Equities Analysts Offer Predictions for Limoneira’s FY2024 Earnings (NASDAQ:LMNR)

Limoneira (NASDAQ:LMNR) – Analysts at Roth Capital boosted their FY2024 EPS estimates for Limoneira in a report released on Tuesday, September 10th. Roth Capital analyst G. Sweeney now expects that the company will post earnings of $0.40 per share for the year, up from their previous estimate of $0.29. The consensus estimate for Limoneira’s current full-year earnings is $0.28 per share. Roth Capital also issued estimates for Limoneira’s FY2025 earnings at $0.22 EPS.

Several other research firms have also recently commented on LMNR. B. Riley boosted their price target on shares of Limoneira from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. StockNews.com raised Limoneira from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Lake Street Capital reiterated a “hold” rating and set a $25.00 price target on shares of Limoneira in a report on Tuesday. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $25.33.

Limoneira Price Performance

Shares of NASDAQ:LMNR opened at $25.96 on Thursday. The company’s fifty day moving average is $22.37 and its two-hundred day moving average is $20.70. The company has a market cap of $468.58 million, a P/E ratio of -199.69, a price-to-earnings-growth ratio of 5.91 and a beta of 0.48. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.21. Limoneira has a 12-month low of $13.88 and a 12-month high of $25.98.

Institutional Trading of Limoneira

A number of large investors have recently bought and sold shares of the stock. Covestor Ltd grew its position in Limoneira by 48.9% during the 1st quarter. Covestor Ltd now owns 5,764 shares of the company’s stock worth $113,000 after acquiring an additional 1,893 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Limoneira by 60.8% during the first quarter. BNP Paribas Financial Markets now owns 8,461 shares of the company’s stock worth $165,000 after purchasing an additional 3,199 shares during the last quarter. Bulldog Investors LLP acquired a new stake in shares of Limoneira in the fourth quarter valued at $413,000. American Century Companies Inc. raised its holdings in shares of Limoneira by 32.9% in the second quarter. American Century Companies Inc. now owns 22,198 shares of the company’s stock valued at $462,000 after buying an additional 5,498 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in Limoneira by 7.4% during the 2nd quarter. Rhumbline Advisers now owns 22,708 shares of the company’s stock worth $473,000 after buying an additional 1,565 shares in the last quarter. 64.35% of the stock is currently owned by institutional investors.

Limoneira Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Monday, July 8th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Monday, July 8th. Limoneira’s dividend payout ratio is currently -230.77%.

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.