Alico (NASDAQ:ALCO) Announces Earnings Results

Alico (NASDAQ:ALCO) posted its quarterly earnings results on Wednesday. The company reported ($1.20) earnings per share 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 Stock Down 1.4 %

Shares of NASDAQ ALCO traded down $0.42 during midday trading on Wednesday, hitting $30.15. 55,032 shares of the stock traded hands, compared to its average volume of 83,705. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 3.81. Alico has a one year low of $24.14 and a one year high of $34.08. The business has a 50 day moving average price of $28.69 and a two-hundred day moving average price of $27.73. The company has a market cap of $230.35 million, a PE ratio of 32.77 and a beta of 0.81.

Alico Dividend Announcement

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