Limoneira Co (LMNR) AI Stock Analysis

• Market Cap: $248.34M
• Dividend Yield: 2.18%
• Average Volume (3M): 77.27K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.75
• Revenue Growth: -14.97%
• EPS Growth: -278.36%
• Country: US
• Employees: 241
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Agricultural Farm Products
• EPS (TTM): -0.02
• Shares Outstanding: 18,048,294
• 10 Day Avg. Volume: 100,914
• 30 Day Avg. Volume: 77,269
• PEG Ratio: -2.94
• Price to Book (P/B): 2.37
• Price to Sales (P/S): 2.37
• P/FCF Ratio: 53.82
• Enterprise Value/Market Cap: 1.40
• Enterprise Value/Revenue: 2.16
• Enterprise Value/Gross Profit: 74.37
• Enterprise Value/Ebitda: -88.45
• 1Y Price Target: $24.00
• Price Target Upside: 74.42% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: $14.00 ▲(1.74% Upside)

Limoneira Co's overall stock score reflects a stable financial foundation with strong cash flow management, but significant challenges in profitability and revenue growth. Technical analysis indicates bearish momentum, while valuation metrics show a mixed outlook with a negative P/E ratio but a reasonable dividend yield. The earnings call suggests potential future growth through strategic initiatives, yet current financial challenges persist.

Positive Factors

Strategic Partnership

The strategic partnership with Sunkist is set to enhance operational efficiency and profitability, providing a durable competitive advantage in citrus sales.

Real Estate Development

Successful real estate projects like Harvest at Limoneira diversify revenue streams and provide significant long-term financial benefits.

Avocado Production Expansion

Expansion in avocado production will significantly boost revenue and market share, capitalizing on growing demand for avocados.

Negative Factors

Revenue Decline

The decline in revenue indicates challenges in maintaining market position and pricing power, affecting long-term financial stability.

Profitability Challenges

Sustained profitability challenges highlight inefficiencies in cost management and market pressures, impacting long-term growth potential.

Agribusiness Revenue Decline

Declining agribusiness revenue suggests vulnerability to market fluctuations and pricing pressures, affecting core business sustainability.

Limoneira Co Business Overview & Revenue Model

Company Description

Limoneira Co (LMNR) is a leading agribusiness headquartered in Santa Paula, California, specializing in the cultivation and marketing of lemons and avocados. The company operates primarily in the agricultural sector, focusing on sustainable farming practices and innovative supply chain solutions. Limoneira is involved in the growing, packing, and distribution of fresh produce, serving both domestic and international markets. Its core products include fresh lemons, avocados, and a range of value-added products such as lemon juice and lemon oil.

How the Company Makes Money

Limoneira generates revenue through multiple streams, primarily from the sale of fresh lemons and avocados. The company sells its produce to wholesalers, retailers, and food service operators, both in the United States and internationally. Key revenue streams include fresh fruit sales, which account for the bulk of its income, and value-added products that cater to food manufacturers and other businesses. Additionally, Limoneira benefits from strategic partnerships with distributors and retailers, enhancing its market reach. The company also engages in agribusiness operations, including land leasing and selling agricultural products, which further contribute to its earnings. Seasonal demand fluctuations, crop yields, and market pricing play crucial roles in influencing the company's overall financial performance.

Limoneira Co Financial Statement Overview

Summary

Limoneira Co demonstrates a stable financial foundation with strong cash flow management, despite challenges in achieving consistent revenue growth and profitability. The company's balance sheet is healthy, with manageable leverage and a strong equity position. However, improving profitability margins and maintaining revenue growth are critical to enhancing financial performance in the future.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	160.76M	191.50M	179.90M	184.60M	166.03M	164.56M
Gross Profit	4.67M	21.42M	6.12M	19.52M	13.20M	2.77M
EBITDA	-3.93M	21.62M	23.29M	12.88M	7.67M	-13.82M
Net Income	-9.15M	7.72M	9.40M	-474.00K	-3.90M	-17.94M
Balance Sheet
Total Assets	299.91M	298.81M	301.21M	368.52M	392.28M	389.60M
Cash, Cash Equivalents and Short-Term Investments	2.11M	3.00M	3.63M	857.00K	439.00K	501.00K
Total Debt	39.00K	43.70M	45.48M	105.81M	132.82M	125.85M
Total Liabilities	108.81M	96.31M	100.71M	176.65M	193.03M	183.03M
Stockholders Equity	180.29M	191.95M	189.29M	180.25M	187.28M	192.83M
Cash Flow
Free Cash Flow	-12.67M	8.44M	-26.18M	4.76M	-229.00K	-21.92M
Operating Cash Flow	-364.00K	17.85M	-15.87M	14.83M	9.61M	-11.32M
Investing Cash Flow	-12.36M	-9.19M	90.58M	19.43M	-10.24M	3.85M
Financing Cash Flow	13.71M	-9.29M	-71.92M	-33.52M	534.00K	7.36M

Limoneira Co Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 13.76
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LMNR, the sentiment is Neutral. The current price of 13.76 is above the 20-day moving average (MA) of 13.55, below the 50-day MA of 14.27, and below the 200-day MA of 15.99, indicating a neutral trend. The MACD of -0.27 indicates Negative momentum. The RSI at 52.98 is Neutral, neither overbought nor oversold. The STOCH value of 86.73 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for LMNR.

Limoneira Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FDP	69 Neutral	$1.73B	22.05	3.95%	3.29%	1.11%	414.23%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
LMNR	57 Neutral	$248.34M	―	-4.88%	2.18%	-14.97%	-278.36%
AGRO	52 Neutral	$801.95M	34.35	1.69%	4.36%	-7.37%	-84.53%
ALCO	50 Neutral	$269.51M	―	-83.19%	0.57%	-5.52%	-2194.72%
LND	48 Neutral	$360.59M	―	-1.12%	3.31%	-3.22%	-108.24%

Limoneira Co Corporate Events

Limoneira Co Sells Chilean Land for $15 Million

On November 7, 2025, Limoneira Company’s Chilean subsidiaries sold 500 acres of lemons, 100 acres of oranges, and other unplanted lands to San Pedro, SpA for approximately $15 million. The transaction aligns with Limoneira’s strategy to monetize non-strategic land and water assets, while maintaining a 47% interest in a Chilean citrus packing, selling, and marketing business. This sale is part of Limoneira’s broader value creation strategy, which includes streamlining operations, expanding avocado production, optimizing lemon packing through a partnership with Sunkist, and selling non-strategic land and water rights.

The most recent analyst rating on (LMNR) stock is a Hold with a $15.50 price target. To see the full list of analyst forecasts on Limoneira Co stock, see the LMNR Stock Forecast page.

Limoneira Co Ends Agreement with PAI Centurion Citrus

Limoneira Company and PAI Centurion Citrus, LLC mutually agreed to terminate their Grower Packing & Marketing Agreement, effective October 13, 2025. The termination acknowledges the delivery of the 2024/2025 lemon crop and releases both parties from future obligations, except for certain surviving payment and cost provisions.

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’s Earnings Call: Challenges and Strategic Growth

The recent earnings call for Limoneira presented a mixed sentiment, highlighting both challenges and opportunities. While the company is navigating through a period of declining revenue and profitability, it is also strategically positioning itself for future growth. Key initiatives such as partnerships, real estate developments, and water monetization were discussed, indicating a transition towards a more promising future despite current hurdles in the agribusiness sector, particularly with lemons and avocados.

Limoneira Reports Q3 2025 Results Amid Strategic Shifts

Limoneira Company, a diversified agribusiness specializing in citrus production and real estate development, has reported its financial results for the third quarter of fiscal year 2025. The company is known for its sustainable practices and extensive agricultural operations across California, Arizona, Chile, and Argentina.