Limoneira (NASDAQ:LMNR) Issues Quarterly Earnings Results

Limoneira (NASDAQ:LMNR) released its earnings results on Tuesday, December 23rd. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.32), Zacks reports. Limoneira had a negative return on equity of 8.79% and a negative net margin of 10.01%.The firm had revenue of $42.82 million for the quarter, compared to analyst estimates of $35.35 million. During the same period last year, the business earned ($0.09) earnings per share.

Here are the key takeaways from Limoneira’s conference call:

• Management has repositioned Limoneira from a commodity lemon seller into a diversified business with a Sunkist partnership, expanding avocado acreage, a planned 50/50 organic recycling JV with Agromin, and ongoing real estate development (Harvest at Limoneira and Limco Del Mar) to create multiple profit centers.
• Company expects approximately $10 million of cost savings in fiscal 2026 (about a 50% reduction in SG&A), driven by the Sunkist sales/marketing transition and operational/storage efficiencies (marketing cost cut from ~$1.50 to $0.60 per carton).
• Fiscal 2025 results were weak: total net revenue declined to $159.7 million, operating loss was $20.4 million, and net loss applicable to common stock was $16.5 million, with Q4 adjusted EBITDA loss and $6.7 million of one-time transformation costs increasing near-term losses.
• Management is monetizing non-core assets (Chile sale of $15M complete; targeting ~$40M from vineyard/Argentina sales by end of FY2026) and pursuing water-rights monetization that could yield an additional $50–$70M by FY2027, though timing and execution remain uncertain.

Limoneira Stock Performance

Shares of NASDAQ LMNR traded down $0.14 during midday trading on Tuesday, hitting $14.11. 12,692 shares of the company’s stock were exchanged, compared to its average volume of 97,428. The company’s 50 day moving average price is $13.67 and its 200 day moving average price is $14.63. Limoneira has a 12 month low of $12.20 and a 12 month high of $23.64. The firm has a market capitalization of $255.58 million, a PE ratio of -15.23 and a beta of 0.39. The company has a quick ratio of 1.27, a current ratio of 1.35 and a debt-to-equity ratio of 0.40.

Limoneira Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Tuesday, December 30th were paid a dividend of $0.075 per share. The ex-dividend date was Tuesday, December 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.1%. Limoneira’s dividend payout ratio is currently -32.26%.

Analysts Set New Price Targets

LMNR has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Limoneira in a research report on Monday, December 29th. Zacks Research downgraded Limoneira from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 31st. Finally, Lake Street Capital started coverage on Limoneira in a research note on Wednesday, December 31st. They issued a “buy” rating and a $19.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $18.50.

Insider Activity at Limoneira

In related news, Director Scott S. Slater purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The stock was acquired at an average cost of $12.85 per share, for a total transaction of $64,250.00. Following the completion of the purchase, the director owned 64,447 shares in the company, valued at approximately $828,143.95. This represents a 8.41% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.85% of the company’s stock.

Institutional Trading of Limoneira

Several large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its holdings in Limoneira by 64.8% in the second quarter. BNP Paribas Financial Markets now owns 1,699 shares of the company’s stock valued at $27,000 after purchasing an additional 668 shares during the period. Envestnet Asset Management Inc. acquired a new stake in shares of Limoneira in the third quarter valued at about $151,000. Walleye Capital LLC bought a new position in shares of Limoneira during the second quarter worth about $220,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Limoneira during the first quarter worth about $256,000. Finally, Bridgeway Capital Management LLC acquired a new position in shares of Limoneira in the third quarter worth approximately $235,000. 64.35% of the stock is owned by institutional investors and hedge funds.

About Limoneira

Limoneira Company (NASDAQ: LMNR), founded in 1893 and based in Santa Paula, California, is a diversified agribusiness and real estate enterprise. As one of the oldest citrus producers in the United States, Limoneira has built a reputation for cultivating and marketing high-quality citrus fruits, avocados and specialty crops. The company’s vertically integrated model encompasses farming, packing, processing and marketing activities designed to deliver fresh produce to domestic and international markets.

In its agricultural operations, Limoneira specializes in lemons, oranges and avocados, employing modern irrigation, harvesting and packing technologies to maintain consistent product quality and supply.