Limoneira (NASDAQ:LMNR) Announces Earnings Results, Misses Estimates By $0.37 EPS

Limoneira (NASDAQ:LMNR) posted its quarterly earnings data on Tuesday. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.37), Zacks reports. Limoneira had a negative net margin of 5.69% and a negative return on equity of 5.01%. The business had revenue of $42.82 million during the quarter, compared to analysts’ expectations of $35.35 million. During the same period in the previous year, the business 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 Performance

Shares of LMNR opened at $13.86 on Wednesday. The company has a market capitalization of $250.17 million, a price-to-earnings ratio of -25.20 and a beta of 0.41. Limoneira has a 52-week low of $12.69 and a 52-week high of $25.57. The company has a quick ratio of 1.66, a current ratio of 1.80 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average price of $14.11 and a 200 day moving average price of $14.95.

Limoneira Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LMNR. BNP Paribas Financial Markets raised its stake in Limoneira by 64.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,699 shares of the company’s stock worth $27,000 after acquiring an additional 668 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Limoneira during the third quarter worth about $151,000. Walleye Capital LLC acquired a new stake in shares of Limoneira during the second quarter worth about $220,000. Bridgeway Capital Management LLC acquired a new stake in shares of Limoneira during the third quarter worth about $235,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Limoneira in the 1st quarter valued at about $256,000. Institutional investors and hedge funds own 64.35% of the company’s stock.

Wall Street Analysts Forecast Growth

LMNR has been the topic of several recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Limoneira in a report on Monday. Stephens assumed coverage on Limoneira in a research report on Friday, September 12th. They set an “equal weight” rating and a $18.00 price objective for the company. Roth Capital restated a “buy” rating on shares of Limoneira in a research note on Monday, September 15th. Finally, Zacks Research upgraded shares of 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. According to MarketBeat, Limoneira currently has a consensus rating of “Hold” and an average target price of $20.50.

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.