Limoneira (NASDAQ:LMNR) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $0.55-0.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.64. Limoneira also updated its FY17 guidance to $0.40-0.44 EPS.

Several research firms have recently commented on LMNR. Roth Capital set a $28.00 price objective on shares of Limoneira and gave the company a buy rating in a report on Friday. Zacks Investment Research downgraded shares of Limoneira from a buy rating to a hold rating in a report on Friday, August 25th. Finally, BidaskClub downgraded shares of Limoneira from a buy rating to a hold rating in a report on Thursday, December 7th.

Limoneira (NASDAQ:LMNR) traded up $0.10 during mid-day trading on Tuesday, hitting $22.25. 51,200 shares of the stock traded hands, compared to its average volume of 35,384. The stock has a market cap of $323.68, a P/E ratio of 41.02 and a beta of 1.06. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.74 and a quick ratio of 0.61. Limoneira has a fifty-two week low of $16.39 and a fifty-two week high of $26.06.

Limoneira (NASDAQ:LMNR) last announced its quarterly earnings results on Monday, September 11th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.01). Limoneira had a return on equity of 6.64% and a net margin of 7.42%. The firm had revenue of $40.40 million for the quarter, compared to analysts’ expectations of $37.94 million. During the same period last year, the company posted $0.71 earnings per share. The business’s quarterly revenue was up 1.3% on a year-over-year basis. equities analysts forecast that Limoneira will post 0.52 earnings per share for the current year.

In related news, insider Harold S. Edwards sold 6,652 shares of the stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $23.00, for a total transaction of $152,996.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ronald L. Michaelis sold 1,500 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $23.58, for a total transaction of $35,370.00. Following the sale, the director now directly owns 9,686 shares in the company, valued at $228,395.88. The disclosure for this sale can be found here. Insiders have sold 8,155 shares of company stock worth $188,437 over the last three months. 5.70% of the stock is currently owned by insiders.

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About Limoneira

Limoneira Company is engaged in agribusiness and real estate development. The Company’s operations consist of fruit production, sales and marketing, rental operations, real estate development and capital investment activities. The Company’s segments include lemon operations, other agribusiness, rental operations and real estate development.

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