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) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.01), Zacks reports. Limoneira had a return on equity of 4.34% and a net margin of 4.03%.

Limoneira Stock Up 0.5 %

Shares of LMNR stock traded up $0.11 during trading hours on Wednesday, reaching $21.36. 68,314 shares of the company’s stock were exchanged, compared to its average volume of 50,109. 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 company has a market cap of $385.44 million, a price-to-earnings ratio of 56.21 and a beta of 0.46. Limoneira has a fifty-two week low of $18.39 and a fifty-two week high of $29.22. The stock’s 50 day moving average is $22.91 and its 200-day moving average is $25.19.

Limoneira Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Monday, December 30th. Limoneira’s dividend payout ratio is currently 78.95%.

Wall Street Analyst Weigh In

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

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.