Limoneira Co (LMNR) AI Stock Analysis

• Market Cap: $283.50M
• Dividend Yield: 1.91%
• Average Volume (3M): 54.54K
• Price to Earnings (P/E): 37.0
• Beta (1Y): 0.68
• Revenue Growth: -0.94%
• EPS Growth: 0.47%
• Country: US
• Employees: 241
• Sector: Consumer Defensive
• Sector Strength: 69
• Industry: Agricultural Farm Products
• EPS (TTM): -0.17
• Shares Outstanding: 18,069,029
• 10 Day Avg. Volume: 49,993
• 30 Day Avg. Volume: 54,542
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.22
• Enterprise Value/Revenue: 1.95
• Enterprise Value/Gross Profit: 16.22
• Enterprise Value/Ebitda: 41.46
• 1Y Price Target: $19.50
• Price Target Upside: 24.28% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 60 Neutral
• Price Target: $16.00 ▲(1.98% Upside)

Limoneira Co's overall stock score reflects a stable financial foundation with strong cash flow management and strategic partnerships. However, challenges in profitability and valuation metrics weigh down the score. The company's efforts to enhance operational efficiency and strategic growth through partnerships are positive, but consistent revenue growth and improved profitability margins are needed for a higher score.

Positive Factors

Cost Reduction

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.

Earnings Improvement

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

Negative Factors

Price Decline

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

Weak Market Performance

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

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 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: Neutral
• Last Price: 15.69
• 50DMA: Positive
• 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 15.69 is above the 20-day moving average (MA) of 15.19, above the 50-day MA of 15.41, and below the 200-day MA of 20.03, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 56.17 is Neutral, neither overbought nor oversold. The STOCH value of 87.49 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	76 Outperform	$1.74B	11.64	7.49%	3.15%	1.41%	―
LND	71 Outperform	$367.84M	6.11	15.25%	6.94%	1.09%	21.46%
AGRO	68 Neutral	$918.94M	14.67	4.51%	3.80%	17.05%	-73.53%
LMNR	60 Neutral	$283.50M	36.96	-0.97%	1.91%	-0.94%	0.47%
Sector *	54 Neutral	C$5.41B	6.72	11.95%	3.34%	4.99%	-2.01%
ALCO	53 Neutral	$247.60M	32.96	-70.02%	0.62%	23.36%	-451.44%

Limoneira Co Corporate Events

Limoneira Co Increases Stake in Del Mar Partnership

On August 4, 2025, Limoneira Company completed a purchase of 80,608 limited partnership units from Del Mar’s limited partners, increasing its ownership from 28.8% to 54.5%. This strategic move, initiated on March 21, 2025, aims to enhance long-term financial returns and provide liquidity, potentially strengthening Limoneira’s position in the agricultural sector.

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 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.