Limoneira Company (LMNR) Stock Price & Analysis
Limoneira Company (LMNR) closed at USD 10.96 on Thursday, October 22, 2026, up 1.86% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 10.76; the Oct 22, 2026 session ranged USD 10.81–11.09 on volume of 128,890 shares. Market capitalization is $198.73M, with a 52-week range of USD 10.65–15.43 (NMS). Source: Nexqual, retrieved October 23, 2026 at 11:43 UTC.
Also available as compact Markdown for AI agents: nexqual.com/LMNR.md
Key facts (LMNR)
- Last four reported quarters (through Jul 31, 2026): revenue $129M, net income -$42.5M (-33.0% margin) (SEC filings).
- Insider open-market sales, last ~7 months: 6 Form 4 filings, $77K; 0 not under a Rule 10b5-1 plan ($0K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.33 on a 1–5 scale) (3 analysts), mean target USD 20.83 (range 15–31).
- Total return with dividends: 1Y -24.6% vs S&P 500 +14.9%; 5Y -24.6% vs S&P 500 +80.3%.
- Next earnings: 2026-09-09, EPS estimate USD 0.09, revenue estimate $34.2M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (LMNR)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $166M | $185M | $180M | $192M | $160M | $129M |
| Gross profit | $17.5M | $24.0M | $10.7M | $26.7M | $4.9M | — |
| Operating income | -$6.3M | $2.2M | $10.8M | -$6.2M | -$20.4M | -$46.3M |
| Net income | -$3.4M | -$236K | $9.4M | $7.7M | -$16.0M | -$42.5M |
| EPS (diluted) | -$0.23 | -$0.04 | $0.50 | $0.40 | -$0.93 | — |
| Gross margin | 10.6% | 13.0% | 6.0% | 13.9% | 3.1% | — |
| Operating margin | -3.8% | 1.2% | 6.0% | -3.2% | -12.8% | -35.9% |
| Net margin | -2.1% | -0.1% | 5.2% | 4.0% | -10.0% | -33.0% |
| Revenue growth | +0.9% | +11.2% | -2.5% | +6.4% | -16.6% | — |
| Cash + short-term investments | $439K | $857K | $3.6M | $3.0M | $1.5M | — |
| Total debt | $133M | $106M | $41.0M | $40.6M | $72.5M | — |
Fiscal years end Oct. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 31, 2026) (LMNR)
P/S 1.5x · EV/Sales 2.3x · P/B 1.3x · Earnings yield -21.40% · Dividend yield (paid, TTM) 1.36% · Net debt $99.3M · EV $298M
P/E at fiscal year-ends: Oct 2024 58.9x, Oct 2023 26.8x.
Insider sales (SEC Form 4, open-market, last ~7 months) (LMNR)
6 of 6 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-01 | Hamm Gregory C. | VP, CFO and Treasurer | 1,000 | $12K | 1.2% | Yes (adopted December 30, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-09-01 | Hamm Gregory C. | VP, CFO and Treasurer | 1,000 | $14K | 1.2% | Yes (adopted December 30, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-08-03 | Hamm Gregory C. | VP, CFO and Treasurer | 1,000 | $13K | 1.1% | Yes (adopted December 30, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-07-01 | Hamm Gregory C. | VP, CFO and Treasurer | 1,000 | $13K | 1.1% | Yes (adopted December 30, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-06-01 | Hamm Gregory C. | VP, CFO and Treasurer | 1,000 | $13K | 1.1% | Yes (adopted December 30, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-05-01 | Hamm Gregory C. | VP, CFO and Treasurer | 1,000 | $13K | 1.1% | Yes (adopted December 30, 2025) | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (LMNR)
Consensus Buy (mean 2.33 on a 1–5 scale), 3 analysts; mean target USD 20.83 (low 15, high 31).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-10 | Lake Street | Target lowered | Buy | $18 → $16.5 |
Total return (dividends reinvested) (LMNR)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -24.6% | -24.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -24.6% | -5.5% |
| Volatility (annualized) | 31.8% | 34.8% |
| Max drawdown | -28.4% (Sep 2026→Oct 2026) | -59.9% (Nov 2024→Oct 2026) |
LMNR revenue by business segment (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Fresh Lemons | $17.9M | 40.8% | -9.0% |
| Lemon Packing | $15.9M | 36.3% | +9.2% |
| Avocados | $8.0M | 18.3% | -5.4% |
| Other Agribusiness | $381,000 | 0.9% | -88.3% |
| Total revenue | $43.8M | 100% | — |
LMNR revenue by product line (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Other | $381,000 | 0.9% | -55.3% |
| Total revenue | $43.8M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
LMNR suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Limoneira Lewis Community Builders | “To consummate the transaction, we formed Limoneira Lewis Community Builders, LLC ("LLCB") as the development entity, contributed our East Area I property to the joint venture and sold a 50% interest in the joint venture to Lewis.” |
| Partner | LLCB II | “We formed LLCB II, LLC as the development entity, contributed our Retained Property to the joint venture and sold a 50% interest to Lewis.” |
| Partner | Agromin | “On April 8, 2025, we announced that we are entering into a letter of intent to form a 50%/50% joint venture with Agromin Corporation, the largest organics waste recycler in California, to significantly expand Agromin Corporation's successful organic waste recycling program.” |
| Partner | Sunkist Growers | “On June 6, 2025, we entered into a Commercial Packinghouse License Agreement with Sunkist Growers, Inc., a nonprofit marketing cooperative ("Sunkist"), effective as of November 1, 2025.” |
Quoted from the company's 10-K filed Dec 23, 2025.
LMNR customer concentration
In the period ended Jul 31, 2026, a single direct customer accounted for 81% of revenue, per the company's 10-Q filed Sep 9, 2026. The company does not name it.
LMNR company outlook (results filed Sep 9, 2026)
- “Guidance for Full Year Fiscal 2026 SANTA PAULA, Calif.-- (BUSINESS WIRE) – September 9, 2026 -- Limoneira Company (the "Company" or "Limoneira") (Nasdaq: LMNR), a diversified lemon and avocado growing and lemon packing company with related agribusiness activities and real estate development operations, today reported financial results for the third quarter ended July 31, 2026.”
- “We now expect to achieve the lower end of our lemon volume guidance as a result of higher imports, and we are again raising our avocado volume guidance for fiscal year 2026.”
- “Looking ahead, we expect to produce more than 10 million pounds of avocados in fiscal year 2027, an increase of approximately 30 percent over fiscal year 2026.”
- “This anticipated growth next year is primarily driven by the 400 acres of avocados we planted in 2023 and 2024, which we expect will set a crop this year and contribute to fiscal year 2027 volumes." We expect the sale of Windfall Farms for $15 million t”
Quoted word-for-word from the SEC 8-K results press release.
LMNR analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Oct 2026) | $0.09 | $0.23 | -62.9% | $34.2M | 3 |
| Next quarter (ends Jan 2027) | $-0.16 | $-0.17 | -5.9% | $19.4M | 2 |
| Current fiscal year (ends Oct 2026) | $-0.66 | $-0.35 | +89.4% | $120.1M | 3 |
| Next fiscal year (ends Oct 2027) | $0.45 | $0.51 | -12.3% | $141.7M | 3 |
LMNR options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Dec 18, 2026 | 56 | 61.6% | ±20.3% |
| Mar 19, 2027 | 147 | 34.2% | ±18.7% |
| Jun 17, 2027 | 237 | 34.2% | ±23.0% |
30-day implied volatility 25.1% vs 31.3% realized over the last 30 trading days. Put/call ratio (volume) —. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 11:43 UTC)
| Price | USD 10.96 |
|---|---|
| Change | ▲ 1.86% (up) |
| Previous Close | USD 10.76 |
| Open | USD 10.81 |
| Day Range | USD 10.81 – 11.09 |
| 52-Week Range | USD 10.65 – 15.43 |
| Volume | 128,890 shares |
| Market Cap | $198.73M |
| Exchange | NMS |
Technical Analysis (LMNR)
Nexqual's technical model rates LMNR "SELL" based on 3 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 11:43 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 24.03 (oversold) |
| vs SMA50 | Below (USD 12.91) |
| MACD | -0.46 (negative) |
Analyst Ratings (LMNR)
Wall Street analysts rate LMNR "Buy" based on 3 analysts, with a mean price target of USD 20.83 (range USD 15–31), per Nexqual as of October 23, 2026 at 11:43 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 3 |
| Mean Target | USD 20.83 |
| High Target | USD 31 |
| Low Target | USD 15 |
| Buy / Hold / Sell | 2 / 1 / 0 |
Earnings (LMNR)
| Next Earnings Date | 2026-09-09 |
|---|---|
| EPS Estimate | USD 0.09 |
| Revenue Estimate | $34.22M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-07-31 | USD 0.02 vs est 0.19 ▼ miss |
| 2026-04-30 | USD -0.29 vs est -0.21 ▼ miss |
| 2026-01-31 | USD -0.48 vs est -0.33 ▼ miss |
| 2025-10-31 | USD -0.45 vs est -0.11 ▼ miss |
Source: Nexqual, October 23, 2026 at 11:43 UTC.
Financials & Fundamentals (LMNR)
| Total Revenue | $128.76M |
|---|---|
| Revenue Growth (latest quarter, YoY) | -7.70% |
| Gross Margin | -8.11% |
| Operating Margin | +3.43% |
| Profit Margin | -33.03% |
| ROE | -24.75% |
| Debt / Equity | 0.68 |
| Current Ratio | 1.51 |
| Total Cash | $2.21M |
| Total Debt | $108.97M |
Source: Nexqual, October 23, 2026 at 11:43 UTC.
Financial Health Score (LMNR)
Nexqual rates Limoneira Company's overall financial health "Weak" across five dimensions, as of October 23, 2026 at 11:43 UTC.
| Growth | Critical — Revenue -17% YoY (annual), sharp decline |
|---|---|
| Profitability | Critical — Gross margin -8% (last 12 months) |
| Balance Sheet | Solid — $2M cash and investments vs $102M debt (Jul 2026, SEC) |
| Cash Flow | Weak — Operating cash flow -$6M (FY ended Oct 2025, 10-K) |
| Efficiency | Critical — ROE -25%, ROA -6.6% |
Ownership (LMNR)
| Insider Ownership | +9.69% |
|---|---|
| Institutional Ownership | +62.19% |
| Shares Outstanding | 18.13M |
| Float | 16.38M |
| Short % of Float | +7.15% |
Source: Nexqual, October 23, 2026 at 11:43 UTC.
Leadership (LMNR)
Limoneira Company is led by Harold S. Edwards, President, CEO & Director, per Nexqual as of October 23, 2026 at 11:43 UTC.
| President, CEO & Director | Harold S. Edwards |
|---|---|
| VP, CFO & Treasurer | Gregory C. Hamm |
| Vice President of Citrus Operations & Technology | Anthony Ecuyer |
| Vice President of Human Resources & Compliance and Corporate Secretary | Amy Fukutomi |
| Director of Corporate Communications | Michael Gonzales |
Major Backers & Investors (LMNR)
Notable institutional backers of Limoneira Company include Global Alpha Capital Management Ltd., First Wilshire Securities Management Inc, Ameriprise Financial, Inc., according to Nexqual as of October 23, 2026 at 11:43 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Global Alpha Capital Management Ltd. | 15.99% |
| First Wilshire Securities Management Inc | 3.23% |
| Ameriprise Financial, Inc. | 2.85% |
| Flax Pond Capital, LLC | 1.96% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 6.33% |
| Vanguard Group | 3.94% |
| Geode Capital | 2.29% |
| Dimensional Fund Advisors | 2.04% |
| Columbia Threadneedle | 2% |
| State Street | 1.91% |
Source: Nexqual, October 23, 2026 at 11:43 UTC.
From Limoneira Company's Latest SEC 10-K Filing (filed 2025-12-23)
Key Strengths & Strategy (as disclosed to the SEC)
- Agribusiness activities are performed through these four reporting segments: We are one of California's oldest citrus growers and according to the California Avocado Commission, we are one of the largest growers of avocados in the United States.
- To enable us to determine the strategy for Del Mar to enhance long term financial returns and to provide liquidity for limited partners, on March 21, 2025, we made an offer to purchase up to 224,859 limited partnership units of Del Mar from the limited partners (the "Offer").
- We are one of the largest lemon growers in the United States with approximately 3,100 acres of lemons planted primarily in Ventura County, California and in Yuma County, Arizona.
- We are one of the largest avocado growers in the United States with approximately 1,500 acres of avocados planted throughout Ventura County.
Partnerships
- On June 6, 2025, we entered into a Commercial Packinghouse License Agreement with Sunkist Growers, Inc., a nonprofit marketing cooperative ("Sunkist"), effective as of November 1, 2025.
- On March 17, 2025, we announced that our Board of Directors approved a share repurchase program authorizing us to repurchase up to $30.0 million in shares of our outstanding common stock.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes in immigration laws could impact the ability of Limoneira to harvest its crops.
- Environmental and other regulation of our business, including potential climate change regulation, could adversely impact us by increasing our production cost or restricting our ability to import certain products into the United States.
- Government regulation could increase our production costs and increase legal and regulatory expenses.
- We are subject to various land use regulations and require governmental approvals for our developments that could be denied.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| AFRI | Forafric Global PLC | USD 12.07 | ▲ 0.84% |
| VFF | Village Farms International, In | USD 2.71 | ▼ 1.45% |
| VITL | Vital Farms, Inc. | USD 9.41 | ▲ 15.18% |
| DOLE | Dole plc | USD 13.52 | ▲ 3.13% |
| DMC | Del Monte Corporation | USD 29.93 | ▲ 7.28% |
| AGRO | Adecoagro S.A. | USD 9.83 | ▲ 3.69% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 11:43 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt