Limoneira (NASDAQ:LMNR) to Buyback $30.00 million in Outstanding Shares

Posted by Matthew Tipps on Mar 20th, 2025

Limoneira (NASDAQ:LMNR – Get Free Report) declared that its Board of Directors has approved a stock repurchase plan on Monday, March 17th, RTT News reports. The company plans to buyback $30.00 million in shares. This buyback authorization permits the company to reacquire up to 8.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Limoneira Trading Up 0.2 %

NASDAQ LMNR opened at $18.18 on Thursday. Limoneira has a 12 month low of $17.80 and a 12 month high of $29.22. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average price is $22.24 and its 200-day moving average price is $24.94. The stock has a market cap of $328.06 million, a P/E ratio of 47.84 and a beta of 0.46.

Limoneira Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.65%. Limoneira’s dividend payout ratio (DPR) is 73.17%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. StockNews.com raised shares of Limoneira from a “sell” rating to a “hold” rating in a research report on Thursday, March 13th. Lake Street Capital cut their price objective on shares of Limoneira from $25.00 to $23.00 and set a “hold” rating on the stock in a report on Thursday, March 13th.

View Our Latest Stock Report on LMNR

Limoneira Company Profile

(Get Free Report)

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.