Tejon Ranch (NYSE:TRC) Issues Earnings Results

Tejon Ranch (NYSE:TRC) posted its quarterly earnings results on Thursday. The real estate development and agribusiness company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.14, Zacks reports. Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%.

Tejon Ranch Price Performance

Tejon Ranch stock traded up $0.42 during midday trading on Thursday, reaching $15.75. The company’s stock had a trading volume of 19,983 shares, compared to its average volume of 92,226. The business has a 50-day moving average price of $15.86 and a 200-day moving average price of $16.39. Tejon Ranch has a 52 week low of $14.70 and a 52 week high of $19.82. The company has a current ratio of 2.84, a quick ratio of 2.46 and a debt-to-equity ratio of 0.12. The stock has a market cap of $422.44 million, a PE ratio of -1,574,000.00 and a beta of 0.59.

Insider Activity at Tejon Ranch

In related news, Director Geoffrey L. Stack sold 2,500 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $15.60, for a total transaction of $39,000.00. Following the sale, the director now owns 67,544 shares of the company’s stock, valued at $1,053,686.40. This trade represents a 3.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 22.44% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.