Last $20.90 USD
Change Today +0.05 / 0.24%
Volume 30.9K
LMNR On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

limoneira co (LMNR) Snapshot

Open
$20.89
Previous Close
$20.85
Day High
$21.09
Day Low
$20.67
52 Week High
11/28/14 - $26.23
52 Week Low
01/20/15 - $19.81
Market Cap
294.3M
Average Volume 10 Days
32.5K
EPS TTM
$0.48
Shares Outstanding
14.1M
EX-Date
12/24/14
P/E TM
43.6x
Dividend
$0.18
Dividend Yield
0.83%
Current Stock Chart for LIMONEIRA CO (LMNR)

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limoneira co (LMNR) Details

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates in three segments: Agribusiness, Rental Operations, and Real Estate Development. The Agribusiness segment engages in farming and lemon packing and sales operations. This segment grows lemons, avocados, oranges, and various specialty citrus and other crops, such as Moro blood oranges, Cara Cara oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, pistachios, cherries, peaches, plums, and olives, as well as packs and sells lemons grown by others. This segment markets and sells lemons directly to food service, wholesale, and retail customers. It has approximately 4,000 acres of lemons, 1,200 acres of avocados, 1,400 acres of oranges, and 700 acres of specialty citrus and other crops in Ventura, Tulare, and San Bernardino counties in California and in Yuma County in Arizona. The Rental Operations segment rents residential and commercial properties, such as office buildings and a multi-use facility consisting of a retail convenience store, gas station, car wash, and quick-serve restaurant; and leases approximately 600 acres of land to third party agricultural tenants. This segment is also involved in organic recycling activities. The Real Estate Development segment develops land parcels, multi-family housing, and single-family homes with approximately 1,800 units in various stages of planning and development. Limoneira Company was founded in 1893 and is headquartered in Santa Paula, California.

331 Employees
Last Reported Date: 01/12/15
Founded in 1893

limoneira co (LMNR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $494.0K
Chief Financial Officer, Treasurer and Secret...
Total Annual Compensation: $286.0K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $338.0K
Compensation as of Fiscal Year 2014.

limoneira co (LMNR) Key Developments

Limoneira Company Acquires Additional 200 Acres of Lemon Trees -

Limoneira Company and Cadiz Inc. announced that they have expanded their existing agricultural development agreement to include an additional 200 acres. Limoneira has acquired a total of 200 acres of lemon trees and associated irrigation lines from Cadiz and one of its leasing tenants for approximately $1.2 million. Limoneira has amended its lease with Cadiz, that commenced July 2013, to include the additional 200 acres. Under the amended lease agreement, Limoneira now has the right to plant up to 1,480 acres of lemons over the next three years at the Cadiz Ranch operations in the Cadiz Valley. The arrangement provides a growing, packing, and marketing opportunity that is complementary to Limoneira's existing production and furthers Cadiz's commitment to the sustainable development of its Cadiz Valley property. The acquired lemon trees are expected to be productive beginning in fiscal year 2017.

Limoneira Company Reports Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year Ended October 31, 2014; Provides Earnings Guidance for the Fiscal Year Ending October 31, 2015

Limoneira Company reported unaudited consolidated financial results for the fourth quarter and full year ended October 31, 2014. For the quarter, the company reported net loss of $2,835,000 against $1,084,000 for the same period a year ago. LBITDA was $3,347,000 against $648,000 for the same period a year ago. Adjusted LBITDA was $3,347,000 against $553,000 for the same period a year ago. Total revenue was $16,302,000 against $14,287,000 for the same period a year ago. Operating loss was $4,524,000 against $1,613,000 for the same period a year ago. Loss before income taxes was $4,298,000 against $1,393,000 a year ago. Net loss applicable to common stock was $2,993,000 or $0.21 per common share basic and diluted against net income applicable to common stock of $1,149,000 or $0.08 loss per common share basic and diluted for the same period a year ago. For the full year, the company reported net income of $6,991,000 against $4,906,000 for the same period a year ago. EBITDA was $14,020,000 against $9,872,000 for the same period a year ago. Adjusted EBITDA was $14,455,000 against $9,967,000 for the same period a year ago. Total revenue was $103,462,000 against $84,884,000 for the same period a year ago. Operating income was $9,893,000 against $5,398,000 for the same period a year ago. Income before income taxes was $10,564,000 against $8,141,000 a year ago. Net income applicable to common stock was $6,531,000 or $0.46 per common share basic and diluted against $4,644,000 or $0.36 per common share basic and diluted for the same period a year ago. Net cash from operating activities increased $10.2 million to $15.7 million, compared to $5.5 million in fiscal year 2013. For the fiscal year ending October 31, 2015, the company expects operating income and net income for fiscal year 2015 to be similar to fiscal year 2014 operating income and net income as a result of higher anticipated avocado revenue due to the potential for increased production, depending on the extent of avocado freeze damage noted above and lower expected selling, general and administrative expenses offset by anticipated lower lemon revenue due to lower fresh lemon prices. In addition, subject to the extent of the avocado freeze damage, the company expects to earn approximately $9.4 million to $10.2 million in operating income in fiscal year 2015, compared to $9.9 million of operating income in fiscal year 2015. Income before tax is expected to be approximately $10.4 million to $11.1 million, compared to $10.6 million of income before tax for fiscal year 2014. The company expects earnings per diluted share to be in the range of $0.42 to $0.46, compared to fiscal year 2014 earnings per diluted share of $0.46.

Limoneira Company to Report Q4, 2014 Results on Jan 12, 2015

Limoneira Company announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Jan 12, 2015

 

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Industry Analysis

LMNR

Industry Average

Valuation LMNR Industry Range
Price/Earnings 45.0x
Price/Sales 2.8x
Price/Book 2.5x
Price/Cash Flow 42.1x
TEV/Sales 2.0x
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