Analysts expect that Limoneira (NASDAQ:LMNR) will announce earnings of ($0.19) per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Limoneira’s earnings. The lowest EPS estimate is ($0.20) and the highest is ($0.18). Limoneira also reported earnings per share of ($0.19) during the same quarter last year. The company is expected to issue its next earnings results on Monday, January 14th.

According to Zacks, analysts expect that Limoneira will report full year earnings of $0.66 per share for the current fiscal year, with EPS estimates ranging from $0.65 to $0.67. For the next fiscal year, analysts forecast that the company will report earnings of $0.93 per share, with EPS estimates ranging from $0.91 to $0.95. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Limoneira.

Limoneira (NASDAQ:LMNR) last announced its earnings results on Monday, September 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.05). The company had revenue of $39.95 million for the quarter, compared to the consensus estimate of $37.68 million. Limoneira had a return on equity of 6.46% and a net margin of 15.91%.

Several brokerages recently commented on LMNR. ValuEngine raised shares of Limoneira from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Buckingham Research lifted their target price on shares of Limoneira from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, September 11th. BidaskClub raised shares of Limoneira from a “buy” rating to a “strong-buy” rating in a report on Friday, June 22nd. Zacks Investment Research raised shares of Limoneira from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. Finally, Stifel Nicolaus began coverage on shares of Limoneira in a report on Thursday, June 28th. They set a “buy” rating and a $30.00 target price for the company. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $29.50.

In other Limoneira news, Director John W.H. Merriman sold 2,200 shares of Limoneira stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $28.01, for a total value of $61,622.00. Following the completion of the sale, the director now owns 1,218 shares in the company, valued at approximately $34,116.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.50% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of LMNR. Advisors Asset Management Inc. raised its stake in Limoneira by 6,350.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,039,403 shares of the company’s stock worth $603,000 after purchasing an additional 1,023,289 shares in the last quarter. Global Alpha Capital Management Ltd. raised its stake in Limoneira by 31.8% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 1,238,844 shares of the company’s stock worth $30,488,000 after purchasing an additional 299,000 shares in the last quarter. Cortina Asset Management LLC acquired a new stake in Limoneira in the 2nd quarter worth about $6,925,000. Deprince Race & Zollo Inc. acquired a new stake in Limoneira in the 2nd quarter worth about $5,533,000. Finally, Northpointe Capital LLC acquired a new stake in Limoneira in the 2nd quarter worth about $3,156,000. Institutional investors and hedge funds own 42.18% of the company’s stock.

Shares of LMNR stock traded up $0.39 during midday trading on Wednesday, hitting $25.68. 86,500 shares of the company were exchanged, compared to its average volume of 85,597. The company has a market capitalization of $461.35 million, a price-to-earnings ratio of 59.93, a PEG ratio of 2.65 and a beta of 0.86. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.81 and a current ratio of 0.99. Limoneira has a 52 week low of $19.62 and a 52 week high of $33.42.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 17th. Investors of record on Monday, October 8th will be issued a dividend of $0.0625 per share. This is an increase from Limoneira’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $0.25 annualized dividend and a dividend yield of 0.97%. Limoneira’s payout ratio is presently 59.52%.

Limoneira Company Profile

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. The Fresh Lemons segment markets and sells lemons directly to food service, wholesale, and retail customers.

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