Limoneira Co Stock Price, News & Analysis

Limoneira Company (LMNR) will release its financial results for the fourth quarter and full fiscal year ended October 31, 2021 on January 10, 2022, post-market close. A conference call to discuss these results is scheduled for 1:30 pm Pacific Time on the same day. Investors can access the call or listen to the archived webcast on the company's website. Limoneira, based in Santa Paula, California, specializes in citrus production and related agribusiness activities.

On December 14, 2021, Limoneira Company (NASDAQ: LMNR) declared a quarterly cash dividend of $0.075 per common share, payable on January 14, 2022, to stockholders of record on December 27, 2021. Limoneira, headquartered in Santa Paula, California, has over 15,400 acres of agricultural land and produces lemons, avocados, oranges, and specialty citrus. Founded 128 years ago, it focuses on sustainable agricultural practices and has operations in California, Arizona, Chile, and Argentina.

Limoneira Company (NASDAQ: LMNR) announced its participation in the Stephens 23rd Annual Investment Conference scheduled for December 1-3, 2021, in Nashville, TN. CEO Harold Edwards and CFO Mark Palamountain will engage in a fireside chat on December 2, 2021, at 1:00 pm PT. This chat will be available for live streaming and will be archived on the company's website. Limoneira, based in Santa Paula, California, has over 15,400 acres of agricultural land and specializes in producing lemons, avocados, oranges, and specialty citrus.

Limoneira Company (NASDAQ: LMNR) announced the appointment of Elizabeth (Beth) Mora to its Board of Directors, expanding the board to 11 members, nine of whom are independent. Mora brings over 30 years of experience in finance and ESG, having held executive roles at Draper and Harvard. Her expertise is expected to enhance Limoneira's strategic direction and commitment to diversity and sustainability. Mora expressed enthusiasm for contributing to the company's long-term growth while honoring its legacy.

Limoneira Company (Nasdaq: LMNR) announced the completion of Phase 1 of its joint venture with The Lewis Group of Companies, closing 30 additional residential homesites with K. Hovnanian Homes, totaling 586 residential units sold. This follows 232 units sold in fiscal 2021. The Harvest at Limoneira project, located in Southern California, boasts scenic views and is attracting strong interest from buyers. Limoneira continues to grow as a diversified agribusiness with significant real estate development operations.

On September 28, 2021, Limoneira Company (NASDAQ: LMNR) declared a quarterly cash dividend of $0.075 per common share. This dividend is payable on October 22, 2021, to stockholders of record on October 11, 2021. Limoneira, a longstanding agribusiness based in Santa Paula, California, specializes in citrus production and holds extensive agricultural assets across California, Arizona, Chile, and Argentina. The company emphasizes sustainability and has a diversified portfolio in agriculture and real estate.

Limoneira Company (LMNR) announced a share repurchase program worth $10 million, which reflects the Board of Directors' confidence in the company's future growth. The buyback is aimed at maximizing shareholder value and will be executed through various methods until September 2022, depending on market conditions. CEO Harold Edwards emphasized the commitment to strategically deploy capital and enhance shareholder value. Limoneira, a leader in citrus production, continues to pursue sustainable practices across its extensive agricultural lands.

Limoneira Company (Nasdaq: LMNR) has signed a Memorandum of Understanding with Wileman Bros. & Elliott, Inc. to collaborate on their citrus sales under the One World of Citrus Alliance program. This partnership combines citrus volumes and expertise, aiming to enhance grower returns and service levels. Limoneira will continue to supply oranges and specialty citrus, while Wileman Bros. will manage packing and shipping. Both companies will maintain their brands, and a unified invoicing system will simplify transactions.

Limoneira Company (Nasdaq: LMNR) reported strong financial results for Q3 FY 2021, with operating income up 86% year-over-year, reaching $3.4 million. Total revenues were $49.1 million, down from $53.6 million in Q3 FY 2020, impacted by reduced avocado sales due to drought. Fresh lemon sales contributed $24.4 million, while avocado revenue fell to $4.1 million. The company is optimistic about future growth, supported by a digital transformation plan and real estate project expected to generate $80 million in cash distributions over six years, starting FY 2022.