Alico (NASDAQ:ALCO) Issues Earnings Results, Misses Expectations By $0.27 EPS

Alico (NASDAQ:ALCO) announced its earnings results on Wednesday. The company reported ($1.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.93) by ($0.27), Zacks reports. Alico had a negative return on equity of 6.06% and a net margin of 14.95%.

Alico Stock Performance

Shares of ALCO stock opened at $30.15 on Thursday. Alico has a one year low of $24.14 and a one year high of $34.08. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 3.81. The company has a 50 day moving average price of $28.75 and a 200 day moving average price of $27.74. The firm has a market capitalization of $230.35 million, a price-to-earnings ratio of 32.77 and a beta of 0.81.

Alico Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Friday, December 27th. Alico’s dividend payout ratio is presently 21.74%.

About Alico

Alico, Inc, together with its subsidiaries, operates as an agribusiness and land management company in the United States. The company operates in two segments, Alico Citrus, and Land Management and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing, and hauling of citrus.