Limoneira (NASDAQ:LMNR) Earning Somewhat Favorable Press Coverage, Analysis Shows
News stories about Limoneira (NASDAQ:LMNR) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Limoneira earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.0714615402753 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several equities analysts recently weighed in on LMNR shares. Roth Capital reaffirmed a “buy” rating and set a $26.50 price objective on shares of Limoneira in a research report on Wednesday, June 7th. Zacks Investment Research raised shares of Limoneira from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday, June 27th.
Limoneira (NASDAQ:LMNR) opened at 22.19 on Tuesday. Limoneira has a 12 month low of $15.87 and a 12 month high of $24.00. The company has a market cap of $319.65 million, a price-to-earnings ratio of 27.46 and a beta of 0.89. The company’s 50-day moving average is $22.45 and its 200 day moving average is $19.87.
Limoneira (NASDAQ:LMNR) last released its quarterly earnings results on Thursday, June 8th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. Limoneira had a return on equity of 9.09% and a net margin of 9.82%. The firm had revenue of $36.89 million during the quarter, compared to the consensus estimate of $33.31 million. During the same quarter in the prior year, the firm posted $0.08 EPS. The business’s revenue was up 34.8% on a year-over-year basis. Equities analysts forecast that Limoneira will post $0.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 18th. Shareholders of record on Monday, July 10th were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $0.22 dividend on an annualized basis and a yield of 0.99%. This is an increase from Limoneira’s previous quarterly dividend of $0.05. Limoneira’s dividend payout ratio is 28.21%.
In other Limoneira news, Director Elizabeth Blanchard Chess sold 3,506 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $23.43, for a total transaction of $82,145.58. Following the completion of the transaction, the director now owns 1,616 shares of the company’s stock, valued at approximately $37,862.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ronald L. Michaelis sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $22.70, for a total value of $34,050.00. Following the transaction, the director now directly owns 9,686 shares of the company’s stock, valued at approximately $219,872.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,006 shares of company stock valued at $181,356. Insiders own 5.70% of the company’s stock.
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.
Receive News & Ratings for Limoneira Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limoneira Co and related companies with MarketBeat.com's FREE daily email newsletter.