Tejon Ranch (NYSE:TRC - Get Free Report) released its earnings results on Thursday. The real estate development and agribusiness company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.14, Zacks reports. The firm had revenue of $17.94 million during the quarter, compared to analysts' expectations of $15.53 million. Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%.
Tejon Ranch Price Performance
TRC stock traded up $0.28 during trading on Friday, reaching $16.31. 99,704 shares of the company were exchanged, compared to its average volume of 94,527. The company has a market capitalization of $437.54 million, a price-to-earnings ratio of -1,631,200.00 and a beta of 0.59. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.46. The company has a 50-day moving average of $15.88 and a two-hundred day moving average of $16.37. Tejon Ranch has a twelve month low of $14.70 and a twelve month high of $19.82.
Analyst Ratings Changes
Separately, StockNews.com upgraded Tejon Ranch to a "sell" rating in a research report on Wednesday.
View Our Latest Stock Analysis on TRC
Insider Buying and Selling at Tejon Ranch
In other news, Director Geoffrey L. Stack sold 5,000 shares of Tejon Ranch 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 22.44% of the company's stock.
About Tejon Ranch
(
Get Free Report)
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.
Recommended Stories
Before you consider Tejon Ranch, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tejon Ranch wasn't on the list.
While Tejon Ranch currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
