Limoneira Co. (NASDAQ:LMNR) declared a dividend on Friday, September 23rd. Stockholders of record on Monday, October 3rd will be paid a dividend of 0.05 per share on Monday, October 17th. The ex-dividend date is Thursday, September 29th. This is a boost from Limoneira’s previous dividend of $0.05.
Limoneira (NASDAQ:LMNR) opened at 19.08 on Friday. The stock has a market cap of $270.52 million, a P/E ratio of 33.47 and a beta of 1.36. Limoneira has a one year low of $11.30 and a one year high of $19.10. The stock has a 50 day moving average of $17.98 and a 200-day moving average of $17.02.
Limoneira (NASDAQ:LMNR) last issued its quarterly earnings results on Thursday, September 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.13. The business earned $39.90 million during the quarter, compared to analyst estimates of $37.69 million. Limoneira had a net margin of 8.16% and a return on equity of 3.96%. The business’s revenue was up 33.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 earnings per share. Analysts anticipate that Limoneira will post $0.36 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Fund Advisors increased its position in Limoneira by 1.5% in the second quarter. BlackRock Fund Advisors now owns 303,643 shares of the company’s stock worth $5,350,000 after buying an additional 4,350 shares in the last quarter. BlackRock Investment Management LLC increased its position in shares of Limoneira by 8.6% in the second quarter. BlackRock Investment Management LLC now owns 44,124 shares of the company’s stock valued at $777,000 after buying an additional 3,498 shares during the period. Teachers Advisors Inc. increased its position in shares of Limoneira by 6.9% in the second quarter. Teachers Advisors Inc. now owns 17,899 shares of the company’s stock valued at $315,000 after buying an additional 1,163 shares during the period. Nationwide Fund Advisors increased its position in shares of Limoneira by 5.9% in the second quarter. Nationwide Fund Advisors now owns 8,357 shares of the company’s stock valued at $147,000 after buying an additional 465 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Limoneira by 2.9% in the second quarter. Rhumbline Advisers now owns 11,816 shares of the company’s stock valued at $208,000 after buying an additional 333 shares during the period. 26.46% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research downgraded shares of Limoneira from a “buy” rating to a “hold” rating in a report on Tuesday, August 16th.
Limoneira Company Profile
Limoneira Company is an agribusiness and real estate development company. The Company’s operations consist of fruit production, sales and marketing, rental operations, real estate development and capital investment activities. The Company’s three business divisions are agribusiness, rental operations and real estate development.
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