Limoneira Co (LMNR) AI Stock Analysis

• Market Cap: $265.25M
• Dividend Yield: 2.04%
• Average Volume (3M): 67.26K
• Price to Earnings (P/E): 37.0
• Beta (1Y): 0.63
• Revenue Growth: -0.94%
• EPS Growth: 0.47%
• Country: US
• Employees: 241
• Sector: Consumer Defensive
• Sector Strength: 51
• Industry: Agricultural Farm Products
• EPS (TTM): -0.17
• Shares Outstanding: 18,069,029
• 10 Day Avg. Volume: 51,477
• 30 Day Avg. Volume: 67,263
• PEG Ratio: 0.08
• Price to Book (P/B): 1.47
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 18.23
• Enterprise Value/Market Cap: 1.22
• Enterprise Value/Revenue: 0.44
• Enterprise Value/Gross Profit: 15.20
• Enterprise Value/Ebitda: 16.35
• 1Y Price Target: $23.00
• Price Target Upside: 56.68% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 61 Neutral
• Price Target: $16.50 ▲(12.40%Upside)

Limoneira Co's overall stock score reflects a blend of strong strategic initiatives and ongoing financial challenges. The strategic partnership with Sunkist and improvements in cash flow are positives, but declining revenue and profitability remain significant concerns. The technical analysis is neutral, and high risk in valuation further impacts the stock's attractiveness.

Positive Factors

Earnings Improvement

Limoneira’s citrus sales/marketing team is transitioning back to Sunkist, which should see an immediate lift to earnings.

Operational Efficiency

A major agreement to merge a portion of Limoneira’s operations into Sunkist will meaningfully reduce Limoneira’s fixed costs and OpEx while improving the revenue mix to higher margin businesses.

Negative Factors

Market Performance

Q2’25 came in modestly below estimates behind an especially weak lemon market.

Price Decline

Seasonally weak first quarter results were just that, as lemon prices fell 13% YoY.

Limoneira Co Business Overview & Revenue Model

Company Description

Limoneira Co. is a diversified agribusiness and real estate development company based in Santa Paula, California. Founded in 1893, the company primarily focuses on the production and marketing of lemons, avocados, and other agricultural products. Limoneira operates in several sectors, including agribusiness, rental operations, and real estate development, with a strong emphasis on sustainable farming practices and community involvement.

How the Company Makes Money

Limoneira Co. generates revenue through multiple channels. The primary source of income is the sale of fresh citrus and other agricultural products such as lemons, avocados, oranges, and specialty crops. The company operates its own packing facilities and maintains a global distribution network to deliver its products to domestic and international markets. Additionally, Limoneira earns revenue from its rental operations, which include leasing property and facilities to third parties. Another significant revenue stream is its real estate development segment, where the company engages in the development and sale of residential and commercial properties. These diverse revenue streams, along with strategic partnerships in the agriculture and real estate sectors, contribute to Limoneira's earnings.

Limoneira Co Financial Statement Overview

Summary

Limoneira Co shows a stable financial foundation with strong cash flow management and a healthy balance sheet. However, the company faces challenges in revenue consistency and profitability, highlighted by negative net and EBIT margins.

Income Statement

Limoneira Co's income statement shows mixed performance. The TTM data reveals a gross profit margin of 12.05%, indicating some efficiency in cost management, but the net profit margin is -0.96%, highlighting challenges in achieving profitability. Revenue growth has been inconsistent, with a decline in the latest TTM period compared to the previous year. The EBIT and EBITDA margins also show weak profitability, with EBIT margin at -1.39% and EBITDA margin at 4.72% for the TTM.

Balance Sheet

The balance sheet reflects a moderate financial position. The debt-to-equity ratio is 0.31, suggesting a manageable level of leverage. The equity ratio stands at 61.66%, indicating a strong equity base relative to total assets. However, the return on equity (ROE) is negative at -0.93% for the TTM, signaling inefficiencies in generating returns on equity capital.

Cash Flow

Cash flow analysis shows positive trends in operational efficiency. The operating cash flow to net income ratio is robust at 15.98 for TTM, indicating strong cash conversion from earnings. Free cash flow has improved significantly, with a growth rate of 77.58% compared to the previous period, reflecting better capital expenditure management. The free cash flow to net income ratio is also strong at -8.81, showing effective cash flow generation even with a net loss.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	191.50M	179.90M	184.60M	166.03M	164.56M
Gross Profit	21.42M	6.12M	19.52M	13.20M	2.77M
EBITDA	21.62M	23.29M	12.88M	7.67M	-13.82M
Net Income	7.72M	9.40M	-474.00K	-3.90M	-17.94M
Balance Sheet
Total Assets	298.81M	301.21M	368.52M	392.28M	389.60M
Cash, Cash Equivalents and Short-Term Investments	3.00M	3.63M	857.00K	439.00K	501.00K
Total Debt	43.70M	45.48M	105.81M	132.82M	125.85M
Total Liabilities	96.31M	100.71M	176.65M	193.03M	183.03M
Stockholders Equity	191.95M	189.29M	180.25M	187.28M	192.83M
Cash Flow
Free Cash Flow	8.44M	-26.18M	4.76M	-229.00K	-21.92M
Operating Cash Flow	17.85M	-15.87M	14.83M	9.61M	-11.32M
Investing Cash Flow	-9.19M	90.58M	19.43M	-10.24M	3.85M
Financing Cash Flow	-9.29M	-71.92M	-33.52M	534.00K	7.36M

Limoneira Co Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 14.68
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LMNR, the sentiment is Negative. The current price of 14.68 is below the 20-day moving average (MA) of 15.30, below the 50-day MA of 15.44, and below the 200-day MA of 20.45, indicating a bearish trend. The MACD of -0.16 indicates Positive momentum. The RSI at 40.07 is Neutral, neither overbought nor oversold. The STOCH value of 27.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LMNR.

Limoneira Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FDP	76 Outperform	$1.80B	12.04	7.49%	2.93%	1.41%	―
LND	71 Outperform	$363.98M	6.30	15.25%	6.74%	1.09%	21.46%
AGRO	68 Neutral	$918.94M	14.67	4.51%	3.76%	17.05%	-73.53%
Sector *	65 Neutral	$24.37B	12.95	-0.84%	3.08%	1.71%	-10.31%
LMNR	61 Neutral	$265.25M	36.96	-0.97%	2.04%	-0.94%	0.47%
ALCO	53 Neutral	$246.69M	32.96	-70.02%	0.62%	23.36%	-451.44%

Limoneira Co Corporate Events

Limoneira Co Enters New Master Loan Agreement

On June 26, 2025, Limoneira Company entered into a Master Loan Agreement with AgWest Farm Credit, PCA, amending their previous agreement from March 27, 2024. The new agreement includes a revolving credit facility of $114 million and a non-revolving credit facility of $1 million, both due by July 1, 2030. The interest rates are initially set at 6.600% and 6.900% per annum, respectively, with adjustments based on the company’s financial ratios. The agreement is secured by the company’s assets, including agricultural properties in Ventura County, California, and includes covenants and default provisions that could impact the company’s financial operations if not adhered to.

The most recent analyst rating on (LMNR) stock is a Buy with a $31.00 price target. To see the full list of analyst forecasts on Limoneira Co stock, see the LMNR Stock Forecast page.

Limoneira Co Partners with Sunkist for Citrus Operations

On June 6, 2025, Limoneira Company entered into a Commercial Packinghouse License Agreement with Sunkist Growers, Inc., merging its citrus sales and marketing operations with Sunkist. This strategic partnership is expected to generate $5 million in annual cost savings and EBITDA improvement starting in fiscal year 2026. Limoneira will transition its sales and marketing team to Sunkist, leveraging shared resources to enhance supply chain efficiency and operational synergies. The merger positions Limoneira for growth in the food service and retail markets, providing access to Sunkist’s comprehensive citrus portfolio and customer base, and is anticipated to close on November 1, 2025.

The most recent analyst rating on (LMNR) stock is a Buy with a $31.00 price target. To see the full list of analyst forecasts on Limoneira Co stock, see the LMNR Stock Forecast page.