Limoneira (NASDAQ:LMNR) Announces Quarterly Earnings Results

Limoneira (NASDAQ:LMNR) released its earnings results on Tuesday. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.37), Zacks reports. The business had revenue of $42.82 million for the quarter, compared to analyst estimates of $35.35 million. Limoneira had a negative return on equity of 5.01% and a negative net margin of 5.69%.During the same quarter in the previous year, the firm posted ($0.09) EPS.

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 Down 3.8%

LMNR traded down $0.54 during trading on Tuesday, reaching $13.86. 194,044 shares of the stock were exchanged, compared to its average volume of 68,595. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.66 and a current ratio of 1.80. The stock’s 50 day moving average price is $14.11 and its two-hundred day moving average price is $14.95. The stock has a market cap of $250.17 million, a P/E ratio of -25.20 and a beta of 0.41. Limoneira has a twelve month low of $12.69 and a twelve month high of $25.57.

Limoneira Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Tuesday, December 30th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.2%. The ex-dividend date is Tuesday, December 30th. Limoneira’s payout ratio is presently -54.55%.

Analyst Ratings Changes

A number of brokerages recently commented on LMNR. Weiss Ratings restated a “sell (d)” rating on shares of Limoneira in a research note on Monday. Roth Capital reaffirmed a “buy” rating on shares of Limoneira in a research report on Monday, September 15th. Stephens initiated coverage on Limoneira in a research note on Friday, September 12th. They issued an “equal weight” rating and a $18.00 price objective for the company. Finally, Zacks Research raised Limoneira from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $20.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC grew its stake in shares of Limoneira by 68.8% in the 2nd quarter. Jane Street Group LLC now owns 31,879 shares of the company’s stock worth $499,000 after buying an additional 12,989 shares during the last quarter. Squarepoint Ops LLC grew its holdings in Limoneira by 52.8% during the second quarter. Squarepoint Ops LLC now owns 52,108 shares of the company’s stock valued at $815,000 after purchasing an additional 18,005 shares during the period. Qube Research & Technologies Ltd increased its stake in shares of Limoneira by 515.4% in the second quarter. Qube Research & Technologies Ltd now owns 74,124 shares of the company’s stock worth $1,160,000 after purchasing an additional 62,080 shares in the last quarter. American Century Companies Inc. lifted its holdings in Limoneira by 3.8% in the 2nd quarter. American Century Companies Inc. now owns 36,690 shares of the company’s stock worth $574,000 after purchasing an additional 1,359 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Limoneira by 29.5% during the 2nd quarter. Rhumbline Advisers now owns 24,943 shares of the company’s stock valued at $390,000 after purchasing an additional 5,682 shares during the last quarter. Institutional investors and hedge funds own 64.35% of the company’s stock.

About Limoneira

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes.