Limoneira (NASDAQ:LMNR) Announces Quarterly Earnings Results

Limoneira (NASDAQ:LMNR) released its quarterly earnings data on Tuesday. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.08), FiscalAI reports. The business had revenue of $23.93 million during the quarter, compared to the consensus estimate of $21.42 million. Limoneira had a negative net margin of 15.55% and a negative return on equity of 12.19%.

Limoneira Stock Performance

LMNR stock traded up $0.22 during midday trading on Tuesday, reaching $12.10. 92,877 shares of the company were exchanged, compared to its average volume of 78,435. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.16 and a quick ratio of 1.08. The business has a 50-day moving average price of $12.90 and a two-hundred day moving average price of $13.53. Limoneira has a one year low of $11.66 and a one year high of $17.19. The firm has a market capitalization of $219.13 million, a price-to-earnings ratio of -9.45 and a beta of 0.30.

Analyst Ratings Changes

A number of research firms have commented on LMNR. Zacks Research raised shares of Limoneira from a “strong sell” rating to a “hold” rating in a research report on Friday, February 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Limoneira in a research report on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Limoneira has an average rating of “Hold” and an average price target of $18.50.

Hedge Funds Weigh In On Limoneira

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LMNR. Qube Research & Technologies Ltd boosted its position in Limoneira by 515.4% during 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 during the period. JPMorgan Chase & Co. boosted its position in shares of Limoneira by 248.7% in the second quarter. JPMorgan Chase & Co. now owns 44,238 shares of the company’s stock valued at $692,000 after acquiring an additional 31,552 shares during the period. Geode Capital Management LLC boosted its position in shares of Limoneira by 5.6% in the second quarter. Geode Capital Management LLC now owns 397,720 shares of the company’s stock valued at $6,226,000 after acquiring an additional 20,913 shares during the period. Jane Street Group LLC bought a new stake in shares of Limoneira in the first quarter valued at about $335,000. Finally, Squarepoint Ops LLC boosted its position in shares of Limoneira by 52.8% in the second quarter. Squarepoint Ops LLC now owns 52,108 shares of the company’s stock valued at $815,000 after acquiring an additional 18,005 shares during the period. 64.35% of the stock is owned by institutional investors.

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.