Tejon Ranch (NYSE:TRC) Issues Quarterly Earnings Results

Tejon Ranch (NYSE:TRC) issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $15.53 million. Tejon Ranch had a negative net margin of 0.57% and a negative return on equity of 0.05%.

Tejon Ranch Trading Up 1.8 %

Shares of NYSE TRC opened at $16.31 on Friday. The company’s 50 day simple moving average is $15.88 and its 200 day simple moving average is $16.38. Tejon Ranch has a fifty-two week low of $14.70 and a fifty-two week high of $19.82. The firm has a market capitalization of $437.54 million, a P/E 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.

Insider Activity at Tejon Ranch

In other Tejon Ranch news, Director Geoffrey L. Stack sold 2,500 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $15.60, for a total value of $39,000.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 22.44% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of 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.