Limoneira Co. (NASDAQ:LMNR) announced a quarterly dividend on Friday, September 23rd. Investors of record on Monday, October 3rd will be paid a dividend of 0.05 per share on Monday, October 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, September 29th. This is a boost from Limoneira’s previous quarterly dividend of $0.05.
Shares of Limoneira (NASDAQ:LMNR) opened at 18.83 on Wednesday. Limoneira has a 12 month low of $11.30 and a 12 month high of $19.10. The company has a 50 day moving average price of $17.99 and a 200-day moving average price of $17.11. The firm has a market capitalization of $266.97 million, a PE ratio of 33.04 and a beta of 1.36.
Limoneira (NASDAQ:LMNR) last issued its earnings results on Thursday, September 8th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.13. The business had revenue of $39.90 million for the quarter, compared to analyst estimates of $37.69 million. Limoneira had a return on equity of 3.96% and a net margin of 8.16%. The business’s quarterly revenue was up 33.9% on a year-over-year basis. During the same period last year, the company posted $0.36 EPS. Equities research analysts expect that Limoneira will post $0.36 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its position in 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. Teachers Advisors Inc. raised its position in 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. BlackRock Fund Advisors raised its position in Limoneira by 1.5% in the second quarter. BlackRock Fund Advisors now owns 303,643 shares of the company’s stock valued at $5,350,000 after buying an additional 4,350 shares during the period. BlackRock Investment Management LLC raised its position in 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. Finally, Nationwide Fund Advisors raised its position in 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. 26.46% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research raised Limoneira from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, September 13th.
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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