Limoneira Company (LMNR) AI Stock Analysis
LMNR AI stock analysis summary
AI ResearchLimoneira Company is an agribusiness and real estate development firm focused on growing and marketing citrus, avocados, and other specialty crops. The company faced top-line headwinds as FY2025 revenue declined 16.6% to $159.7M, resulting in a net loss of -$16.0M. In the latest quarter ended July 31, 2026, quarterly revenue fell 7.7% year-over-year while quarterly earnings grew 96.0%.
- Market cap
- $216.5M
- Revenue (TTM)
- $128.8M
- P/E
- — fwd 13.6x
- 1Y return
- -18.1% S&P 500 16.8%
- Avg. target
- $20.83 74.5% vs last close
Bull case
- Analysts maintain a positive outlook with 2 Strong Buy ratings out of 3 total ratings and a mean price target of $20.83, representing 74.5% upside above the $11.94 close.
- Consensus estimates project a return to profitability in the next fiscal year, forecasting EPS of $0.45 representing 168.5% growth.
- Quarterly earnings improved significantly in the quarter ended July 31, 2026, rising 96.0% year-over-year.
Bear case
- Revenue fell 16.6% in FY2025 to $159.7M, driving a net margin of -10.0% and negative free cash flow of -$19.5M.
- The balance sheet maintains $106.8M in net debt with only $2.2M in cash and short-term investments as of July 31, 2026.
- Limoneira missed earnings projections across each of its last 4 quarters, recording 0 EPS beats.
What Limoneira does
Limoneira Company functions as a diversified agribusiness and real estate development firm operating across the United States and international markets. It operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. The company grows, processes, packages, markets, and sells lemons, avocados, oranges, specialty citrus, and other crops such as pistachios and wine grapes. Limoneira manages approximately 5,600 acres of lemon orchards in California, Arizona, Chile, and Argentina, alongside 900 acres of avocados, 1,000 acres of oranges, and 1,000 acres of specialty crops. It also develops residential and commercial real estate and leases housing, office space, and agricultural land to third-party tenants.
Growth and profitability
Limoneira generated revenue of $166.0M in FY2021, which grew 11.2% to $184.6M in FY2022 before decreasing 2.5% to $179.9M in FY2023. Revenue peaked at $191.5M in FY2024 with a gross margin of 11.2% and net income of $7.7M, but dropped 16.6% in FY2025 to $159.7M. FY2025 gross margin fell to -0.3% and operating margin was -15.1%, contributing to a net loss of -$16.0M and EPS of -$0.82. From FY2020 to FY2025, revenue posted a 5-year CAGR of -0.6%. Over the trailing twelve months, revenue was $128.8M with an operating margin of 3.4% and an EPS of -$2.41. In the latest quarter ended July 31, 2026, revenue dropped 7.7% year-over-year, while earnings increased 96.0%.
Balance sheet and cash flow
As of July 31, 2026, Limoneira held $2.2M in cash and short-term investments against total debt of $109.0M, resulting in net debt of $106.8M. Total assets stood at $299.4M and shareholders' equity was $142.8M, yielding a debt-to-equity ratio of 0.76 and a current ratio of 1.51. In FY2025, operating cash flow was -$6.0M and free cash flow was -$19.5M. Cash outflows during FY2025 included $13.5M for capital expenditures, $2.0M for share buybacks, and $5.9M in dividends paid, while the 5-year share count increased 2.2%.
Valuation and performance
Limoneira trades at a forward P/E of 13.6x, compared to the median of 14.3x for its US-listed Consumer Defensive peers. Its price-to-sales multiple is 1.7x, above the peer median of 0.7x, and its EV-to-EBITDA stands at 41.9x compared to the peer median of 11.7x. The company has an enterprise value of $332.2M and a PEG ratio of 5.92. Over the past 1-year period, the stock declined 18.1% compared to a 16.8% gain for the S&P 500 benchmark SPY. Over 5 years, the stock is down 19.7% while the S&P 500 rose 83.0%.
What analysts expect
Wall Street analysts covering Limoneira include 2 Strong Buy ratings, 0 Buy ratings, and 1 Hold rating. The mean price target is $20.83, representing an upside of 74.5% from the last close of $11.94 on October 16, 2026. For the fiscal year ending October 31, 2026, consensus estimates project revenue of $120.1M and an EPS of -$0.66. For the following fiscal year, 3 analysts project revenue of $141.7M and EPS of $0.45. Over the last four quarters, the company delivered 0 EPS beats.
Key risks and what to watch
- Operating cash flow was negative at -$6.0M in FY2025 while capital expenditures required $13.5M.
- Current fiscal year revenue is estimated to decrease further to $120.1M with an EPS loss of -$0.66.
- Short interest represents 7.1% of the float as the stock trades 10.4% below its 200-day moving average.
- Valuation multiples remain elevated on an operational basis, with an EV-to-EBITDA of 41.9x compared to the peer median of 11.7x.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this LMNR AI stock analysis
This page is an AI-written research summary of Limoneira Company (LMNR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: LMNR income statement, LMNR balance sheet, LMNR key metrics, LMNR analyst forecast, LMNR chart. See the LMNR stock overview for the latest quote and news.
LMNR AI stock analysis FAQ
What crops does Limoneira produce?
Limoneira grows, packs, and markets lemons across 5,600 acres, avocados across 900 acres, oranges across 1,000 acres, and specialty citrus across 1,000 acres, alongside wine grapes and pistachios.
What is Limoneira's current debt position?
As of July 31, 2026, Limoneira carried total debt of $109.0M and cash of $2.2M, resulting in net debt of $106.8M and a debt-to-equity ratio of 0.76.
What are analysts' price targets for LMNR stock?
Analysts have established a mean price target of $20.83, which is 74.5% above its closing price of $11.94 on October 16, 2026.
How did Limoneira perform financially in FY2025?
In FY2025, revenue fell 16.6% to $159.7M, operating margin dropped to -15.1%, and net income fell to -$16.0M, generating an EPS of -$0.82.