Want to see LMNR full AI Analyst Report?
Top Page
Limoneira Co
(NASDAQ:LMNR)
Select Model
Select Model
Rating:48Neutral
Price Target:
$10.50
▼(-22.22% Downside)
Action:Reiterated
Date:10/23/26
LMNR’s score is held back primarily by weak TTM fundamentals—large net losses, negative margins, and negative operating/free cash flow—alongside bearish price momentum below major moving averages. Partially offsetting this are a relatively supportive dividend yield, management’s more constructive forward commentary (expected positive adjusted EBITDA in Q4, higher avocado volume outlook, and planned asset monetizations), and corporate actions aimed at improving execution and liquidity.
Positive Factors
Low Current Leverage
Very low current debt relative to equity gives Limoneira financial flexibility to fund operations, pursue avocado expansion, and manage volatility without heavy interest obligations. This conservative leverage position may help the company execute asset monetizations and withstand periods of weak agricultural profitability.
Negative Factors
Sustained Losses and Cash Burn
Large losses and negative operating and free cash flow indicate that the current business is consuming cash rather than funding itself. If profitability does not recover, ongoing cash burn can constrain investment, increase reliance on asset sales or financing, and erode the value of the otherwise conservative balance sheet.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Current Leverage
Very low current debt relative to equity gives Limoneira financial flexibility to fund operations, pursue avocado expansion, and manage volatility without heavy interest obligations. This conservative leverage position may help the company execute asset monetizations and withstand periods of weak agricultural profitability.
Read all positive factors
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 (LMNR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$195.28M
Dividend Yield2.79%
Average Volume (3M)149.79K
Price to Earnings (P/E)―
Beta (1Y)0.70
Revenue Growth-19.91%
EPS Growth-342.57%
CountryUS
Employees191
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)-2.39
Shares Outstanding18,132,008
10 Day Avg. Volume145,475
30 Day Avg. Volume149,787
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)1.47
Price to Sales (P/S)1.58
P/FCF Ratio-12.89
Enterprise Value/Market Cap1.89
Enterprise Value/Revenue2.86
Enterprise Value/Gross Profit-50.73
Enterprise Value/Ebitda-9.61
Forecast
1Y Price Target
$23.75Price Target Upside75.93% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.56
Revenue Forecast (FY)$121.86M
Limoneira Co Business Overview & Revenue Model
Company Description
Limoneira Company operates as an agribusiness company in the United States and internationally. The company operates through four segments: Fresh Lemons, Lemon Packing, Avocados, and Other Agribusiness. It produces, processes, harvests, and packs ...
Limoneira Co Earnings Call Summary
Earnings Call Date:Sep 09, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Dec 17, 2026
Earnings Call Sentiment Positive
The call was predominantly positive, with management emphasizing improved adjusted EBITDA, higher avocado volumes and guidance, cost savings, asset monetization, water rights progress, real estate proceeds and a stronger fiscal year 2027 outlook. These positives were tempered by lower third-quarter revenue, increased GAAP operating and net losses, lemon oversupply and reduced lemon volume guidance, lower avocado pricing and higher debt.Positive Updates
Adjusted EBITDA and Adjusted Earnings Improved
Third-quarter adjusted EBITDA increased to $3.9 million from $3.0 million in the prior-year period, while adjusted net income was $400,000, or $0.02 per diluted share, compared with an adjusted net loss of $400,000, or $0.02 per diluted share, last year.
Negative Updates
Third-Quarter Revenue Declined
Total third-quarter net revenue declined to $43.8 million from $47.5 million, approximately 8% lower year over year. Agribusiness revenue declined to $42.2 million from $45.9 million, primarily due to the transition of citrus brokerage operations to Sunkist, which eliminated orange and specialty citrus revenue and reduced brokered lemon and other lemon sales.
Read all updates
Q3-2026 Updates
Positive
Negative
Adjusted EBITDA and Adjusted Earnings Improved
Third-quarter adjusted EBITDA increased to $3.9 million from $3.0 million in the prior-year period, while adjusted net income was $400,000, or $0.02 per diluted share, compared with an adjusted net loss of $400,000, or $0.02 per diluted share, last year.
Read all positive updates
Company Guidance
Management expects to achieve the lower end of fresh lemon volume guidance and sell 4.0 million to 4.25 million (sic) [ 4.5 million ] cartons in fiscal year 2026, while avocado volume is expected to be 7 million to 7.25 million pounds; fiscal year 2027 avocado production is expected to be more than 10 million pounds, an increase of approximately 30% over fiscal year 2026, with at least 30% increase in volume in fiscal year 2027 compared to fiscal year 2026. The company expects positive adjusted EBITDA in the fiscal fourth quarter, another asset monetization event, a monetization event from its Class 3 Colorado River water rights in 2026, and to monetize over $200 million in real estate development and nonstrategic land assets and water rights beginning in the fourth quarter of this year and over the next few years. It expects an additional $4 million in anticipated operating improvement, the organic recycling facility to process up to 295,000 tons of organic waste annually and become operational in the second half of fiscal year 2027, future proceeds from Harvest, Limoneira Lewis Community Builders II and East Area II to total $155 million over the next 5 fiscal years, and total proceeds of approximately $180 million from those projects spread out over 7 fiscal years; Phase 2 home sales are 2 to 7 homes per week, Phase 3 consists of approximately 500 home lots and is expected to go to market in fiscal year 2027, 300 apartments are expected to break ground in the second half of fiscal year 2027, the 25-acre East Area II Medical Pavilion project could begin to be monetized in fiscal year 2026, Windfall Farms is expected to close for $15 million on September 14, 2026, and an additional $2 million of insurance proceeds is anticipated in the fourth quarter of fiscal year 2026.Limoneira Co Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
64
Positive
Cash Flow
27
Negative
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 128.76M | 159.72M | 191.50M | 179.90M | 184.60M | 166.03M |
| Gross Profit | -7.27M | -530.00K | 21.42M | 6.12M | 19.52M | 13.20M |
| EBITDA | -38.37M | -10.24M | 20.88M | 22.43M | 12.44M | 7.15M |
| Net Income | -42.53M | -15.98M | 7.72M | 9.40M | -474.00K | -3.90M |
Balance Sheet | ||||||
| Total Assets | 299.35M | 318.22M | 298.81M | 301.21M | 368.52M | 392.28M |
| Cash, Cash Equivalents and Short-Term Investments | 2.21M | 1.51M | 3.00M | 3.63M | 857.00K | 439.00K |
| Total Debt | 108.97M | 74.50M | 43.70M | 45.48M | 105.81M | 132.82M |
| Total Liabilities | 138.18M | 127.38M | 96.31M | 100.71M | 176.65M | 193.03M |
| Stockholders Equity | 142.77M | 171.52M | 191.95M | 189.29M | 180.25M | 187.28M |
Cash Flow | ||||||
| Free Cash Flow | -30.75M | -19.55M | 8.44M | -26.18M | 4.76M | -229.00K |
| Operating Cash Flow | -14.65M | -6.01M | 17.85M | -15.87M | 14.83M | 9.61M |
| Investing Cash Flow | -18.26M | -18.35M | -9.19M | 90.58M | 19.43M | -10.24M |
| Financing Cash Flow | 33.11M | 22.84M | -9.29M | -71.92M | -33.52M | 534.00K |
Limoneira Co Technical Analysis
Negative
13.50
Price Trends
12.85
Negative
13.04
Negative
13.28
Negative
Market Momentum
-0.49
Positive
27.28
Positive
10.91
Positive
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 13.5 is above the 20-day moving average (MA) of 11.77, above the 50-day MA of 12.85, and above the 200-day MA of 13.28, indicating a bearish trend. The MACD of -0.49 indicates Positive momentum. The RSI at 27.28 is Positive, neither overbought nor oversold. The STOCH value of 10.91 is Positive, 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 |
|---|---|---|---|---|---|---|---|
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | $2.92B | 52.61 | 2.22% | 7.69% | -42.51% | -95.45% | |
56 Neutral | $1.46B | 155.64 | 3.03% | 2.93% | 7.20% | -10.41% | |
55 Neutral | $381.72M | -21.15 | -4.37% | 1.60% | 10.11% | -167.71% | |
50 Neutral | $275.75M | 177.00 | 1.50% | 0.54% | -61.38% | ― | |
48 Neutral | $195.28M | -4.51 | -27.40% | 2.79% | -19.91% | -342.57% |
* Consumer Defensive Sector Average
LMNR
Limoneira Co
10.77
-3.73
-25.73%
AGRO
Adecoagro SA
10.12
2.08
25.89%
ALCO
Alico
37.17
1.70
4.80%
CALM
Cal-Maine Foods
62.60
-25.30
-28.78%
LND
BrasilAgro Cia Brasileira de Propriedades Agricolas
3.60
-0.04
-1.04%
Limoneira Co Corporate Events
Business Operations and StrategyExecutive/Board Changes
Limoneira Appoints Ryan Young as New Chief Operating Officer
Positive
Oct 22, 2026
On October 22, 2026, Limoneira announced that its board had appointed produce operations veteran Ryan Young as Executive Vice President and Chief Operating Officer, effective November 9, 2026. Young will oversee farming and packing operations, tec...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Limoneira sells Paso Robles vineyards, records impairment
Negative
Aug 17, 2026
On August 15, 2026, Limoneira’s subsidiary Windfall Investors, LLC entered a Purchase and Sale Agreement to sell five vineyard properties in Paso Robles, Calif., totaling about 724 acres, for $15 million in cash to a private buyer following ...
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.