Tejon Ranch (NYSE:TRC) Issues Earnings Results

Tejon Ranch (NYSE:TRC) announced its quarterly earnings results on Thursday. The real estate development and agribusiness company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.14, Zacks reports. Tejon Ranch had a negative net margin of 0.57% and a negative return on equity of 0.05%.

Tejon Ranch Trading Up 2.7 %

Shares of Tejon Ranch stock traded up $0.42 during midday trading on Thursday, reaching $15.75. The company had a trading volume of 19,983 shares, compared to its average volume of 92,226. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.46. Tejon Ranch has a fifty-two week low of $14.70 and a fifty-two week high of $19.82. The stock has a fifty day moving average price of $15.86 and a 200 day moving average price of $16.39. The firm has a market cap of $422.44 million, a PE ratio of -1,574,000.00 and a beta of 0.59.

Insider Activity

In other Tejon Ranch news, Director Geoffrey L. Stack sold 5,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $16.12, for a total transaction of $80,600.00. Following the sale, the director now owns 72,544 shares of the company’s stock, valued at approximately $1,169,409.28. This represents a 6.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 22.44% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Tejon Ranch Company Profile

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.