Roth Capital Weighs in on Limoneira’s Q4 2024 Earnings (NASDAQ:LMNR)

Limoneira (NASDAQ:LMNR) – Investment analysts at Roth Capital boosted their Q4 2024 earnings estimates for Limoneira in a research note issued on Tuesday, September 10th. Roth Capital analyst G. Sweeney now anticipates that the company will post earnings per share of ($0.10) for the quarter, up from their prior estimate of ($0.20). The consensus estimate for Limoneira’s current full-year earnings is $0.28 per share.

LMNR has been the subject of a number of other research reports. StockNews.com raised shares of Limoneira from a “sell” rating to a “hold” rating in a research report on Wednesday. B. Riley lifted their price objective on shares of Limoneira from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Finally, Lake Street Capital reissued a “hold” rating and issued a $25.00 price objective on shares of Limoneira in a research report on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.33.

Limoneira Stock Performance

Shares of LMNR opened at $25.96 on Friday. The firm has a 50-day moving average of $22.37 and a 200-day moving average of $20.71. Limoneira has a one year low of $13.88 and a one year high of $25.98. The company has a market cap of $468.58 million, a PE ratio of -199.69, a price-to-earnings-growth ratio of 5.91 and a beta of 0.48. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.93 and a quick ratio of 0.84.

Institutional Trading of Limoneira

Hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd raised its stake in Limoneira by 48.9% in the 1st quarter. Covestor Ltd now owns 5,764 shares of the company’s stock worth $113,000 after purchasing an additional 1,893 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Limoneira by 60.8% in the 1st 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 in the last quarter. Bulldog Investors LLP acquired a new stake in Limoneira in the 4th quarter worth about $413,000. American Century Companies Inc. raised its stake in Limoneira by 32.9% in the 2nd quarter. American Century Companies Inc. now owns 22,198 shares of the company’s stock worth $462,000 after purchasing an additional 5,498 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Limoneira by 7.4% in the 2nd quarter. Rhumbline Advisers now owns 22,708 shares of the company’s stock worth $473,000 after purchasing an additional 1,565 shares in the last quarter. Institutional investors own 64.35% of the company’s stock.

Limoneira Dividend Announcement

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

About Limoneira

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.