Alico (NASDAQ:ALCO) Issues Earnings Results

Alico (NASDAQ:ALCO - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported ($1.20) EPS for the quarter, missing the consensus estimate 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

ALCO stock traded down $0.78 during trading on Friday, reaching $29.61. 52,119 shares of the stock were exchanged, compared to its average volume of 46,883. Alico has a twelve month low of $24.14 and a twelve month high of $34.08. The company has a current ratio of 3.81, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $226.22 million, a P/E ratio of 32.19 and a beta of 0.81. The stock has a 50 day simple moving average of $28.85 and a 200-day simple moving average of $27.75.

Alico Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Friday, December 27th. Alico's dividend payout ratio is currently 21.74%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Alico to a "sell" rating in a research note on Friday.

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.