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Last $23.68 USD
Change Today +0.17 / 0.72%
Volume 15.3K
LMNR On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

limoneira co (LMNR) Snapshot

Open
$23.54
Previous Close
$23.51
Day High
$23.70
Day Low
$23.50
52 Week High
11/28/14 - $26.23
52 Week Low
01/20/15 - $19.81
Market Cap
334.5M
Average Volume 10 Days
22.2K
EPS TTM
$0.46
Shares Outstanding
14.1M
EX-Date
04/1/15
P/E TM
51.5x
Dividend
$0.18
Dividend Yield
0.76%
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 Declares Quarterly Dividend Payable on April 15, 2015

The Board of Directors of Limoneira Company declared a quarterly cash dividend of $0.045 per common share payable on April 15, 2015, to stockholders of record on April 6, 2015.

Limoneira Company Reports Unaudited Consolidated Earnings Results for the First Quarter Ended January 31, 2015; Provides Earnings Guidance for the Fiscal Year 2015

Limoneira Company reported unaudited consolidated earnings results for the first quarter ended January 31, 2015. For the first quarter of fiscal year 2015, revenue was $28.0 million, compared to revenue of $25.9 million in the first quarter of the previous fiscal year. Operating loss was $2.5 million, compared to $2.2 million in the first quarter of the previous fiscal year. LBITDA was $1.2 million compared to $1.1 million in the same period of fiscal year 2014. Net loss applicable to common stock, after preferred dividends, was $1.6 million, compared to $1.3 million in the first quarter of fiscal year 2014. Net loss per diluted share was $0.11 on approximately 14.1 million weighted average diluted common shares outstanding, compared to net loss per diluted share of $0.09 on approximately 14.0 million weighted average diluted common shares outstanding in the same period of the prior year. Loss before income tax benefit was $2.203 million against $1.936 million a year ago. Net cash used in operating activities was $5.8 million compared to $4.1 million in the same period of the prior year. Net cash used in investing activities of $4.8 million in the same period of fiscal year 2014, primarily relating to investments in the expansion of the lemon-packing facilities and additional farm worker housing units. Due to a decrease in the estimated size of the 2015 lemon harvest compared to what was previously anticipated, the company is decreasing the number of cartons of fresh lemons that it expects to sell in fiscal year 2015 to approximately 3.0 million cartons of fresh lemons from its previous guidance of between 3.2 million to 3.4 million cartons of fresh lemons. Offsetting the expected reduction in sales volume, the company anticipates the average price per carton to increase to approximately $24.00 per carton compared to previous guidance of an average price of $22.00 per carton. In addition, the company expects to sell approximately 6.5 to 7.5 million pounds of avocados at approximately $1.00 per pound. However, certain of the company’s avocado orchards experienced freezing temperatures during the first quarter of fiscal year 2015 which caused damage to a portion of the fiscal year 2015. The extent of the damage is being assessed and is not expected to be known until the second quarter of fiscal year 2015. The volume range of production noted above reflects the company’s current estimate of production net of the effects of the damage. 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 anticipated stable lemon and avocado revenue, depending on the extent of avocado freeze damage noted above and lower orange and specialty citrus revenues partially offset by lower expected selling, general and administrative expenses. In addition, subject to the extent of the avocado freeze damage noted above, 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. 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 fiscal year 2015 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 Q1, 2015 Results on Mar 09, 2015

Limoneira Company announced that they will report Q1, 2015 results at 1:30 PM, Pacific Standard Time on Mar 09, 2015

 

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Industry Analysis

LMNR

Industry Average

Valuation LMNR Industry Range
Price/Earnings 53.7x
Price/Sales 3.2x
Price/Book 2.9x
Price/Cash Flow 49.5x
TEV/Sales 2.3x
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