Limoneira Co. (LMNR) Stock Price Down 7.4%
Limoneira Co. (NASDAQ:LMNR) traded down 7.4% during trading on Thursday . The stock traded as low as $15.87 and last traded at $16.33, with a volume of 90,603 shares traded. The stock had previously closed at $17.64.
Separately, Zacks Investment Research upgraded shares of Limoneira from a “strong sell” rating to a “hold” rating in a research note on Monday, June 13th.
The company has a 50 day moving average of $18.10 and a 200 day moving average of $16.16. The company has a market cap of $244.15 million and a PE ratio of 92.09.
Limoneira (NASDAQ:LMNR) last released its quarterly earnings data on Thursday, June 9th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.14. The business had revenue of $27.40 million for the quarter, compared to the consensus estimate of $28.40 million. During the same period in the prior year, the company posted $0.17 EPS. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. Equities research analysts predict that Limoneira Co. will post $0.33 earnings per share for the current fiscal year.
Limoneira Company is an agribusiness and real estate development company. The Company’s operations consist of fruit production, sales and marketing, rental operations, real estate development and capital investment activities. The Company has three business segments: agribusiness, rental operations and real estate development.
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