Limoneira (NASDAQ:LMNR) Issues Earnings Results

Limoneira (NASDAQ:LMNR) issued its quarterly earnings data on Wednesday. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.01), Zacks reports. Limoneira had a return on equity of 4.34% and a net margin of 4.03%.

Limoneira Trading Up 0.5 %

Shares of LMNR traded up $0.11 during trading hours on Wednesday, hitting $21.36. 68,314 shares of the stock traded hands, compared to its average volume of 50,545. The business has a fifty day moving average of $22.91 and a 200-day moving average of $25.19. The firm has a market capitalization of $385.44 million, a PE ratio of 56.21 and a beta of 0.46. Limoneira has a 1-year low of $18.39 and a 1-year high of $29.22. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 0.21.

Limoneira Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were paid a $0.075 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.30 annualized dividend and a dividend yield of 1.40%. Limoneira’s dividend payout ratio (DPR) is currently 78.95%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Limoneira from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th.

Limoneira Company Profile

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.