Limoneira Co (NASDAQ:LMNR) is set to announce third quarter earning results on Wednesday 9th September 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, LMNR to report 3Q20 income of $ 0.01 per share from revenue of $ 46.50 million.
For the full year, analysts anticipate top line of $ 161.83 million, while looking forward to loss of $ 0.47 per share bottom line.
Previous Quarter Performance
Limoneira Co posted loss for the second quarter of $ 0.08 per share, from the revenue of $ 39.57 million. Street analysts expected Limoneira Co to report income of $ 0.01 per share on revenue of $ 38.90 million for the second quarter. The top line results outshined analysts by $ 0.67 million or 1.72 percent.
Stock Performance
Shares of Limoneira Co traded low $ -0.01 or -0.07 percent on Tuesday, reaching $ 14.40 with volume of 24.40 thousand shares. Limoneira Co has traded high as $ 14.65 and has cracked $ 14.14 on the downward trend
According to the previous trading day, closing price of $ 14.40, representing a 35.94 % increase from the 52 week low of $ 10.60 and a 34.05 % decrease over the 52 week high of $ 21.85.
The company has a market capital of $ 257.15 million and is part of the Consumer Defensive sector and Farm Products industry.
Recent Stock Dividend Announcement
On June 25, 2020, the board of directors authorized quarterly dividend of $ 0.075 per share to holders of record as of the close of business on July 6, 2020, with payment date of July 17, 2020 and ex-dividend date on July 2, 2020.
Conference Call
Limoneira Co will be hosting a conference call at 4:30 PM eastern time on 9th September 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.limoneira.com
Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates in six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons.
