Latest news with #Limoneira
Yahoo
2 days ago
- Business
- Yahoo
McDonald's downgraded on GLP-1 drug worries: Wall Street's top analyst calls
The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The Fly. Top 5 Upgrades: Lake Street upgraded Limoneira (LMNR) to Buy from Hold with an unchanged price target of $23. Q2 results came in "modestly below" the firm's estimates behind an especially weak lemon market, but the highlight was a major agreement to merge a portion of Limoneira's operations into Sunkist, which will "meaningfully" reduce Limoneira's fixed costs and operating expenses while improving the revenue mix to higher margin businesses, the firm tells investors. Janney Montgomery Scott upgraded Eagle Bancorp (EGBN) to Buy from Neutral with a $24 fair value estimate. Investors have "ignored" Eagle shares in recent months as the stock has drifted from $24 to sub-$17 recently, notes the firm, which encourages investors to "do more homework on the EGBN story" with the stock still trading at a less than the 66% average price-to-tangible book value ratio since December 2022. BofA upgraded ArcBest (ARCB) to Neutral from Underperform with a price target of $74, up from $63. The firm sees momentum in the company's share gains with core customers mitigating core yield pressure. Raymond James upgraded Atlantic Union Bankshares (AUB) to Strong Buy from Outperform with a price target of $41, up from $37. The firm sees an attractive valuation for a "desirable franchise that is likely to show a significant improvement in financial performance over the next twelve months." Mizuho upgraded Macerich (MAC) to Outperform from Neutral with a price target of $18, down from $22. The firm believes the stock offers an attractive risk/reward profile and that its underperformance year-to-date "offers an intriguing entry point for risk-tolerant investors to gain exposure to a highly productive mall portfolio with substantial long-term earnings upside." Top 5 Downgrades: Redburn Atlantic double downgraded McDonald's (MCD) to Sell from Buy with a price target of $260, down from $319. The firm sees the GLP-1 weight-loss drugs suppressing consumer appetites and presenting an underappreciated longer-term threat for McDonald's. JPMorgan downgraded Informa TechTarget (TTGT) to Underweight from Neutral with a price target of $8, down from $18. After more than two months of delay, the company released its fiscal 2024 results, which were worse than expected, the firm tells investors in a research note. BofA downgraded Keros Therapeutics (KROS) to Neutral from Buy with a price target of $18, down from $32. The company announced the conclusion of its strategic review, with the board opting to move forward with KER-065 for Duchenne muscular dystrophy and to return $375M in excess capital to shareholders, the firm tells investors in a research note. Redburn Atlantic downgraded Manhattan Associates (MANH) to Neutral from Buy with a price target of $200, down from $270. The firm says the company remains highly exposed to discretionary professional services, and three factors will sustain pressure on the services, namely Manhattan's cloud product that should require less support than on-premise, system integrators that are more familiar with the company's products and offer cheaper rates, and the customer base that will continue to be prudent on discretionary spend given macro uncertainty. Jefferies downgraded Arch Capital (ACGL) to Hold from Buy with a price target of $100, down from $106. The firm anticipates mid-year softening of catastrophe pricing to temper Arch's growth and compress returns. Top 5 Initiations: KeyBanc initiated coverage of Dynatrace (DT) with an Overweight rating and $69 price target. The firm is positive on Dynatrace's leadership in application performance monitoring and in the enterprise segment. KeyBanc initiated coverage of Elastic (ESTC) with a Sector Weight rating and no price target. The firm says that while the company's platform supports several use cases, it is not as differentiated in observability and SIEM. Goldman Sachs reinstated coverage of Kontoor Brands (KTB) with a Buy rating and $85 price target, implying 25% upside. The company recently completed the acquisition of the Helly Hansen brand, which diversifies and strengthens Kontoor's portfolio expansion into global markets and new categories, and provides meaningful accretion opportunity over time, the firm tells investors in a research note. BofA initiated coverage of Amentum (AMTM) with a Neutral rating and $24 price target. Amentum is a top 10 provider of advanced engineering, technology solutions, and facility operations to U.S. and international governments which boasts a $45B-plus backlog supported by diversified customers, contracts and capabilities, but high leverage and a slow award environment limit their growth opportunities, the firm tells investors Northland initiated coverage of Savers Value Village (SVV) with an Outperform rating and $15 price target. The for-profit thrift retailer offers secondhand clothing, accessories, and household goods through "a unique circular economy model," notes the firm, which sees the company having a "rare mix of white space, margin, and mission." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Limoneira to rejoin US citrus company Sunkist Growers
Limoneira, one of the original founders of US-based citrus farming group Sunkist Growers, to rejoin the cooperative. The transaction, structured as a "merger" of Limoneira's sales and marketing operations with Sunkist, is expected to be finalised in November. California-based Limoneira will return to Sunkist as one of its largest lemon growers and an exclusive licensed packer, the agri-food group said in a statement. Limoneira said the move would lead to "streamlined operations" and improved efficiency in its supply chain. It expects the deal to generate $5m in annual cost savings and EBITDA improvement. Sunkist said the transaction would "drive expanded market access, optimise citrus supply and strengthen the cooperative's ability to meet evolving customer and grower needs". Harold Edwards, the CEO of Limoneira, added: 'Together, we plan to deliver reliable supply, operational efficiency, and complete category coverage to the nation's premier food service and retail customers, while generating meaningful cost savings and establishing a stronger foundation for sustainable growth.' Jim Phillips, chief executive of Sunkist said: 'This is a strategic reconnection of entities with shared legacy, collaboration, values and trust. We are focused on transforming our collective capabilities, insights, and expertise into increased value for our growers, packers and customers.' Limoneira Company, headquartered in Santa Paula, California, is an international agricultural business. The fruit packer, founded in 1893, has 10,500 acres of land, real estate and properties, with water rights in California, Arizona, Chile and Argentina. Its product portfolio includes lemons, avocados, and other crops. Sunkist Growers, also founded in 1893, is owned and operated by more than 1,000 farmer families growing citrus in California and Arizona. "Limoneira to rejoin US citrus company Sunkist Growers" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Melden Sie sich an, um Ihr Portfolio aufzurufen.
USA Today
2 days ago
- Business
- USA Today
US stock futures little changed as investors await US-China trade talk news
US stock futures little changed as investors await US-China trade talk news Show Caption Hide Caption How fentanyl reaches the US and the role of Trump's China tariffs US President Donald Trump has imposed new tariffs on Chinese goods, citing Beijing's failure to stop the export of chemicals used to produce fentanyl. unbranded - Newsworthy U.S. stock futures are little changed as investors continue to wait for news from U.S.-China trade talks in London. Talks are expected to continue for a second day. Earlier, Kevin Hassett, director of the National Economic Council, said he expected an agreement to emerge that would loosen controls on U.S. exports of semiconductors in exchange for China's releasing of more rare earths. The London talks follow a phone call between President Donald Trump and Chinese leader Xi Jinping, the first between the two since Trump took office and after Trump accused China of violating terms of a tariff pause agreed upon in Switzerland last month. At 6:45 a.m. ET, futures on the blue-chip Dow dropped -0.06%, while broad S&P 500 futures added 0.06% and tech-laden Nasdaq futures rose 0.09%. Later this week, investors will see May inflation data. The May reports will reflect the first full month of price changes since Trump announced aggressive tariffs on April 2. Since then, many of the highest tariffs have been put on ice but others have gone into effect. Corporate news Cracker Barrel Old Country Store said it plans to sell $275 million in convertible senior notes due in 2030 in a private offering. Limoneira said its fiscal second quarter results were worse than in the year-ago period. Cryptocurrency Paraguay President Santiago Pena's X account had likely been hacked to say that the Latin American country had made Bitcoin legal tender and that it would roll out a $5 million Bitcoin-backed reserve fund. The post was deleted and the government said "the president's official X account has presented irregular activity which suggests possible unauthorized entry." Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning.
Yahoo
3 days ago
- Business
- Yahoo
Limoneira Co (LMNR) Q2 2025 Earnings Call Highlights: Navigating Revenue Declines with ...
Total Net Revenue: $35.1 million for Q2 2025, down from $44.6 million in Q2 2024. Agribusiness Revenue: $33.6 million for Q2 2025, compared to $43.3 million in Q2 2024. Fresh Pack Lemon Sales: $19.7 million for Q2 2025, down from $25.8 million in Q2 2024. Avocado Revenue: $2.8 million for Q2 2025, up from $2.3 million in Q2 2024. Orange Revenue: $1.6 million for Q2 2025, up from $1.2 million in Q2 2024. Total Costs and Expenses: Decreased by 22% to $38.5 million for Q2 2025, from $49.3 million in Q2 2024. Operating Loss: Improved to $3.3 million for Q2 2025, from $4.7 million in Q2 2024. Net Loss: $3.5 million for Q2 2025, compared to net income of $6.4 million in Q2 2024. Adjusted EBITDA: Loss of $167,000 for Q2 2025, compared to a gain of $16.6 million in Q2 2024. Long-term Debt: $54.9 million as of April 30, 2025, compared to $40 million at the end of fiscal year 2024. Warning! GuruFocus has detected 4 Warning Signs with LAKE. Release Date: June 09, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Limoneira Co (NASDAQ:LMNR) is merging its citrus sales and marketing operations with Sunkist Growers, which is expected to improve supply chain efficiency and reduce costs. The partnership with Sunkist is projected to save approximately $5 million annually in selling and marketing expenses, enhancing EBITDA by the same amount. The merger provides Limoneira Co (NASDAQ:LMNR) access to a broader range of food service and retail customers, enhancing its market reach. The company is expanding its avocado production by 2,000 acres by the end of fiscal year 2027, which is expected to significantly enhance EBITDA as trees mature. Limoneira Co (NASDAQ:LMNR) is making progress in its real estate development project, Harvest at Limoneira, with strong home sales activity potentially accelerating Phase 3. Total net revenue for the second quarter of fiscal year 2025 decreased to $35.1 million from $44.6 million in the same quarter of the previous year. Agribusiness revenue declined due to an oversupplied lemon market, leading to significant pricing pressure. The company reported a net loss applicable to common stock of $3.5 million for the second quarter of fiscal year 2025, compared to a net income of $6.4 million in the same period of fiscal year 2024. Adjusted EBITDA for the second quarter of fiscal year 2025 was a loss of $167,000, compared to a gain of $16.6 million in the same period of fiscal year 2024. The transition of the citrus brokerage business to Sunkist will reduce Limoneira Co (NASDAQ:LMNR)'s topline revenue, although it is expected to improve operational capabilities and cost structure. Q: Can you confirm if the brokered fruit business revenue will be eliminated, but third-party cartons will still run through your facility? A: Yes, that's correct. The revenue from brokered fruit, which was about $27 million to $28 million in recent years, will be eliminated. However, third-party cartons will continue to be processed through our facility and reflected on the top line. - Harold Edwards, President and CEO Q: How should we think about the per box economics with the Sunkist deal? Is it a fixed cost model or variable? A: The model includes three components: leveraging Sunkist's wash and storage capacity to avoid lease costs, transitioning our sales and marketing staff to Sunkist, and benefiting from Sunkist's fixed fee for marketing services, which is lower than our previous costs. This structure will enhance our packing margins and is expected to increase our EBITDA by $5 million annually. - Harold Edwards, President and CEO Q: Will there be any balance sheet impact from the Sunkist transaction? A: The main impact will be on accounts receivable and credit, which will transition to the Sunkist system. We will maintain an inventory and sales position, which will help reduce costs and logistics on our side. - Mark Palamountain, CFO Q: Regarding the avocado harvest, are you comfortable with the fruit size and quality given the delay in harvest? A: Yes, the weather has been favorable, allowing us to hold the avocados on the tree longer, which should result in larger sizes and better pricing. We are confident in the market's strength and expect a good harvest. - Harold Edwards, President and CEO Q: Will the recent avocado plantings contribute to increased yield by fiscal 2026? A: Yes, our early plantings are progressing well, with some already yielding over 10,000 pounds per acre. We expect these plantings to contribute significantly to our goal of $50 million in EBITDA by 2030. - Mark Palamountain, CFO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Founding Member Limoneira to Rejoin Sunkist Growers
VALENCIA, Calif., June 10, 2025 /PRNewswire/ -- Sunkist Growers, Inc., a citrus marketing cooperative founded in 1893, announced today that Limoneira Company, one of its original founding members, will rejoin the organization effective November 1, 2025. The move marks a meaningful reunion and a bold step forward for both companies. "This is more than a return—it's a powerful alignment of shared history, values, and vision," said Jim Phillips, President and CEO of Sunkist Growers. "Together, we're transforming our collective capabilities into greater value for our growers, packers, and customers." Under the new agreement, Limoneira will continue to operate as an independent business entity. However, all of Limoneira's fresh citrus sales and marketing responsibilities—primarily focused on lemons—will transition to Sunkist at the start of the new citrus season. "We have long respected Sunkist's leadership and legacy in the citrus industry," said Harold Edwards, President and CEO of Limoneira. "Now is the right time to rejoin. Both organizations have evolved, adapted, and strengthened—and we're excited to build on that momentum to create lasting value for our growers and customers." This reconnection is expected to drive expanded market access, optimize citrus supply, and strengthen the cooperative's ability to meet evolving customer and grower needs. Both companies are looking forward to strengthening Sunkist's market position and expanding our reach through this renewed momentum and are committed to ensuring a seamless transition and continued service excellence heading into the new season. About Limoneira: (Nasdaq: LMNR), a 132-year-old international agribusiness headquartered in Santa Paula, California, has grown to become one of the premier integrated agribusinesses in the world. Limoneira (lē moñ âra) is a dedicated sustainability company with 10,500 acres of rich agricultural lands, real estate properties, and water rights in California, Arizona, Chile, and Argentina. The company is a leading producer of lemons, avocados, and other crops that are enjoyed throughout the world. For more about Limoneira Company, visit About Sunkist: Sunkist Growers, Inc. is a citrus marketing cooperative, founded in 1893, which is owned and operated by more than 1,000 growers made up of family farmers growing citrus in California and Arizona. For more information, visit All Rights Reserved. Sunkist is a registered trademark of Sunkist Growers, Inc., USA © 2025 View original content to download multimedia: SOURCE Sunkist Growers, Inc. Sign in to access your portfolio
