Geode Capital Management LLC (2.08%) and State Street Corp (1.73%). Insiders that own company stock include Harold S Edwards, Mark Palamountain, Scott S Slater, Alex M Teague, Donald R Rudkin and Jose De Jesus Loza.
View institutional ownership trends.

How do I buy shares of Limoneira?

Shares of LMNR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Limoneira own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Limoneira investors own include Tesla (TSLA), JPMorgan Chase & Co. (JPM), Advanced Micro Devices (AMD), Netflix (NFLX), NVIDIA (NVDA), Meta Platforms (META) and Visa (V).

Company Calendar

• Last Earnings: 3/07/2024
• Ex-Dividend for 10/18 Dividend: 10/07/2024
• Dividend Payable: 10/18/2024
• Today: 12/21/2024
• Ex-Dividend for 1/15 Dividend: 12/30/2024
• Dividend Payable: 1/15/2025
• Fiscal Year End: 10/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Staples
• Industry: Agricultural production - crops
• Sub-Industry: Agricultural Products
• Current Symbol: NASDAQ:LMNR
• CUSIP: 53274610
• CIK: 1342423
• Web: www.limoneira.com
• Phone: (805) 525-5541
• Fax: 513-389-4634
• Employees: 260
• Year Founded: 1893

Price Target and Rating

• Average Stock Price Target: $25.33
• High Stock Price Target: $28.00
• Low Stock Price Target: $23.00
• Potential Upside/Downside: -3.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.29
• Trailing P/E Ratio: 90.69
• Forward P/E Ratio: 65.75
• P/E Growth: N/A
• Net Income: $9.40 million
• Net Margins: 3.24%
• Pretax Margin: 4.40%
• Return on Equity: 3.97%
• Return on Assets: 2.44%

Debt

• Debt-to-Equity Ratio: 0.21
• Current Ratio: 0.93
• Quick Ratio: 0.84

Sales & Book Value

• Annual Sales: $189.08 million
• Price / Sales: 2.51
• Cash Flow: $0.05 per share
• Price / Cash Flow: 501.01
• Book Value: $10.55 per share
• Price / Book: 2.49

Miscellaneous

• Outstanding Shares: 18,052,000
• Free Float: 16,436,000
• Market Cap: $474.77 million
• Optionable: Optionable
• Beta: 0.49