Tejon Ranch (NYSE:TRC) Posts Earnings Results, Beats Expectations By $0.14 EPS

Tejon Ranch (NYSE:TRC) released its earnings results on Thursday. The real estate development and agribusiness company reported $0.17 earnings per share 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 Up 2.3 %

Shares of TRC stock traded up $0.35 during trading hours on Thursday, reaching $15.68. 21,832 shares of the stock were exchanged, compared to its average volume of 92,346. The business’s fifty day moving average is $15.86 and its two-hundred day moving average is $16.39. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.46. Tejon Ranch has a 12-month low of $14.70 and a 12-month high of $19.82. The firm has a market capitalization of $420.58 million, a P/E ratio of -1,572,500.00 and a beta of 0.59.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Tejon Ranch news, Director Geoffrey L. Stack sold 2,500 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 67,544 shares in the company, valued at $1,053,686.40. This represents a 3.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 22.44% of the company’s stock.

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.