Limoneira (NASDAQ:LMNR) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.40-0.44 for the period, compared to the Thomson Reuters consensus estimate of $0.52. The company issued revenue guidance of ~$120 million, compared to the consensus revenue estimate of $121.49 million.Limoneira also updated its FY18 guidance to $0.55-0.65 EPS.

Limoneira (LMNR) opened at $22.50 on Wednesday. Limoneira has a 52-week low of $16.39 and a 52-week high of $26.06. The company has a market capitalization of $319.67, a PE ratio of 41.20 and a beta of 1.06. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.74 and a quick ratio of 0.61.

Limoneira (NASDAQ:LMNR) last announced its quarterly earnings data on Monday, September 11th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.01). The business had revenue of $40.40 million during the quarter, compared to analysts’ expectations of $37.94 million. Limoneira had a net margin of 7.42% and a return on equity of 6.64%. Limoneira’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 earnings per share. sell-side analysts predict that Limoneira will post 0.52 EPS for the current fiscal year.

A number of equities research analysts recently commented on LMNR shares. Roth Capital set a $28.00 target price on Limoneira and gave the stock a buy rating in a research report on Friday, December 8th. BidaskClub downgraded Limoneira from a buy rating to a hold rating in a research report on Thursday, December 7th. Finally, Zacks Investment Research downgraded Limoneira from a buy rating to a hold rating in a research report on Friday, August 25th.

In other Limoneira news, insider Harold S. Edwards sold 6,652 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $23.00, for a total transaction of $152,996.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronald L. Michaelis sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $23.58, for a total value of $35,370.00. Following the sale, the director now directly owns 9,686 shares in the company, valued at $228,395.88. The disclosure for this sale can be found here. Insiders have sold 8,155 shares of company stock worth $188,437 over the last three months. 5.70% of the stock is currently owned by insiders.

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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.

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