Limoneira (LMNR) Lowered to Sell at BidaskClub

Limoneira (NASDAQ:LMNR) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday.

Several other equities research analysts have also recently weighed in on LMNR. Roth Capital set a $28.00 price target on shares of Limoneira and gave the stock a “buy” rating in a research report on Friday, December 8th. Zacks Investment Research cut shares of Limoneira from a “hold” rating to a “sell” rating in a research report on Saturday, December 23rd.

Shares of Limoneira (NASDAQ:LMNR) traded up $0.34 on Thursday, reaching $21.57. 34,800 shares of the company traded hands, compared to its average volume of 52,994. Limoneira has a 12 month low of $16.39 and a 12 month high of $26.06. The company has a market capitalization of $305.82, a PE ratio of 55.31 and a beta of 1.06. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.74 and a quick ratio of 0.61.

Limoneira (NASDAQ:LMNR) last announced its quarterly earnings results on Monday, January 8th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.01. Limoneira had a net margin of 7.42% and a return on equity of 6.64%. The company had revenue of $15.90 million for the quarter, compared to analysts’ expectations of $15.60 million. During the same quarter in the previous year, the business posted ($0.01) earnings per share. Limoneira’s quarterly revenue was down 18.5% on a year-over-year basis. analysts anticipate that Limoneira will post 0.41 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of LMNR. Schwab Charles Investment Management Inc. increased its position in Limoneira by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 40,677 shares of the company’s stock valued at $962,000 after acquiring an additional 228 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Limoneira by 4.1% in the second quarter. Rhumbline Advisers now owns 13,838 shares of the company’s stock worth $327,000 after purchasing an additional 545 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Limoneira by 14.3% in the second quarter. Bank of New York Mellon Corp now owns 82,421 shares of the company’s stock worth $1,948,000 after purchasing an additional 10,314 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Limoneira by 9.1% in the second quarter. Wells Fargo & Company MN now owns 9,093 shares of the company’s stock worth $215,000 after purchasing an additional 757 shares during the last quarter. Finally, Teachers Advisors LLC grew its holdings in shares of Limoneira by 14.5% in the second quarter. Teachers Advisors LLC now owns 22,038 shares of the company’s stock worth $521,000 after purchasing an additional 2,799 shares during the last quarter. Institutional investors and hedge funds own 27.47% of the company’s stock.

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Limoneira Company Profile

Limoneira Company is engaged in agribusiness and real estate development. The Company’s operations consist of fruit production, sales and marketing, rental operations, real estate development and capital investment activities. The Company’s segments include lemon operations, other agribusiness, rental operations and real estate development.

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