Alico (NASDAQ:ALCO) Posts Quarterly Earnings Results, Misses Estimates By $0.27 EPS

Alico (NASDAQ:ALCO) issued its 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 net margin of 14.95% and a negative return on equity of 6.06%.

Alico Price Performance

ALCO stock traded down $0.42 during midday trading on Wednesday, reaching $30.15. 55,032 shares of the stock were exchanged, compared to its average volume of 83,705. Alico has a 52 week low of $24.14 and a 52 week high of $34.08. The company has a fifty day moving average price of $28.69 and a 200 day moving average price of $27.73. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.81 and a quick ratio of 0.99. The stock has a market capitalization of $230.35 million, a PE ratio of 32.77 and a beta of 0.81.

Alico Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.66%. Alico’s dividend payout ratio (DPR) is presently 21.74%.

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.