Revenue Update on Limoneira Company(NASDAQ:LMNR)

Limoneira Company(NASDAQ:LMNR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jun 9, 2016. Company reported revenue of $27.36M. Analysts estimated a revenue of $28.40M. Earnings per share were $0.08. Analysts had estimated an EPS of $0.22.

Several Insider Transactions has been reported to the SEC. On Apr 14, 2016, John W Blanchard (director) sold 791 shares at $15.25 per share price.Also, On Apr 11, 2016, John W.h. Merriman (director) sold 2,338 shares at $14.79 per share price.On Sep 22, 2015, Joseph D Rumley (CFO) purchased 300 shares at $16.48 per share price, according to the Form-4 filing with the securities and exchange commission.

Limoneira Company is an agribusiness and real estate development company. The Company’s operations consist of fruit production sales and marketing rental operations real estate development and capital investment activities. The Company has three business segments: agribusiness rental operations and real estate development. The agribusiness segment includes its farming and lemon packing and sales operations. The rental operations segment includes its residential and commercial rentals leased land operations and organic recycling. The real estate development segment includes its real estate projects and development. In addition to growing lemons and avocados the Company also grows oranges and a variety of specialty citrus and other crops. It also operates its own packinghouse in Santa Paula California and Yuma Arizona where it processes packs and sells lemons it grows as well as lemons grown by others.

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