Limoneira transition to avocado production should lift profitability, says Roth

Roth Capital keeps a Buy rating and $31 on Limoneira (LMNR) as the company “continues to expand its avocado acreage”. The transition to higher percentage of avocado production over lemons should lift profitability, though this will likely take another two seasons before materially impacting results, the analyst tells investors in a research note. The lemon profitability in FY26 should also improve as Limoneira merges its citrus sales and marketing into Sunkist Grower, the firm added.