Last $22.33 USD
Change Today +0.37 / 1.68%
Volume 33.4K
LMNR On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 4:00 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

limoneira co (LMNR) Snapshot

Open
$21.91
Previous Close
$21.96
Day High
$22.43
Day Low
$21.55
52 Week High
01/10/14 - $27.41
52 Week Low
04/17/13 - $17.19
Market Cap
313.7M
Average Volume 10 Days
31.2K
EPS TTM
$0.33
Shares Outstanding
14.1M
EX-Date
04/3/14
P/E TM
68.5x
Dividend
$0.15
Dividend Yield
0.67%
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 is engaged in farming and lemon packing operations. This segment grows avocados, oranges, and various specialty citrus and other crops, such as Satsuma mandarin oranges, Moro blood oranges, Cara Cara oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, pistachios, cherries, peaches, plums, and olives, as well as pack and sell lemons grown by others. This segment markets and sells lemons directly to food service, wholesale, and retail customers. It has approximately 3,900 acres of lemons; approximately 1,200 acres of avocados; approximately 1,500 acres of oranges; and approximately 800 acres of specialty citrus and other crops in Ventura and Tulare counties, California, and 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 610 acres of land to third party agricultural tenants. The Real Estate Development segment develops land parcels, multi-family housing, and single-family homes. Limoneira Company was founded in 1893 and is headquartered in Santa Paula, California.

254 Employees
Last Reported Date: 01/14/14
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
Senior Vice President
Total Annual Compensation: $324.0K
Compensation as of Fiscal Year 2013.

limoneira co (LMNR) Key Developments

Limoneira Company Announces Amendment to its Credit Agreement

On March 31, 2014, Limoneira Company and Rabobank, N.A. entered into a Third Amendment to Amended and Restated Line of Credit Agreement, to be effective March 19, 2014. Borrower and Lender have previously entered into the Amended and Restated Line of Credit Agreement dated December 15, 2008, as amended by the Amendment to Amended and Restated Line of Credit Agreement dated May 12, 2009 and the Second Amendment to Amended and Restated Line of Credit Agreement dated November 14, 2011. The Amendment serves to, among other things, release the Lender's security interest in Teague McKevett Ranch, in Ventura County, California, grant the Lender a security interest in the San Cayeteno Ranch, in Ventura County, California, and the Martinez Ranch, Chambers and the Bar W Ranch in Tulare County, California and provide additional collateral in the form of property located in Tulare County, California, known as Lemons 400.

Limoneira Company Declares Quarterly Cash Dividend on Common Shares, Payable on April 15, 2014

The Board of Directors of Limoneira Company declared a quarterly cash dividend of $0.0375 per common share payable on April 15, 2014, to stockholders of record on April 7, 2014.

Limoneira Company Reports Earnings Results for the First Quarter Ended January 31, 2014; Provides Earnings Guidance for the Second Quarter of Fiscal Year 2014 and for the Fiscal Year Ending October 31, 2014

Limoneira Company reported earnings results for the first quarter ended January 31, 2014. For the quarter, the company reported revenue of $25.9 million, compared to revenue of $17.4 million in the first quarter of the previous fiscal year. Operating loss was $2.2 million, compared to $5.3 million in the first quarter of the previous fiscal year. LBITDA was $1.1 million compared to $4.4 million in the same period of fiscal year 2013. Net loss applicable to common stock, after preferred dividends was $1.3 million, compared to $3.2 million in the first quarter of fiscal year 2013. Loss per diluted share was $0.09 compared to loss per diluted share of $0.28 in the same period of the prior year. The company reported loss before income tax benefit and equity in earnings of investments of $2.0 million compared to $4.8 million in last year. For the second quarter of fiscal year 2014, the company expects to realize incremental revenue and earnings resulting from the acquisition of Lemons 400. For the fiscal year ending October 31, 2014, the company expects to sell between 3.0 million to 3.3 million cartons of fresh lemons, and expects to sell approximately 6.0 million pounds of avocados. The California avocado crop typically experiences alternating years of high and low production due to plant physiology. Fiscal year 2013 was a high avocado production year and fiscal year 2014 is expected to be a lower avocado production year. Lemon and avocado prices are expected to be higher in fiscal year 2014 than fiscal year 2013 due to lower industry production. The company expects to earn approximately $7.0 million in operating income in fiscal year 2014, representing approximately a 30% increase over fiscal year 2013 operating income of $5.3 million. Fiscal year 2014 pre-tax earnings are anticipated to be similar to fiscal year 2013 as $1.3 million of earnings from asset sales and $0.7 million in interest rate swap income realized in fiscal year 2013 are not expected to recur in fiscal year 2014.

 

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Industry Analysis

LMNR

Industry Average

Valuation LMNR Industry Range
Price/Earnings 45.2x
Price/Sales 3.3x
Price/Book 2.9x
Price/Cash Flow 45.3x
TEV/Sales 2.5x
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