Limoneira (NASDAQ:LMNR) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Limoneira (NASDAQ:LMNR) announced its quarterly earnings results on Wednesday. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.01), Zacks reports. Limoneira had a net margin of 4.03% and a return on equity of 4.34%.

Limoneira Trading Up 0.5 %

Shares of LMNR traded up $0.11 during mid-day trading on Wednesday, reaching $21.36. 68,314 shares of the company’s stock traded hands, compared to its average volume of 50,109. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.74 and a quick ratio of 0.69. The stock’s 50-day moving average is $22.91 and its two-hundred day moving average is $25.19. Limoneira has a 12 month low of $18.39 and a 12 month high of $29.22. The stock has a market cap of $385.44 million, a P/E ratio of 56.21 and a beta of 0.46.

Limoneira Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.30 annualized dividend and a dividend yield of 1.40%. Limoneira’s dividend payout ratio (DPR) is presently 78.95%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Limoneira from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th.

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.