Key Points
- CFO Gregory Hamm sold 1,000 shares for $10,710 under a pre-arranged Rule 10b5-1 plan, reducing his direct stake by 1.18% to 83,812 shares.
- Limoneira shares were reported down 5.5%, opening at $10.06—near the 52-week low of $10.05.
- The company missed quarterly estimates, reporting EPS of $0.02 versus $0.19 expected and revenue of $43.81 million versus $49.62 million expected. Analysts’ average rating was Hold, with a consensus price target of $16.50.
Limoneira Co (NASDAQ:LMNR - Get Free Report) CFO Gregory Hamm sold 1,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $10.71, for a total transaction of $10,710.00. Following the transaction, the chief financial officer directly owned 83,812 shares in the company, valued at $897,626.52. The trade was a 1.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Limoneira Stock Down 5.5%
NASDAQ:LMNR opened at $10.06 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.44 and a current ratio of 1.51. The company has a market capitalization of $182.39 million, a price-to-earnings ratio of -4.21 and a beta of 0.36. Limoneira Co has a one year low of $10.05 and a one year high of $15.43. The stock has a 50-day simple moving average of $12.39 and a 200 day simple moving average of $13.18.
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). Limoneira had a negative net margin of 33.03% and a negative return on equity of 13.91%. The firm had revenue of $43.81 million for the quarter, compared to analyst estimates of $49.62 million. Sell-side analysts predict that Limoneira Co will post -0.73 EPS for the current fiscal year.
Institutional Investors Weigh In On Limoneira
Several institutional investors and hedge funds have recently bought and sold shares of LMNR. BlackRock Inc. bought a new position in shares of Limoneira during the second quarter valued at approximately $15,065,000. First Wilshire Securities Management Inc. raised its position in shares of Limoneira by 122.2% during the 1st quarter. First Wilshire Securities Management Inc. now owns 578,059 shares of the company's stock worth $7,758,000 after purchasing an additional 317,872 shares during the period. Gamco Investors INC. ET AL lifted its holdings in shares of Limoneira by 7.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 293,200 shares of the company's stock worth $3,935,000 after purchasing an additional 21,000 shares during the last quarter. Flax Pond Capital LLC lifted its holdings in shares of Limoneira by 0.7% in the 1st quarter. Flax Pond Capital LLC now owns 171,132 shares of the company's stock worth $2,297,000 after purchasing an additional 1,224 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of Limoneira by 91.7% in the 1st quarter. Quantinno Capital Management LP now owns 62,758 shares of the company's stock worth $842,000 after purchasing an additional 30,020 shares during the last quarter. Institutional investors and hedge funds own 64.35% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on LMNR. Zacks Research downgraded Limoneira from a "hold" rating to a "strong sell" rating in a report on Monday, October 12th. Lake Street Capital reduced their price objective on 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 raised shares of Limoneira from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, October 9th. Finally, Wall Street Zen raised shares of Limoneira from a "strong sell" rating to a "sell" rating in a report on Saturday, September 5th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, Limoneira has an average rating of "Hold" and a consensus price target of $16.50.
View Our Latest Stock Report on LMNR
Limoneira Company Profile
(
Get Free Report)
Limoneira Company is an agribusiness and real estate development company headquartered in Santa Paula, California. Founded in 1893, the company is one of the oldest and largest lemon producers in the United States and owns or manages agricultural land primarily in California and Arizona.
Limoneira grows, packs, markets and distributes lemons, avocados, oranges and other specialty citrus products. Its operations include orchard management, harvesting, packing and fresh-produce marketing, with products sold through retailers, foodservice providers and other commercial customers in the United States and international markets.
In addition to its agricultural activities, Limoneira owns land and pursues real estate development projects connected to its properties.
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