Tejon Ranch (NYSE:TRC) Issues Quarterly Earnings Results

Tejon Ranch (NYSE:TRC) announced its earnings results on Thursday. The real estate development and agribusiness company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 Stock Performance

Shares of TRC traded up $0.35 during mid-day trading on Thursday, reaching $15.68. 21,832 shares of the company’s stock were exchanged, compared to its average volume of 92,346. 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 stock has a market capitalization of $420.58 million, a PE ratio of -1,572,500.00 and a beta of 0.59. The business’s fifty day simple moving average is $15.86 and its 200-day simple moving average is $16.39. Tejon Ranch has a 52-week low of $14.70 and a 52-week high of $19.82.

Insider Transactions at Tejon Ranch

In other news, Director Geoffrey L. Stack sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $15.60, for a total transaction of $39,000.00. Following the transaction, the director now directly owns 67,544 shares in the company, valued at approximately $1,053,686.40. This trade represents a 3.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 22.44% of the company’s stock.

Analysts Set New Price Targets

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