Limoneira
Grows and packs lemons while managing avocado, land, water, and rental assets.
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Profile
Produces and packs lemons, sells avocados and other crops, and operates rental, land, water, and California real-estate assets. The business is concentrated in agribusiness but shaped by Sunkist execution, harvest timing, weather, water availability, labor, and development approvals.
Produces fresh lemons, lemon packing services, avocados, and other agribusiness crops from a Santa Paula base, with operations tied to California and select international farming regions. Other agribusiness includes oranges, specialty citrus, and wine grapes, while rental operations and real-estate development sit alongside the crop business.
Owns agricultural land and water resources and carries a land-stewardship identity rooted in its original lemon acreage. Lemon products can carry Limoneira and Sunkist branding after the packinghouse license transition, and management is shifting activity toward higher avocado production and asset monetization.
Agribusiness remains exposed to crop quality, harvest timing, weather, drought, pests, labor availability, and commodity price and volume swings. Real-estate value depends on partner capital, financing, land-use approvals, water availability, and California development conditions.
Company facts
Categories
Key statistics
Year to date +8.0% · Average volume (30d) 64.1K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jun 10, 2026 | Lake Street | Reiterate | Buy | $23 | $18 | |
| Jun 10, 2025 | Lake Street | Upgrade | Hold | Buy | ||
| Sep 10, 2024 | Lake Street | Downgrade | Buy | Hold |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jun 9, 2026Q2 FY26 | −$0.26 | −$0.29 | −11.5% | $21.4M | $23.9M | +11.7% | +8.93% |
| Mar 12, 2026Q1 FY26 | −$0.33 | −$0.48 | −45.5% | $16.1M | $18.2M | +13.4% | −4.21% |
| Sep 9, 2025Q3 FY25 | −$0.11 | −$0.02 | +81.3% | $36.0M | $42.8M | +19.1% | −5.28% |
| Jun 9, 2025Q2 FY25 | −$0.01 | −$0.17 | −1,600.0% | $61.7M | $35.1M | −43.1% | +2.35% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $34.3M | $35.1M | $47.5M | $42.8M | $18.2M | $23.9M | |
| Gross profit | −$365.0K | $2.4M | $4.3M | −$6.2M | −$6.1M | −$243.0K | |
| Operating income | −$5.3M | −$3.3M | −$615.0K | −$14.7M | −$10.5M | −$4.5M | |
| Net income | −$3.1M | −$3.4M | −$855.0K | −$8.7M | −$9.4M | −$21.4M | |
| Diluted EPS | −$0.18 | −$0.20 | −$0.06 | −$0.49 | −$0.53 | −$1.20 | |
| Gross margin | -1.1% | 6.9% | 9.1% | -14.5% | -33.6% | -1.0% | |
| Operating margin | -15.6% | -9.5% | -1.3% | -34.4% | -57.6% | -19.0% |
Fiscal years (4-quarter sums)FY21 $166.0M · FY22 $184.6M · FY23 $179.9M · FY24 $191.5M · FY25 $159.7M
Revenue by product · Q2 FY26
Balance sheet, Apr 30, 2026Cash & short-term investments $891.0K · Total debt $99.8M · Total assets $293.8M · Shareholders' equity $145.4M
Dividends
Raised for 16 straight years.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Dec 30, 2025 | Dec 30 | Jan 16 | $0.075 | |
| Oct 6, 2025 | Oct 6 | Oct 17 | $0.075 | |
| Jul 7, 2025 | Jul 7 | Jul 18 | $0.075 | |
| Mar 31, 2025 | Mar 31 | Apr 11 | $0.075 | |
| Dec 30, 2024 | Dec 30 | Jan 15 | $0.075 | |
| Oct 7, 2024 | Oct 7 | Oct 18 | $0.075 | |
| Jul 8, 2024 | Jul 8 | Jul 19 | $0.075 | |
| Mar 28, 2024 | Apr 1 | Apr 12 | $0.075 |
Ownership
Shares outstanding 18.13M · Float 16.37M · 90.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Global Alpha Capital Management Ltd. | 2.90M | 15.99% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 1.15M | 6.33% | 13F | Aug 7, 2026 |
| Peter J. Nolan · director | 1.14M | 6.29% | Form 4 | Mar 26, 2026 |
| Vanguard Capital Management LLC | 715.1K | 3.94% | 13F | Aug 13, 2026 |
| First Wilshire Securities Management Inc | 586.5K | 3.23% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 3, 2026 | Gregory C. Hamm | officer: VP, CFO and Treasurer | −1,000 | $12.99 |
| Jul 1, 2026 | Gregory C. Hamm | officer: VP, CFO and Treasurer | −1,000 | $13.05 |
| Jun 1, 2026 | Gregory C. Hamm | officer: VP, CFO and Treasurer | −1,000 | $12.77 |
| May 1, 2026 | Gregory C. Hamm | officer: VP, CFO and Treasurer | −1,000 | $12.78 |
| Apr 2, 2026 | Gregory C. Hamm | officer: VP, CFO and Treasurer | −1,000 | $13.41 |
Peers
- Del Monte
Broad fresh-produce rival in avocados, citrus, and retail channels
- Dole
Global fresh-produce platform overlapping citrus, avocados, and channels
- Mission Produce
Scaled avocado supplier now combining Mission and Calavo platforms
- Alico
Residual Florida citrus and land peer after citrus wind-down
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Limoneira | $13.78 | −0.18% | $249.9M | — | 71.4 | 1.9 | −31.9% |
| Del Monte | $29.22 | +2.96% | $1.39B | 39.0 | — | 0.3 | −4.9% |
| Dole | $13.78 | 0.00% | $1.31B | 22.2 | 9.7 | 0.1 | +2.9% |
| Mission Produce | $12.77 | −0.04% | $1.13B | 39.9 | 19.5 | 0.9 | −26.7% |
| Alico | $40.42 | −0.15% | $299.8M | 192.5 | — | 17.6 | +7.8% |
| Median | 39.4 | 14.6 | 0.6 | −1.0% |