Last $21.60 USD
Change Today +0.29 / 1.36%
Volume 25.4K
LMNR On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 4:00 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

limoneira co (LMNR) Snapshot

Open
$21.46
Previous Close
$21.31
Day High
$21.72
Day Low
$21.24
52 Week High
11/28/14 - $26.23
52 Week Low
01/20/15 - $19.81
Market Cap
304.8M
Average Volume 10 Days
88.7K
EPS TTM
$0.48
Shares Outstanding
14.1M
EX-Date
12/24/14
P/E TM
45.0x
Dividend
$0.18
Dividend Yield
0.80%
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: $475.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $274.0K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $324.0K
Compensation as of Fiscal Year 2013.

limoneira co (LMNR) Key Developments

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 Will Continue To Look For Acquisitions

Harold Edwards, President & Chief Executive Officer of Limoneira Company (NasdaqGS:LMNR) said in the earnings call that, “We expect to complete the expansion during the summer of 2015 as we continue to execute on our long-term growth strategy to acquire additional lemon orchards, build relationships with third-party growers and add lemon customers. The expanded facilities should help us maximize growth opportunities for Limoneira and improve operating margins. Looking forward, we continue to be pleased with the healthy pipeline of future acquisitions and investment opportunities to complement the organic growth of our agribusiness. Throughout fiscal year 2015 we plan to continue to capitalize on opportunities to further grow our core agribusiness through strategic investments and acquisitions.”

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 45.9x
Price/Sales 2.9x
Price/Book 2.5x
Price/Cash Flow 43.0x
TEV/Sales 2.1x
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