Last $21.55 USD
Change Today -0.17 / -0.78%
Volume 19.0K
LMNR On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).

limoneira co (LMNR) Snapshot

Open
$21.74
Previous Close
$21.72
Day High
$22.00
Day Low
$21.47
52 Week High
01/10/14 - $27.41
52 Week Low
08/19/13 - $20.02
Market Cap
302.8M
Average Volume 10 Days
25.8K
EPS TTM
$0.41
Shares Outstanding
14.1M
EX-Date
07/2/14
P/E TM
52.6x
Dividend
$0.18
Dividend Yield
0.73%
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 Declares Quarterly Cash Dividend, Payable on July 15, 2014

Limoneira declared a quarterly cash dividend of $0.045 per common share payable on July 15, 2014 to stockholders of record on July 7, 2014. This represents a 20% increase compared the company's previous dividend of $0.0375 per common share.

Limoneira Company Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended April 30, 2014 ; Revises Earnings Guidance for the Year Ending October 31, 2014 ; Provides Earnings Guidance for the Third and Fourth Quarter of 2014

Limoneira Company announced unaudited consolidated earnings results for the second quarter and six months ended April 30, 2014. For the quarter, the company reported total revenues of $24,802,000 compared to $23,286,000 a year ago. Operating income was $3,230,000 compared to $2,386,000 a year ago. Income before income tax provision and equity in losses of investments was $3,311,000 compared to $5,738,000 a year ago. Net income applicable to common stock was $2,048,000 or $0.15 per basic and diluted share compared to $2,440,000 or $0.19 per basic and diluted share a year ago. EBITDA was $4.1 million in the second quarter of fiscal year 2014, compared to $4.2 million in the same period of fiscal year 2013. For the six months, the company reported total revenues of $50,684,000 compared to $40,668,000 a year ago. Operating income was $1,037,000 compared to operating loss of $2,946,000 a year ago. Income before income tax provision and equity in earnings of investments was $1,291,000 compared to income before income tax benefit and equity in losses of investments of $944,000 a year ago. Net income applicable to common stock was $763,000 or $0.05 per basic and diluted share compared to net loss applicable to common stock of $748,000 or $0.06 per basic and diluted share a year ago. EBITDA was $2,945,000 compared to LBITDA of $122,000 a year ago. Net cash from operating activities increased $7.7 million compared to the same period of fiscal year 2013. The company is raising its previously issued guidance and providing annual earnings per share guidance. 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. Due to higher lemon prices than previously expected, the company is raising operating income guidance to $10.6 million to $11.8 million compared to previous guidance of approximately $7.0 million. The increased operating income in fiscal year 2014 represents approximately a 100% increase over fiscal year 2013 operating income of $5.4 million. The expected increase in operating income is primarily due to the additional lemon revenue generated by the acquisitions of Associated and Lemons 400 and increased lemon prices, partially offset by lower expected avocado revenue. Fiscal year 2014 pre-tax earnings are anticipated to be $11.3 million to $12.4 million compared to previous guidance of approximately $8.1 million, which is similar to fiscal year 2013 pretax income. The company expects fiscal year 2014 earnings per diluted share to be in the range of $0.45 to $0.50 based on estimated weighted average diluted common shares outstanding of approximately 14.0 million. Consistent with the typical seasonality of the company's agriculture operations, The company expects that substantially all of the second half of fiscal year 2014 earnings will be generated in the third quarter with little to no earnings in the fourth quarter.

Limoneira Company to Report Q2, 2014 Results on Jun 09, 2014

Limoneira Company announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jun 09, 2014

 

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Industry Analysis

LMNR

Industry Average

Valuation LMNR Industry Range
Price/Earnings 48.5x
Price/Sales 3.2x
Price/Book 2.8x
Price/Cash Flow 47.6x
TEV/Sales 2.4x
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