Limoneira stock weighs weaker revenue against avocado growth
Published on 10/06/2026 at 15:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Limoneira stock (ISIN US5327461043) was trading at USD 12.06 on Nasdaq on October 6, 2026, up 0.67 percent from the prior close, while the company works through weaker citrus revenue and a stronger avocado outlook. The latest reported quarter showed a sharper operating loss, but adjusted EBITDA improved and management raised its avocado volume guidance.
Q3 revenue falls to USD 43.8 million
In its September 9, 2026 financial release, Limoneira Company reported fiscal third-quarter revenue of USD 43.8 million for the period ended July 31, 2026, compared with USD 47.5 million a year earlier. Agribusiness revenue declined to USD 42.2 million from USD 45.9 million as the company transitioned citrus brokerage operations to Sunkist.
The earnings mix was uneven. Operating loss widened to USD 3.0 million from USD 0.6 million, while non-GAAP adjusted EBITDA rose to USD 3.9 million from USD 3.0 million in the prior-year quarter. Fresh lemon carton sales increased to USD 27.3 million from USD 23.8 million, partly offsetting weaker brokered citrus activity.
Avocado guidance offsets lemon pressure
Limoneira sold 7,013,000 pounds of avocados at an average USD 1.15 per pound in fiscal Q3 2026, compared with 5,654,000 pounds at USD 1.50 per pound a year earlier. The company raised its fiscal 2026 avocado volume guidance to 7.0 million-7.25 million pounds from 5.5 million-6.5 million pounds, according to the September 9 release.
The counterweight is the lemon outlook: fiscal 2026 volume is expected at the lower end of the prior 4.0 million-4.5 million carton range because of higher imports. Limoneira also expects to produce more than 10 million pounds of avocados in fiscal 2027, with 400 acres planted in 2023 and 2024 supporting that plan.
Analyst target remains above USD 12.06
Analyst sentiment remains divided. MarketBeat reports two Buy ratings, one Hold rating and one Sell rating, producing a Hold consensus and an average price target of USD 16.50 from four analysts. The target lies 36.8 percent above the October 6 Nasdaq price of USD 12.06.
The same MarketBeat report said CFO Gregory Hamm sold 1,000 shares at an average price of USD 11.90 on October 1, 2026, under a pre-arranged Rule 10b5-1 plan. The transaction adds an individual insider signal to a stock picture still shaped by revenue pressure, asset monetization and avocado expansion.
Limoneira stock stays below yearly high
LMNR's market capitalization was USD 218.7 million on October 6, 2026. The stock's 52-week range was USD 11.55 to USD 15.43, leaving the USD 12.06 intraday price closer to the yearly low than the yearly high.
Limoneira stock facts
- Company: Limoneira Company
- ISIN: US5327461043
- Ticker: LMNR
- Trading venue: Nasdaq
- Price (as of October 6, 2026, 9:49 a.m. ET): USD 12.06
- Market capitalization: USD 218.7 million (as of October 6, 2026)
- 52-week range: USD 11.55-15.43 (as of October 6, 2026)
- Sector / Industry: Process Industries / Agricultural Commodities and Milling
