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

Tejon Ranch (NYSE:TRC) issued its quarterly earnings data on Thursday. The real estate development and agribusiness company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The company had revenue of $17.94 million during the quarter, compared to the consensus estimate of $15.53 million.

Tejon Ranch Stock Up 1.8 %

Tejon Ranch stock opened at $16.31 on Friday. The company has a market cap of $437.54 million, a P/E ratio of -1,631,200.00 and a beta of 0.59. Tejon Ranch has a 1-year low of $14.70 and a 1-year high of $19.82. The company has a fifty day simple moving average of $15.88 and a 200 day simple moving average of $16.38. The company has a current ratio of 2.84, a quick ratio of 2.46 and a debt-to-equity ratio of 0.12.

Analyst Ratings Changes

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

Insider Activity at Tejon Ranch

In other news, Director Geoffrey L. Stack sold 5,000 shares of Tejon Ranch stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $16.12, for a total value of $80,600.00. Following the completion of the transaction, the director now owns 72,544 shares of the company’s stock, valued at $1,169,409.28. This trade represents a 6.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 22.44% of the stock is owned by insiders.

About Tejon Ranch

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.