Limoneira's Q4 net loss widens, impacted by transformation costs
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Limoneira's Q4 net loss widened due to $6.7 million in strategic transformation costs, despite revenue beating analyst expectations. The company plans to double avocado production capacity over the next 3-4 years and expects significant savings and operational efficiencies by fiscal 2026. Analysts maintain a 'buy' rating, with a 12-month price target of $23.00, significantly above the current price. The stock is trading at 480 times the next 12-month earnings.
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