Analysts Expect Limoneira (NASDAQ:LMNR) Will Announce Earnings of $0.03 Per Share

Brokerages expect Limoneira (NASDAQ:LMNR) to announce $0.03 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Limoneira’s earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at $0.02. Limoneira posted earnings of ($0.30) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 110%. The business is scheduled to issue its next earnings results on Monday, January 13th.

According to Zacks, analysts expect that Limoneira will report full-year earnings of ($0.19) per share for the current fiscal year, with EPS estimates ranging from ($0.21) to ($0.18). For the next fiscal year, analysts forecast that the company will report earnings of $0.62 per share, with EPS estimates ranging from $0.57 to $0.65. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Limoneira.

Several analysts have recently weighed in on the company. ValuEngine raised Limoneira from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 31st. 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. BidaskClub lowered Limoneira from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Zacks Investment Research raised 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Limoneira currently has an average rating of “Buy” and an average target price of $24.40.

Shares of LMNR traded down $0.05 during midday trading on Tuesday, reaching $18.52. 17,300 shares of the stock were exchanged, compared to its average volume of 65,339. Limoneira has a 12-month low of $17.05 and a 12-month high of $25.70. The company has a market cap of $333.24 million, a price-to-earnings ratio of 37.04, a P/E/G ratio of 2.01 and a beta of 1.06. The firm has a 50 day simple moving average of $18.59 and a 200-day simple moving average of $19.50. The company has a quick ratio of 1.11, a current ratio of 1.29 and a debt-to-equity ratio of 0.48.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, October 7th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.62%. The ex-dividend date was Friday, October 4th. Limoneira’s dividend payout ratio is 60.00%.

A number of hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP boosted its stake in Limoneira by 29.8% in the 3rd quarter. First Trust Advisors LP now owns 34,674 shares of the company’s stock valued at $637,000 after buying an additional 7,963 shares in the last quarter. Teton Advisors Inc. boosted its stake in Limoneira by 32.0% in the 3rd quarter. Teton Advisors Inc. now owns 218,465 shares of the company’s stock valued at $4,011,000 after buying an additional 52,920 shares in the last quarter. California Public Employees Retirement System boosted its stake in Limoneira by 13.8% in the 3rd quarter. California Public Employees Retirement System now owns 22,200 shares of the company’s stock valued at $408,000 after buying an additional 2,700 shares in the last quarter. Rhumbline Advisers boosted its stake in Limoneira by 10.2% in the third quarter. Rhumbline Advisers now owns 22,678 shares of the company’s stock worth $416,000 after purchasing an additional 2,104 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in Limoneira by 35.8% in the second quarter. Royal Bank of Canada now owns 36,290 shares of the company’s stock valued at $724,000 after purchasing an additional 9,570 shares during the last quarter. 52.60% of the stock is currently owned by institutional investors and hedge funds.

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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