Limoneira Company (LMNR) Releases Earnings Results, Beats Expectations By $0.09 EPS

Limoneira Company (LMNR) announced its most recent quarterly financial results on Thursday, Sep-8-2016. LMNR said it had a profit of $0.71 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $0.62. The company posted revenue of $39.90 million in the period, compared to analysts expectations of $37.69 million. LMNR’s revenue was up 33.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Limoneira Company closed down -0.03 points or -0.18% at $16.76 with 20,199 shares getting traded on Wednesday. Post opening the session at $16.86, the shares hit an intraday low of $16.68 and an intraday high of $16.86 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Apr 14, 2016, John W Blanchard (director) sold 791 shares at $15.25 per share price. According to the SEC, on Apr 11, 2016, John W.h. Merriman (director) sold 2,338 shares at $14.79 per share price. On Sep 22, 2015, Joseph D Rumley (CFO) purchased 300 shares at $16.48 per share price, according to the Form-4 filing with the securities and exchange commission.

Limoneira Company is an agribusiness and real estate development company. The Company’s operations consist of fruit production sales and marketing rental operations real estate development and capital investment activities. The Company has three business segments: agribusiness rental operations and real estate development. The agribusiness segment includes its farming and lemon packing and sales operations. The rental operations segment includes its residential and commercial rentals leased land operations and organic recycling. The real estate development segment includes its real estate projects and development. In addition to growing lemons and avocados the Company also grows oranges and a variety of specialty citrus and other crops. It also operates its own packinghouse in Santa Paula California and Yuma Arizona where it processes packs and sells lemons it grows as well as lemons grown by others.

Limoneira Company

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