Limoneira Company [NASDAQ:LMNR] will report earnings after markets close on Monday, January 11th.
LMNR Earnings Forecast For The Current Quarter
Limoneira Company [LMNR] is expected to report strong earnings results for the quarter ending on Oct 2020. Consensus estimates give the company expected revenues of $29.19M and an earnings per share of -$0.21 for Oct 2020. Looking further ahead, the company is expected to report revenue of $46.05M at an EPS of -$0.13 for Jan 2021. The estimates represent downside of 26.70% and 144.90% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
LMNR Earnings Estimates For The Current Year
For the financial year, Limoneira Company [NASDAQ:LMNR] is expected to bring in revenue of $163.99M. The returns are nearly $-7.41 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -0.49, lower than that of FY19 by -$0.04. Estimates put this year’s earnings growth at -8.90%, 144.90% for the next, and at an annual 15.00% over the next 5-year period. As for sales, forecasts are for a decrease of -4.30% in the current fiscal year and a further 26.70% over the following year.
LMNR Price Performance
On Wall Street, Limoneira Company [NASDAQ:LMNR] finished Thursday’s session up 0.23% at $17.45. The stock went up to $17.76 at the same session while its lowest single day price was $17.235. In the last five days, it saw a rise of about 4.43%, Limoneira Company shares gained by almost 4.80% since the beginning of the year. However, the share price has dropped to as low as -20.14% below its one year high. On 01/07/21, the company shares recorded $17.76, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $16.21. The company’s shares have declined by -6.98% in the past year. The 50-day SMA achieved is $15.24 while the 200-day SMA is $14.21. Volume dropped to 46794.0 from 60800.0 in the previous session.
LMNR Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 17.20 level, and in case of violation of this particular level, it will cause more drop to 16.96 level. On the upper level, 18.01 is still the key resistance. The stock may increase to the subsequent resistance at 17.73. The Relative Strength Index (RSI) pinned on the 14-day chart is 67.42, implying a neutral technical stance while the MACD stands at 0.57, meaning price will decrease in the next trading period. Percent R indicator moved to 13.31%, implying bullish price movement. Stochastic %K at 75.20% suggest holding the stock.
Is Limoneira Company [NASDAQ:LMNR] a Good Buy Right Now?
It should be noted that LMNR technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Limoneira Company’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 74835.0 shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 55848.0 shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 52198.0 shares.
What is the short interest in Limoneira Company?
Short interest in the Limoneira Company stock has plunged, decreasing by 29580.0 shares to total 0.6 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 0.57 million, data from Yahoo Finance shows. The increase of 4.91% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 3.90% of the overall float for the stock.
Limoneira Company’s Biggest Shareholders: Who Owns Limoneira Company [LMNR]?
Filings by Global Alpha Capital Management L showed that the firm now holds a total of 2,161,866 shares or roughly 12.14% of the outstanding LMNR shares. This means their shares have reduced by -130,000 from the 2,161,866 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, BlackRock Fund Advisors updated stake is worth $14,127,474. Details in the latest 13F filings reveal that The Vanguard Group, Inc. disposed off their -1.95% stake valued at $13,260,500 while Dimensional Fund Advisors LP cut theirs at $8,717,139. During the last quarter, The Vanguard Group, Inc. liquidated -18,049 of its shares in Limoneira Company while Dimensional Fund Advisors LP sold -23,360 shares. The Stephens Investment Management Gr’s holdings currently number 530,577 shares at $9258568.65. According to the firm’s last 13F report, Ashford Capital Management, Inc. shares in the company at filing stood at 506,800 shares, roughly $7,414,484.
What are analyst thoughts on Limoneira Company?
Looking forward to the Limoneira Company share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Limoneira Company stock at $18.00 within the next 12 months, which represents almost 3.06 per cent growth from its previous closing price of $17.45. The highest analysts’ target for Limoneira Company stock projections is $20.00 and the lowest one is $17.00. Still, 5 analysts sharing their consensus rating for LMNR stock in 2021 agree that it is a Buy.