Limoneira Co (NASDAQ:LMNR) released its quarterly earnings results on Monday. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.01, Briefing.com reports. Limoneira had a return on equity of 9.09% and a net margin of 9.82%. The company had revenue of $40.40 million for the quarter, compared to analysts’ expectations of $37.94 million. During the same period in the prior year, the business earned $0.71 EPS. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Limoneira updated its FY17 guidance to $0.51-0.55 EPS.

Shares of Limoneira (NASDAQ:LMNR) opened at 24.37 on Tuesday. The firm has a 50-day moving average price of $21.94 and a 200-day moving average price of $20.69. Limoneira has a one year low of $16.39 and a one year high of $24.50. The stock has a market cap of $351.05 million, a price-to-earnings ratio of 30.16 and a beta of 0.90.

In other Limoneira news, Director Elizabeth Blanchard Chess sold 3,506 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $23.43, for a total value of $82,145.58. Following the completion of the transaction, the director now owns 1,616 shares in the company, valued at approximately $37,862.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ronald L. Michaelis sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $22.70, for a total transaction of $34,050.00. Following the completion of the transaction, the director now owns 9,686 shares of the company’s stock, valued at approximately $219,872.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,006 shares of company stock worth $184,641. 5.70% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Acrospire Investment Management LLC bought a new position in Limoneira in the 2nd quarter worth about $123,000. American International Group Inc. boosted its holdings in shares of Limoneira by 7.0% in the first quarter. American International Group Inc. now owns 7,214 shares of the company’s stock valued at $151,000 after acquiring an additional 471 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Limoneira by 184.0% in the second quarter. D.A. Davidson & CO. now owns 7,100 shares of the company’s stock valued at $167,000 after acquiring an additional 4,600 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Limoneira by 5.2% in the first quarter. Wells Fargo & Company MN now owns 8,336 shares of the company’s stock valued at $175,000 after acquiring an additional 410 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its holdings in shares of Limoneira by 10.0% in the second quarter. Nationwide Fund Advisors now owns 7,735 shares of the company’s stock valued at $183,000 after acquiring an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 26.51% of the company’s stock.

A number of research firms recently issued reports on LMNR. Zacks Investment Research lowered Limoneira from a “buy” rating to a “hold” rating in a report on Tuesday, May 30th. Roth Capital reissued a “buy” rating and set a $26.50 price target on shares of Limoneira in a report on Wednesday, June 7th. Finally, BidaskClub lowered Limoneira from a “hold” rating to a “sell” rating in a report on Saturday, August 19th.

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Limoneira Company Profile

Limoneira Company is engaged in agribusiness and real estate development. The Company’s operations consist of fruit production, sales and marketing, rental operations, real estate development and capital investment activities. The Company’s segments include lemon operations, other agribusiness, rental operations and real estate development.

Earnings History for Limoneira (NASDAQ:LMNR)

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