Limoneira (LMNR) Announces Earnings Results, Beats Estimates By $0.01 EPS
Limoneira (NASDAQ:LMNR) posted its quarterly earnings data on Monday. The company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.01, Bloomberg Earnings reports. Limoneira had a net margin of 7.42% and a return on equity of 6.64%. The firm had revenue of $15.90 million for the quarter, compared to analyst estimates of $15.60 million. During the same period last year, the firm posted ($0.01) EPS. Limoneira’s quarterly revenue was down 18.5% on a year-over-year basis. Limoneira updated its FY18 guidance to $0.55-0.65 EPS.
Limoneira (NASDAQ LMNR) traded up $3.18 during trading on Monday, reaching $24.31. The company’s stock had a trading volume of 137,000 shares, compared to its average volume of 37,765. Limoneira has a 12 month low of $16.39 and a 12 month high of $26.06. The company has a current ratio of 0.74, a quick ratio of 0.61 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $350.19, a P/E ratio of 42.65 and a beta of 1.06.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Tuesday, January 2nd will be issued a $0.063 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.25 dividend on an annualized basis and a yield of 1.04%. This is an increase from Limoneira’s previous quarterly dividend of $0.05. Limoneira’s dividend payout ratio (DPR) is 43.86%.
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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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