Limoneira Co (NASDAQ:LMNR) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Limoneira Co (NASDAQ:LMNR) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $18.00.

A number of research firms recently commented on LMNR. Lake Street Capital lowered their price objective on shares of Limoneira from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, June 10th. HC Wainwright downgraded Limoneira to a “buy” rating in a research report on Wednesday, June 10th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Limoneira in a research note on Wednesday, June 24th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LMNR. First Wilshire Securities Management Inc. lifted its holdings in shares of Limoneira by 122.2% during the first quarter. First Wilshire Securities Management Inc. now owns 578,059 shares of the company’s stock valued at $7,758,000 after purchasing an additional 317,872 shares during the last quarter. SFE Investment Counsel purchased a new position in Limoneira in the 2nd quarter worth about $788,000. Flax Pond Capital LLC acquired a new stake in Limoneira during the 4th quarter worth about $2,145,000. Marquette Asset Management LLC acquired a new stake in Limoneira during the 2nd quarter worth about $608,000. Finally, Everett Harris & Co. CA purchased a new stake in Limoneira during the second quarter valued at about $155,000. Institutional investors own 64.35% of the company’s stock.

Limoneira Stock Performance

Shares of LMNR opened at $13.85 on Monday. The firm has a market capitalization of $251.10 million, a PE ratio of -6.07 and a beta of 0.30. The company has a quick ratio of 1.53, a current ratio of 1.68 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average price of $13.43 and a 200 day moving average price of $13.36. Limoneira has a 52-week low of $11.66 and a 52-week high of $16.62.

Limoneira (NASDAQ:LMNR) last released its quarterly earnings results on Tuesday, June 9th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.08). The company had revenue of $23.93 million for the quarter, compared to the consensus estimate of $21.42 million. Limoneira had a negative return on equity of 13.94% and a negative net margin of 30.50%. On average, sell-side analysts anticipate that Limoneira will post -0.47 earnings per share for the current fiscal year.

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.