Limoneira (NASDAQ:LMNR) Releases Earnings Results, Misses Expectations By $0.08 EPS

Limoneira (NASDAQ:LMNR) released its quarterly earnings data on Tuesday. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.08), FiscalAI reports. Limoneira had a negative return on equity of 13.47% and a negative net margin of 30.50%.The firm had revenue of $23.93 million during the quarter, compared to analyst estimates of $21.42 million.

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

• Management said second-quarter revenue and adjusted EBITDA beat expectations, and reiterated confidence in delivering positive adjusted EBITDA in the third and fourth quarters as the seasonally stronger half of the year begins.
• The company reported a quarterly net loss and an adjusted EBITDA loss, but results were weighed down by $23.8 million of non-cash charges tied to asset impairments, disposals, foreign exchange losses, and receivable allowances.
• Limoneira highlighted improving operating trends in lemons, with fresh utilization above 80% and lemon pricing now above $20 per carton, supported by the Sunkist partnership and its broader customer access.
• Avocado volumes were delayed into the second half to capture better pricing, and management raised full-year avocado guidance to 5.5 million-6.5 million pounds as production capacity continues to expand.
• The company continues to pursue multiple asset-monetization opportunities, including the $16 million Paso Robles vineyard sale, expected water-rights monetization in fiscal 2026, and roughly $155 million in projected real estate proceeds over the next five fiscal years.

Limoneira Stock Performance

LMNR stock opened at $13.18 on Thursday. The company has a market capitalization of $238.65 million, a P/E ratio of -5.78 and a beta of 0.30. The company has a 50-day simple moving average of $12.86 and a 200 day simple moving average of $13.52. Limoneira has a fifty-two week low of $11.66 and a fifty-two week high of $16.99. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 0.53.

Institutional Investors Weigh In On Limoneira

Several institutional investors have recently bought and sold shares of LMNR. BNP Paribas Financial Markets lifted 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 worth $27,000 after purchasing an additional 668 shares during the period. MetLife Investment Management LLC lifted its holdings in Limoneira by 45.0% in the fourth quarter. MetLife Investment Management LLC now owns 9,765 shares of the company’s stock worth $123,000 after purchasing an additional 3,029 shares during the period. EntryPoint Capital LLC acquired a new stake in Limoneira in the fourth quarter worth about $150,000. Envestnet Asset Management Inc. acquired a new stake in Limoneira in the third quarter worth about $151,000. Finally, Hsbc Holdings PLC acquired a new stake in Limoneira in the fourth quarter worth about $154,000. Institutional investors and hedge funds own 64.35% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on LMNR shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Limoneira in a report on Friday, March 27th. Zacks Research raised shares of Limoneira from a “strong sell” rating to a “hold” rating in a report on Friday, February 27th. Lake Street Capital dropped their price objective on shares of Limoneira from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, HC Wainwright cut shares of Limoneira to a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $18.00.

Limoneira Company Profile

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.