Limoneira Co (NASDAQ:LMNR) Given Price Target Of $23.055


As per Limoneira Co (NASDAQ:LMNR)’s news release on 2016-06-24, its shareholders will get cash dividend of $0.05 per share. The recent press release updated on the record date and payout date, which stands at 2016-07-05 and 2016-07-15, respectively.

The stock will commence trading ex-dividend from 2016-06-30, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Limoneira Co (NASDAQ:LMNR) disbursed $0.05 in dividend compared to distribution of $0.05, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 9.0909%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Limoneira Co (NASDAQ:LMNR) to attain a price target of $23.055. It is an average estimate figure given by 4 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $25. The low price range is set at $21 for next year while the arithmetic mean is seen at 1.

Eyeing Earnings Limoneira Co (NASDAQ:LMNR) is likely to post quarterly numbers around 2016-09-08 for the quarter ending 2016-07-31. The quarterly EPS projection is set at $0.62 for the period ending on 2016-07-31.

In last quarter ended 2015-10-31, Limoneira Co (NASDAQ:LMNR) earnings came at $0.08 suggesting a deviation of $-0.12. The brokerages targeted EPS of $0.2 for the quarter.

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