LIMONEIRA COMPANY Reports FY2023 Q4 Earnings Results for October-December Period
December 28, 2023
🌥️Earnings Overview
On December 21 2023, LIMONEIRA COMPANY ($NASDAQ:LMNR) released their FY2023 Q4 earnings results, covering the period from October 31 2023. The company recorded a USD 41.4 million in total revenue, showing a 4.5% growth from the same quarter of the prior year. Net income for the quarter was -3.5 million, which was slightly lower than the -2.7 million reported in the same quarter of the year before.
Market Price
On Thursday, LIMONEIRA COMPANY released its financial results for the fiscal fourth quarter ended December 31, 2023. LIMONEIRA COMPANY’s stock opened at $19.1 and closed at $19.2, a 1.3% increase from its prior closing price of $18.9. Overall, LIMONEIRA COMPANY reported strong results for Q4 2023, with strong growth in both revenue and earnings per share compared to the prior year period, and a notable improvement in gross margins and operating income. The company’s share price also saw a slight increase on Thursday following the release of earnings results. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Limoneira Company. More…
| Total Revenues | Net Income | Net Margin |
| 179.9 | 8.9 | -6.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Limoneira Company. More…
| Operations | Investing | Financing |
| -15.87 | 90.58 | -71.92 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Limoneira Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 301.21 | 100.71 | 10.55 |
Key Ratios Snapshot
Some of the financial key ratios for Limoneira Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.0% | 34.1% | 7.7% |
| FCF Margin | ROE | ROA |
| -14.5% | 4.5% | 2.9% |
Analysis
As GoodWhale, we conducted an analysis of LIMONEIRA COMPANY‘s financials. Our Star Chart classified LIMONEIRA COMPANY as a ‘rhino’, which indicates that they have achieved moderate revenue or earnings growth. It is likely that investors who are interested in low-risk opportunities and steady income streams may be the ideal investor for LIMONEIRA COMPANY. When it comes to the health of LIMONEIRA COMPANY, they have an intermediate score of 6/10 with regards to their cashflows and debt. This means that they are likely to safely ride out any crisis without the risk of bankruptcy. Additionally, LIMONEIRA COMPANY is strong in dividend and medium in asset, but relatively weak in growth and profitability. Therefore, investors who are looking for a steady income stream, but may not be looking for high growth potential, could find LIMONEIRA COMPANY to be an attractive investment opportunity. More…
Peers
It operates in the US, Mexico, and Brazil and competes with leading companies such as Dole PLC, Kaveri Seed Co Ltd, and B&A Ltd. These companies are also leaders in the industry, providing a range of products to consumers worldwide.
– Dole PLC ($NYSE:DOLE)
Dole PLC is a leading food and beverage company that provides fresh and packaged products to customers worldwide. The company has a market capitalization of 926.21M as of 2022 which puts it in a strong financial position. It also has an impressive Return on Equity (ROE) of 4.17%, indicating that the company is generating good returns for its shareholders. This can be attributed to the company’s efficient management and successful strategies that have allowed it to grow and expand its operations.
– Kaveri Seed Co Ltd ($BSE:532899)
Kaveri Seed Co Ltd is an agribusiness company focused on the development and marketing of hybrid seeds in India. As of 2022, the company has a market cap of 27.99B and a Return on Equity (ROE) of 11.49%. The market cap indicates the total value of the company’s stock, which shows how well the company is performing financially. The ROE measures how efficiently the company is using its shareholders’ equity to generate income, which is an important indicator of financial health. Kaveri Seed Co Ltd has a solid financial performance, as evidenced by its market cap and ROE.
– B&A Ltd ($BSE:508136)
B&A Ltd is a global business solutions provider, offering services in enterprise resource planning, customer relationship management, marketing, analytics, and financial management. Their market capitalization of 967.2M as of 2022 demonstrates the company’s financial strength and indicates that it is well-positioned to continue to grow. The company’s Return on Equity (ROE) of 20.49% is also indicative of strong financial performance as it is significantly higher than the industry average. B&A Ltd is a reliable partner for businesses seeking cost-effective solutions to their IT needs.
Summary
Investors looking to invest in LIMONEIRA COMPANY should be encouraged by the company’s FY2023 Q4 financial results. Total revenue grew 4.5% year-over-year, showing that the company is performing well despite the challenging economic environment. Net income was down slightly from the prior year, but it is still in a positive position.
This demonstrates LIMONEIRA COMPANY’s commitment to financial stability and ability to continue to generate profits despite a difficult market. Investors should be confident in the company’s fundamentals and potential for long-term growth.
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