Key Points
- CFO Gregory Hamm sold 1,000 Limoneira shares at an average price of $11.90, receiving $11,900. The transaction was made under a pre-arranged Rule 10b5-1 trading plan, leaving him with 84,812 shares.
- Limoneira’s latest quarterly results fell short of expectations, with EPS of $0.02 versus the $0.19 consensus and revenue of $43.81 million versus $49.62 million expected. Analysts anticipate a full-year loss of $0.73 per share.
- LMNR shares opened at $11.99, near their 12-month low of $11.66, while analysts maintained a consensus “Hold” rating and a $16.50 target price; institutional investors own 64.35% of the stock.
Limoneira Co (NASDAQ:LMNR - Get Free Report) CFO Gregory Hamm sold 1,000 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $11.90, for a total value of $11,900.00. Following the completion of the sale, the chief financial officer owned 84,812 shares of the company's stock, valued at $1,009,262.80. The trade was a 1.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Limoneira Stock Performance
Shares of Limoneira stock opened at $11.99 on Friday. Limoneira Co has a 12 month low of $11.66 and a 12 month high of $15.43. The company has a quick ratio of 1.44, a current ratio of 1.51 and a debt-to-equity ratio of 0.67. The stock has a market cap of $217.40 million, a PE ratio of -5.02 and a beta of 0.34. The business has a fifty day simple moving average of $13.44 and a 200-day simple moving average of $13.19.
Limoneira (NASDAQ:LMNR - Get Free Report) last announced its quarterly earnings data on Wednesday, September 9th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.17). The business had revenue of $43.81 million during the quarter, compared to analysts' expectations of $49.62 million. Limoneira had a negative return on equity of 13.91% and a negative net margin of 33.03%. On average, sell-side analysts anticipate that Limoneira Co will post -0.73 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. Lake Street Capital dropped their price objective on shares of Limoneira from $18.00 to $16.50 and set a "buy" rating on the stock in a research note on Thursday, September 10th. Weiss Ratings lowered shares of Limoneira from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Thursday, September 24th. HC Wainwright cut shares of Limoneira to a "buy" rating in a report on Wednesday, June 10th. Finally, Wall Street Zen raised shares of Limoneira from a "strong sell" rating to a "sell" rating in a research note on Saturday, September 5th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $16.50.
View Our Latest Research Report on LMNR
Institutional Investors Weigh In On Limoneira
Several institutional investors have recently made changes to their positions in LMNR. BlackRock Inc. bought a new stake in shares of Limoneira in the 2nd quarter valued at approximately $15,065,000. First Wilshire Securities Management Inc. raised its position in 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 acquiring an additional 317,872 shares in the last quarter. SFE Investment Counsel acquired a new stake in Limoneira in the second quarter valued at approximately $788,000. Bank of New York Mellon Corp acquired a new stake in Limoneira in the second quarter valued at approximately $659,000. Finally, Flax Pond Capital LLC bought a new stake in Limoneira in the fourth quarter worth approximately $2,145,000. 64.35% of the stock is currently owned by institutional investors and hedge funds.
Limoneira Company Profile
(
Get Free Report)
Limoneira Company (NASDAQ:LMNR) is an agribusiness company that grows, packages, markets and distributes fresh citrus and avocados. Its primary products include lemons, avocados, oranges and other specialty citrus, which are sold to retailers, foodservice operators, wholesalers and other commercial customers.
Founded in 1893 and headquartered in Santa Paula, California, Limoneira manages agricultural land and orchards in California and Arizona, as well as international growing operations in Chile.
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