Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Limoneira (LMNR) Share Price
Media stories about Limoneira (NASDAQ:LMNR) have been trending somewhat positive on Tuesday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Limoneira earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave news stories about the company an impact score of 43.7457319951596 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several analysts recently weighed in on the company. Zacks Investment Research cut Limoneira from a “buy” rating to a “hold” rating in a report on Friday, August 25th. BidaskClub cut Limoneira from a “hold” rating to a “sell” rating in a report on Saturday, August 19th.
Shares of Limoneira (LMNR) opened at 22.40 on Tuesday. The company’s 50-day moving average price is $23.00 and its 200 day moving average price is $21.65. Limoneira has a 12-month low of $16.39 and a 12-month high of $24.50. The firm has a market capitalization of $322.67 million, a PE ratio of 38.49 and a beta of 0.89.
Limoneira (NASDAQ:LMNR) last announced its quarterly earnings data on Monday, September 11th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.01). Limoneira had a net margin of 7.42% and a return on equity of 6.64%. The firm had revenue of $40.40 million for the quarter, compared to the consensus estimate of $37.94 million. During the same period last year, the company posted $0.71 earnings per share. Limoneira’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities analysts forecast that Limoneira will post $0.53 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Monday, October 9th were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 0.98%. The ex-dividend date was Thursday, October 5th. Limoneira’s dividend payout ratio (DPR) is 37.29%.
In other news, insider Harold S. Edwards sold 6,652 shares of the firm’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $23.00, for a total value of $152,996.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald L. Michaelis sold 1,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 9,686 shares of the company’s stock, valued at $228,395.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,146 shares of company stock valued at $233,507. 5.70% of the stock is owned by corporate 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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