Limoneira (NASDAQ:LMNR) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Limoneira (NASDAQ:LMNR) from a sell rating to a hold rating in a research report released on Friday.

A number of other research firms also recently issued reports on LMNR. TheStreet downgraded shares of Limoneira from a b- rating to a c+ rating in a report on Tuesday, January 30th. Roth Mkm boosted their price objective on shares of Limoneira from $17.00 to $23.00 and gave the company a buy rating in a research note on Tuesday, January 2nd.

Limoneira Stock Up 0.6 %

Shares of NASDAQ LMNR opened at $19.71 on Friday. The firm has a market cap of $354.78 million, a PE ratio of -33.98, a P/E/G ratio of 10.05 and a beta of 0.55. Limoneira has a 12-month low of $13.88 and a 12-month high of $21.62. The company’s fifty day simple moving average is $18.85 and its 200 day simple moving average is $17.71. The company has a quick ratio of 0.84, a current ratio of 0.92 and a debt-to-equity ratio of 0.28.

Limoneira (NASDAQ:LMNR) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.05. Limoneira had a negative net margin of 5.40% and a negative return on equity of 1.16%. The firm had revenue of $39.73 million for the quarter, compared to analyst estimates of $39.07 million. During the same period last year, the firm earned ($0.53) earnings per share. As a group, sell-side analysts forecast that Limoneira will post 0.13 earnings per share for the current fiscal year.

Limoneira Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Monday, April 1st were issued a $0.075 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.52%. Limoneira’s payout ratio is -51.72%.

Institutional Investors Weigh In On Limoneira

Hedge funds have recently made changes to their positions in the business. Bfsg LLC purchased a new position in shares of Limoneira in the fourth quarter worth $36,000. Allspring Global Investments Holdings LLC purchased a new position in Limoneira during the 3rd quarter valued at $64,000. SG Americas Securities LLC purchased a new stake in shares of Limoneira in the 3rd quarter worth about $117,000. Bulldog Investors LLP purchased a new stake in shares of Limoneira in the 4th quarter worth about $413,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Limoneira in the 3rd quarter worth about $419,000. 64.35% of the stock is currently owned by institutional investors.

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.