Analysts Estimate Report : What to Look Out for Limoneira (NASDAQ:LMNR)

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Earnings results for Limoneira (NASDAQ:LMNR)

Limoneira Co is expected* to report earnings on 09/09/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.09. The reported EPS for the same quarter last year was $0.

Limoneira last announced its earnings results on June 9th, 2020. The reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.04. The company had revenue of $39.57 million for the quarter, compared to analysts’ expectations of $36.84 million. Limoneira has generated ($0.45) earnings per share over the last year. Limoneira has confirmed that its next quarterly earnings report will be published on Wednesday, September 9th, 2020.

Analyst Opinion on Limoneira (NASDAQ:LMNR)

4 Wall Street analysts have issued ratings and price targets for Limoneira in the last 12 months. Their average twelve-month price target is $18.20, predicting that the stock has a possible upside of 26.39%. The high price target for LMNR is $20.00 and the low price target for LMNR is $16.00. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Limoneira has received a consensus rating of Buy. The company’s average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $18.20, Limoneira has a forecasted upside of 26.4% from its current price of $14.40. Limoneira has received no research coverage in the past 90 days.

Dividend Strength: Limoneira (NASDAQ:LMNR)

Limoneira pays a meaningful dividend of 2.08%, higher than the bottom 25% of all stocks that pay dividends. Limoneira has only been increasing its dividend for 1 years. Based on EPS estimates, Limoneira will have a dividend payout ratio of 111.11% in the coming year. This indicates that Limoneira may not be able to sustain their current dividend.

Insiders buying/selling: Limoneira (NASDAQ:LMNR)

In the past three months, Limoneira insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $27,581.00 in company stock. Only 3.90% of the stock of Limoneira is held by insiders. 55.53% of the stock of Limoneira is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Limoneira (NASDAQ:LMNR

Earnings for Limoneira are expected to grow in the coming year, from ($0.45) to $0.27 per share. The P/E ratio of Limoneira is -16.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Limoneira is -16.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Limoneira has a P/B Ratio of 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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