Somewhat Favorable News Coverage Somewhat Unlikely to Affect Limoneira (LMNR) Stock Price
News headlines about Limoneira (NASDAQ:LMNR) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Limoneira earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 47.0429552710241 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern’s scoring:
- Limoneira Co (LMNR) Insider Sells $152,996.00 in Stock (americanbankingnews.com)
- Limoneira About To Put More Money In Your Pocket (LMNR) (thestreet.com)
- Insider Selling: Limoneira Co (LMNR) Director Sells $35,370.00 in Stock (americanbankingnews.com)
- ETFs with exposure to Limoneira Co. : September 29, 2017 (finance.yahoo.com)
- Limoneira Co (NASDAQ:LMNR) Stock Traded 9.1% Above Its 50 Day Moving Average – First News 24 (firstnewspaper24.com)
Limoneira (LMNR) traded down 2.21% during mid-day trading on Friday, hitting $22.53. The stock had a trading volume of 20,957 shares. The company has a market cap of $324.54 million, a price-to-earnings ratio of 38.71 and a beta of 0.89. The firm’s 50-day moving average is $22.42 and its 200 day moving average is $21.28. Limoneira has a 12 month low of $16.39 and a 12 month high of $24.50.
Limoneira (NASDAQ:LMNR) last posted its quarterly earnings data on Monday, September 11th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.01). The business had revenue of $40.40 million for the quarter, compared to the consensus estimate of $37.94 million. Limoneira had a net margin of 7.42% and a return on equity of 6.64%. Limoneira’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 EPS. Equities analysts anticipate that Limoneira will post $0.53 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Monday, October 9th will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, October 5th. Limoneira’s dividend payout ratio is 37.29%.
A number of analysts have recently weighed in on the company. Zacks Investment Research downgraded Limoneira from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. BidaskClub downgraded Limoneira from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th.
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In related news, Director Ronald L. Michaelis sold 1,500 shares of Limoneira stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $22.70, for a total transaction of $34,050.00. Following the completion of the sale, the director now owns 9,686 shares of the company’s stock, valued at $219,872.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Harold S. Edwards sold 6,652 shares of Limoneira stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $23.00, for a total value of $152,996.00. The disclosure for this sale can be found here. Insiders have sold 11,646 shares of company stock valued at $267,557 in the last three months. 5.70% of the stock is owned by corporate insiders.
Limoneira Company Profile
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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