Equities analysts expect Limoneira (NASDAQ:LMNR) to announce ($0.19) earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Limoneira’s earnings, with the lowest EPS estimate coming in at ($0.20) and the highest estimate coming in at ($0.18). Limoneira also reported earnings of ($0.19) per share during the same quarter last year. The firm is expected to announce its next quarterly earnings results on Monday, January 14th.

On average, analysts expect that Limoneira will report full year earnings of $0.66 per share for the current financial year, with EPS estimates ranging from $0.65 to $0.67. For the next year, analysts expect that the company will report earnings of $0.93 per share, with EPS estimates ranging from $0.91 to $0.95. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Limoneira.

Limoneira (NASDAQ:LMNR) last issued its earnings results on Monday, September 10th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). The firm had revenue of $39.95 million during the quarter, compared to analyst estimates of $37.68 million. Limoneira had a net margin of 15.91% and a return on equity of 6.46%.

LMNR has been the subject of a number of recent research reports. Zacks Investment Research lowered Limoneira from a “hold” rating to a “sell” rating in a research note on Wednesday, July 4th. Stephens assumed coverage on Limoneira in a research note on Monday, June 25th. They set an “overweight” rating and a $30.00 price objective for the company. Buckingham Research increased their price objective on Limoneira from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, June 12th. Lake Street Capital set a $31.00 price objective on Limoneira and gave the stock a “buy” rating in a research note on Tuesday, September 11th. Finally, Stifel Nicolaus assumed coverage on Limoneira in a research note on Thursday, June 28th. They set a “buy” rating and a $30.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Limoneira currently has a consensus rating of “Buy” and a consensus target price of $29.50.

Shares of NASDAQ LMNR traded down $0.26 during trading hours on Friday, reaching $27.57. The stock had a trading volume of 584,280 shares, compared to its average volume of 191,554. The company has a current ratio of 0.99, a quick ratio of 0.81 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $487.13 million, a price-to-earnings ratio of 65.64, a PEG ratio of 2.80 and a beta of 0.90. Limoneira has a twelve month low of $19.62 and a twelve month high of $33.42.

A number of institutional investors have recently added to or reduced their stakes in LMNR. Advisors Asset Management Inc. raised its stake in Limoneira by 6,350.3% during the second quarter. Advisors Asset Management Inc. now owns 1,039,403 shares of the company’s stock worth $603,000 after acquiring an additional 1,023,289 shares in the last quarter. Global Alpha Capital Management Ltd. raised its stake in Limoneira by 31.8% during the second quarter. Global Alpha Capital Management Ltd. now owns 1,238,844 shares of the company’s stock worth $30,488,000 after acquiring an additional 299,000 shares in the last quarter. Cortina Asset Management LLC acquired a new position in Limoneira during the second quarter worth $6,925,000. Deprince Race & Zollo Inc. acquired a new position in Limoneira during the second quarter worth $5,533,000. Finally, Northpointe Capital LLC bought a new stake in shares of Limoneira during the second quarter worth $3,156,000. Hedge funds and other institutional investors own 42.18% of the company’s stock.

About Limoneira

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. The Fresh Lemons segment markets and sells lemons directly to food service, wholesale, and retail customers.

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