Tejon Ranch (NYSE:TRC) Releases Earnings Results, Beats Expectations By $0.14 EPS

Tejon Ranch (NYSE:TRC) issued its earnings results on Thursday. The real estate development and agribusiness company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.14, Zacks reports. The business had revenue of $17.94 million during the quarter, compared to analysts’ expectations of $15.53 million. Tejon Ranch had a negative net margin of 0.57% and a negative return on equity of 0.05%.

Tejon Ranch Stock Performance

Shares of Tejon Ranch stock opened at $16.02 on Friday. The business’s 50 day moving average price is $15.87 and its 200 day moving average price is $16.39. The company has a market cap of $429.65 million, a price-to-earnings ratio of -1,601,800.00 and a beta of 0.59. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.46 and a current ratio of 2.84. Tejon Ranch has a one year low of $14.70 and a one year high of $19.82.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Tejon Ranch to a “sell” rating in a report on Wednesday.

Insider Buying and Selling at Tejon Ranch

In related news, Director Geoffrey L. Stack sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $16.12, for a total transaction of $80,600.00. Following the completion of the sale, the director now directly owns 72,544 shares of the company’s stock, valued at approximately $1,169,409.28. This trade represents a 6.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 22.44% of the stock is owned by company insiders.

About Tejon Ranch

Tejon Ranch Co, together with its subsidiaries, operates as a diversified real estate development and agribusiness company. It operates through five segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. The Commercial/Industrial Real Estate Development segment engages in the planning and permitting of land for development; construction of infrastructure projects, pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.