Company profile

Ticker
LMNR
Exchange
CEO
Harold S. Edwards
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
770260692

LMNR stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

9 Sep 20
26 Sep 20
31 Oct 20

News

Quarter (USD) Jul 20 Apr 20 Jan 20 Jul 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Oct 19 Oct 18 Oct 17 Oct 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Limoneira earnings reports.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
14 Sep 20 Palamountain Mark Common Stock Sell Dispose S No 15.8127 2,063 32.62K 58,677
14 Sep 20 Palamountain Mark Common Stock Sell Dispose S No 15.7118 700 11K 60,740
14 Jul 20 Merriman John W.H. Common Stock Sell Dispose S No 13.2514 1,310 17.36K 100
15 Jun 20 Merriman John W.H. Common Stock Sell Dispose S No 14.144 723 10.23K 1,410
13 Mar 20 Kimball Gordon E Common Stock Grant Aquire A No 12.2935 3,000 36.88K 3,490
13 Mar 20 Terry Edgar A. Common Stock Grant Aquire A No 12.2684 620 7.61K 5,902
55.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 79 74 +6.8%
Opened positions 12 7 +71.4%
Closed positions 7 8 -12.5%
Increased positions 28 27 +3.7%
Reduced positions 17 18 -5.6%
13F shares
Current Prev Q Change
Total value 155.45M 195.5M -20.5%
Total shares 9.91M 10.1M -1.9%
Total puts 9.8K 0 NEW
Total calls 0 0
Total put/call ratio Infinity
Largest owners
Shares Value Change
Global Alpha Capital Management 2.29M $33.21M +35.0%
BLK BlackRock 1.1M $16.01M +1.5%
Vanguard 945.72K $13.7M +22.9%
Dimensional Fund Advisors 619.2K $8.97M -0.7%
Ashford Capital Management 600.23K $8.7M -40.4%
Stephens Investment Management 529.37K $7.67M -1.2%
Deprince Race & Zollo 364.32K $5.28M +6.2%
STT State Street 298K $4.32M +3.3%
SAMG Silvercrest Asset Management 246.08K $3.57M -1.7%
TETAA Teton Advisors 233K $3.38M +1.5%
Largest transactions
Shares Bought/sold Change
Next Century Growth Investors 0 -733.75K EXIT
Global Alpha Capital Management 2.29M +594.7K +35.0%
Ashford Capital Management 600.23K -406.2K -40.4%
Vanguard 945.72K +175.97K +22.9%
Bamco 0 -56.61K EXIT
GBL Gamco Investors, Inc. Et Al 46.5K +30.5K +190.6%
Trexquant Investment 29.41K +29.41K NEW
WFC Wells Fargo & Company 50.77K +28.69K +129.9%
SG Capital Management 25.55K +25.55K NEW
Deprince Race & Zollo 364.32K +21.12K +6.2%

Financial report summary

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Risks
  • Adverse weather conditions, natural disasters, including earthquakes and wildfires, and other natural conditions, including the effects of climate change, could impose significant costs and losses on our business.
  • Our agricultural plantings are potentially subject to damage from disease and pests, which could impose losses on our business and the prevention of which could impose significant additional costs on us.
  • Our business is highly competitive and we cannot assure you that we will maintain our current market share.
  • Our strategy of marketing and selling our lemons directly to our food service, wholesale and retail customers may not continue to be successful.
  • We depend on our relationship with Calavo and their ability to sell our avocados. Any disruption in this relationship could harm our sales.
  • Our earnings are sensitive to fluctuations in market supply and prices and demand for our products.
  • Our earnings may be subject to seasonal variability.
  • Currency exchange fluctuation may impact the results of our operations.
  • Increases in commodity or raw product costs, such as fuel and paper, could adversely affect our operating results.
  • Increases in labor, personnel and benefits costs could adversely affect our operating results.
  • Changes in immigration laws could impact the ability of Limoneira to harvest its crops.
  • The lack of sufficient water would severely impact our ability to produce crops or develop real estate.
  • The use of herbicides, pesticides and other potentially hazardous substances in our operations may lead to environmental damage and result in increased costs to us.
  • 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.
  • Global capital and credit market issues affect our liquidity, increase our borrowing costs and may affect the operations of our suppliers and customers.
  • A global economic downturn may have an adverse impact on participants in our industry, which cannot be fully predicted.
  • We are subject to the risk of product contamination and product liability claims.
  • We are subject to transportation risks.
  • Events or rumors relating to LIMONEIRA or our other trademarks and related brands could significantly impact our business.
  • Inflation can have a significant adverse effect on our operations.
  • System security risks, data protection breaches, cyber-attacks and systems integration issues could disrupt our internal operations or services provided to customers, and any such disruption could reduce our expected revenue, increase our expenses, damage our reputation and adversely affect our stock price.
  • Government regulation could increase our costs of production and increase legal and regulatory expenses.
  • Our strategy to expand international production and marketing may not be successful and may subject us to risks associated with doing business in corrupt environments.
  • The acquisition of other businesses could pose risks to our operating income.
  • We depend on our infrastructure to have sufficient capacity to handle our annual lemon production needs.
  • We may be unable to generate sufficient cash flow to service our debt obligations.
  • Restrictive covenants in our debt instruments restrict or prohibit our ability to engage in or enter into a variety of transactions, which could adversely restrict our financial and operating flexibility and subject us to other risks.
  • Despite our relatively high current indebtedness levels and the restrictive covenants set forth in agreements governing our indebtedness, we may still incur significant additional indebtedness, including secured and guaranteed indebtedness. Incurring more indebtedness could increase the risks associated with our substantial indebtedness.
  • Some of our debt is based on variable rates of interest, which could result in higher interest expenses in the event of an increase in the interest rates.
  • We are involved in a cyclical industry and are affected by changes in general and local economic conditions.
  • A recession in the global economy, or a downturn in national or regional economic conditions, could adversely impact our real estate development business.
  • Higher interest rates and lack of available financing can have significant impacts on the real estate industry.
  • We are subject to various land use regulations and require governmental approvals for our developments that could be denied.
  • Third-party litigation could increase the time and cost of our real estate development efforts.
  • We are subject to environmental regulations and opposition from environmental groups that could cause delays and increase the costs of our real estate development efforts or preclude such development entirely.
  • Our developable land is concentrated entirely in California and Arizona.
  • If the real estate industry weakens or instability of the mortgage industry and commercial real estate financing exists, it could have an adverse effect on our real estate business.
  • We rely on contractual arrangements with third party advisors to assist us in carrying out our real estate development projects and are subject to risks associated with such arrangements.
  • If we are unable to complete land development projects within forecasted time and budget expectations, if at all, our financial results may be negatively affected.
  • If we are unable to obtain required land use entitlements at reasonable costs, or at all, our operating results would be adversely affected.
  • We could experience a reduction in revenues or reduced cash flows if we are unable to obtain reasonably priced financing to support our real estate development projects and land development activities.
  • We may encounter risks associated with the real estate joint venture we entered into on November 10, 2015 with the Lewis Group of Companies including:
  • We may encounter other risks that could impact our ability to develop our land.
  • The value of our common stock could be volatile.
  • Concentrated ownership of our common stock creates a risk of sudden change in our share price.
  • Our charter documents contain provisions that may delay, defer or prevent a change of control.
Management Discussion
  • Total revenues for fiscal year 2019 was $171.4 million compared to $129.4 million for fiscal year 2018. The 32% increase of $42.0 million was primarily the result of increased agribusiness revenues, as detailed below ($ in thousands):
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: authorization, authorizing, calendar, complexity, embedded, EPS, facilitate, filer, Geographic, negotiated, privately, removing, repaid, revert, scope, Unregistered
Removed: anniversary, Canadian, Contingent, contractually, domestic, tariff, tenant