Limoneira Co (LMNR)
NASDAQ:LMNR
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Limoneira Co
(NASDAQ:LMNR)
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Rating:49Neutral
Price Target:
$13.50
â–¼(-0.88% Downside)
Action:ReiteratedDate:03/28/26
The score is held down primarily by weak recent financial performance (sharp TTM profitability decline and negative cash flow) and bearish-to-neutral technicals (below key moving averages with negative MACD). Offsetting factors include a more supportive balance sheet assessment in the provided statements, and management’s reiterated guidance plus concrete cost-savings and asset-monetization plans, though the dividend pause adds near-term concern.
Positive Factors
Conservative balance sheet
The company reports a conservatively levered balance sheet with very low debt versus equity in the trailing twelve months. This structural financial flexibility gives Limoneira capacity to absorb agricultural cycles, pursue asset monetization or invest in acreage development without immediate refinancing pressure.
Negative Factors
Profitability deterioration
Trailing results show a meaningful shift to negative gross and operating margins, reversing prior profitable years. Persistent negative profitability undermines retained earnings and return generation, increasing reliance on cost cuts and asset sales to restore durable earnings power over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
The company reports a conservatively levered balance sheet with very low debt versus equity in the trailing twelve months. This structural financial flexibility gives Limoneira capacity to absorb agricultural cycles, pursue asset monetization or invest in acreage development without immediate refinancing pressure.
Read all positive factors
Limoneira Co (LMNR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$246.62M
Dividend Yield1.99%
Average Volume (3M)85.26K
Price to Earnings (P/E)―
Beta (1Y)0.68
Revenue Growth-14.97%
EPS Growth-278.36%
CountryUS
Employees241
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)-0.48
Shares Outstanding18,106,876
10 Day Avg. Volume86,164
30 Day Avg. Volume85,263
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)1.47
Price to Sales (P/S)1.58
P/FCF Ratio-13.12
Enterprise Value/Market Cap1.37
Enterprise Value/Revenue2.35
Enterprise Value/Gross Profit-60.64
Enterprise Value/Ebitda-21.31
Forecast
1Y Price Target
$19.00Price Target Upside39.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.27
Revenue Forecast (FY)$125.76M
Limoneira Co Business Overview & Revenue Model
Company Description
Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, proce...
How the Company Makes Money
Limoneira makes money primarily through its agribusiness operations and, secondarily, through real estate activities associated with its land holdings. On the agribusiness side, revenue is generated by (1) selling fresh citrus (especially lemons) ...
Limoneira Co Key Performance Indicators (KPIs)
Any
Operating Income by Segment
Reveals profitability across different business areas, highlighting which segments drive earnings and where there might be challenges or opportunities for improvement.
Reveals profitability across different business areas, highlighting which segments drive earnings and where there might be challenges or opportunities for improvement.
Data provided by:
The Fly
The FlyLimoneira Co Earnings Call Summary
Earnings Call Date:Mar 12, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jun 09, 2026
Earnings Call Sentiment Neutral
The call presents a mixed picture: near-term financial results were weak with a large year-over-year revenue decline (~47%), deeper operating and net losses, and higher leverage. However, management outlined clear strategic actions — Sunkist partnership (driving expected $10M in SG&A savings), aggressive asset monetization (real estate, water rights, Windfall Farms), avocado acreage growth (near-term 100% capacity upside as trees mature), and an organic recycling JV — that create multiple paths to revenue diversification and margin improvement over the medium term. Given substantial current-quarter negatives but credible, quantifiable initiatives to improve cost structure and unlock asset value, the takeaways are balanced between significant near-term challenges and actionable long-term catalysts.Positive Updates
Strategic Sunkist Partnership and SG&A Savings
Transitioned lemon sales/marketing to Sunkist, shifting seasonal cadence (Q1–Q2 softer, Q3–Q4 stronger) and providing enhanced access to major U.S. retailers. Company expects approximately $10.0 million in annual selling, general & administrative savings in Fiscal 2026 as a result of the partnership.
Negative Updates
Significant Year‑over‑Year Revenue Decline
Total net revenues fell to $18.2 million from $34.3 million in the prior-year quarter, a decrease of approximately 47% year-over-year, driven largely by the Sunkist transition, exit of brokerage and farm management businesses, and cadence shift.
Read all updates
Q1-2026 Updates
Positive
Negative
Strategic Sunkist Partnership and SG&A Savings
Transitioned lemon sales/marketing to Sunkist, shifting seasonal cadence (Q1–Q2 softer, Q3–Q4 stronger) and providing enhanced access to major U.S. retailers. Company expects approximately $10.0 million in annual selling, general & administrative savings in Fiscal 2026 as a result of the partnership.
Read all positive updates
Company Guidance
Management reiterated Fiscal 2026 guidance for fresh lemon volumes of 4.0–4.5 million cartons and avocado volumes of 5.0–6.0 million pounds, and expects roughly $10.0 million of annual SG&A savings from the Sunkist partnership; they also flagged a seasonal cadence shift (Q1–Q2 softer, Q3–Q4 stronger). In Q1 they reported total net revenues of $18.2 million (agribusiness $16.8M), fresh lemon sales of $11.9M from ~681,000 cartons at an average $17.41 per carton (net of a $0.60 Sunkist fee), total costs and expenses of $28.8M (down 27% YoY), operating loss of $10.6M, net loss of $9.6M or $0.53 per diluted share (adjusted net loss $8.5M or $0.48), and adjusted EBITDA loss of $7.7M. Balance sheet and one‑time/transition items include long‑term debt of $89.9M (net debt $88.0M after $1.3M cash), $2.5M of specific transition expenses (including $1.0M packing house repairs, $0.5M Chile closing costs and $1.0M foreign‑exchange on receivables), expected $1.4M of insurance proceeds in Q2, planned real estate proceeds of $155M over five years, 1,600 avocado acres planted (800 currently bearing; the other 800 to begin bearing over 2–4 years), a 50/50 organic recycling JV expected to process 300,000 tons/year (online FY2027), Windfall Farms divestiture targeted by end FY2026, and ongoing water monetization efforts (prior $1.7M realized; prior sale cited at $30,000/acre‑foot).Limoneira Co Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
66
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 143.62M | 159.72M | 191.50M | 179.90M | 184.60M | 166.03M |
| Gross Profit | -5.56M | -530.00K | 21.42M | 6.12M | 19.52M | 13.20M |
| EBITDA | -15.83M | -9.69M | 21.62M | 23.29M | 12.88M | 7.67M |
| Net Income | -22.33M | -15.98M | 7.72M | 9.40M | -474.00K | -3.90M |
Balance Sheet | ||||||
| Total Assets | 307.53M | 318.22M | 298.81M | 301.21M | 368.52M | 392.28M |
| Cash, Cash Equivalents and Short-Term Investments | 1.27M | 1.51M | 3.00M | 3.63M | 857.00K | 439.00K |
| Total Debt | 91.88M | 74.50M | 43.70M | 45.48M | 105.81M | 132.82M |
| Total Liabilities | 126.88M | 127.38M | 96.31M | 100.71M | 176.65M | 193.03M |
| Stockholders Equity | 161.31M | 171.52M | 191.95M | 189.29M | 180.25M | 187.28M |
Cash Flow | ||||||
| Free Cash Flow | -17.00M | -19.21M | 8.44M | -26.18M | 4.76M | -229.00K |
| Operating Cash Flow | -4.52M | -5.67M | 17.85M | -15.87M | 14.83M | 9.61M |
| Investing Cash Flow | -18.58M | -18.68M | -9.19M | 90.58M | 19.43M | -10.24M |
| Financing Cash Flow | 23.55M | 22.84M | -9.29M | -71.92M | -33.52M | 534.00K |
Limoneira Co Technical Analysis
Negative
13.62
Price Trends
14.02
Negative
13.83
Negative
14.47
Negative
Market Momentum
-0.15
Negative
48.40
Neutral
77.77
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 13.62 is below the 20-day moving average (MA) of 13.66, below the 50-day MA of 14.02, and below the 200-day MA of 14.47, indicating a bearish trend. The MACD of -0.15 indicates Negative momentum. The RSI at 48.40 is Neutral, neither overbought nor oversold. The STOCH value of 77.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LMNR.
Limoneira Co Risk Analysis
Limoneira Co disclosed 46 risk factors in its most recent earnings report. Limoneira Co reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Limoneira Co Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
86 Outperform | $3.68B | 9.73 | 44.65% | 10.53% | 65.80% | 197.95% | |
72 Outperform | $1.99B | 18.92 | 4.53% | 3.34% | 1.11% | 414.23% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
53 Neutral | $1.99B | -484.91 | -0.54% | 4.40% | -7.37% | -84.53% | |
53 Neutral | $310.94M | -19.99 | -127.44% | 0.55% | -5.52% | -2194.72% | |
49 Neutral | $246.62M | -6.84 | -4.88% | 1.99% | -14.97% | -278.36% | |
49 Neutral | $388.32M | 191.55 | -0.07% | 3.39% | -3.22% | -108.24% |
* Consumer Defensive Sector Average
LMNR
Limoneira Co
13.62
-3.83
-21.93%
AGRO
Adecoagro SA
14.05
3.33
31.08%
ALCO
Alico
40.61
10.90
36.69%
CALM
Cal-Maine Foods
77.12
-6.52
-7.80%
FDP
Fresh Del Monte Produce
41.91
12.06
40.42%
LND
BrasilAgro Cia Brasileira de Propriedades Agricolas
3.97
0.12
3.12%
Limoneira Co Corporate Events
Executive/Board ChangesShareholder Meetings
Limoneira Shareholders Back Board, Pay Plan and Auditor
Positive
Mar 27, 2026
On March 25, 2026, Limoneira Company held its Annual Meeting in Santa Paula, California, with 79.46% of its outstanding voting capital stock represented, establishing a quorum for corporate action. Stockholders holding common and preferred shares ...
Business Operations and StrategyDividends
Limoneira Pauses Dividend to Fund Strategic Growth Initiatives
Positive
Mar 23, 2026
On March 23, 2026, Limoneira said its board had paused regular cash dividends on common stock to redirect capital toward strategic projects, including shifting more farmland into higher-value avocado production and developing new housing in one of...
Business Operations and Strategy
Limoneira Engages Consultant for Strategic Financial Advisory Support
Positive
Feb 12, 2026
On February 12, 2026, Limoneira Company entered into a three-month consulting agreement with Mark Palamountain under which he will provide strategic, financial, and transactional advisory services starting February 16, 2026. The arrangement, which...
Business Operations and StrategyExecutive/Board Changes
Limoneira Adopts New Transaction Incentives for Executives
Positive
Feb 5, 2026
On January 27, 2026, Limoneira’s board terminated prior retention bonus arrangements for President and CEO Harold S. Edwards and executive Gregory C. Hamm, replacing them with new Transaction Incentive Agreements executed on February 1 and F...
Business Operations and StrategyExecutive/Board Changes
Limoneira Appoints Gregory Hamm as New Chief Financial Officer
Neutral
Jan 28, 2026
On January 22, 2026, Limoneira’s Chief Financial Officer and Treasurer, Mark Palamountain, informed the company he would resign from his roles to pursue opportunities outside the business, though his departure date is still to be determined ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.