Zacks Small Cap Boosts Earnings Estimates for Tejon Ranch

Tejon Ranch Co. (NYSE:TRC) – Zacks Small Cap lifted their FY2025 EPS estimates for shares of Tejon Ranch in a report issued on Tuesday, March 11th. Zacks Small Cap analyst M. Marin now expects that the real estate development and agribusiness company will post earnings of $0.10 per share for the year, up from their prior estimate of $0.03. The consensus estimate for Tejon Ranch’s current full-year earnings is ($0.04) per share.

Separately, StockNews.com raised shares of Tejon Ranch to a “sell” rating in a research note on Wednesday, March 5th.

Tejon Ranch Trading Up 2.3 %

NYSE:TRC opened at $16.18 on Thursday. Tejon Ranch has a one year low of $14.70 and a one year high of $19.82. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.46. The company’s 50-day simple moving average is $15.89 and its 200 day simple moving average is $16.34. The firm has a market capitalization of $434.53 million, a P/E ratio of -1,618,000.00 and a beta of 0.59.

Tejon Ranch (NYSE:TRC) last announced its earnings results on Thursday, March 6th. The real estate development and agribusiness company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.14. The firm had revenue of $17.94 million for the quarter, compared to analyst estimates of $15.53 million. Tejon Ranch had a negative net margin of 0.57% and a negative return on equity of 0.05%.

Institutional Investors Weigh In On Tejon Ranch

Several hedge funds have recently bought and sold shares of the business. Gamco Investors INC. ET AL boosted its stake in Tejon Ranch by 7.9% during the fourth quarter. Gamco Investors INC. ET AL now owns 719,127 shares of the real estate development and agribusiness company’s stock worth $11,434,000 after acquiring an additional 52,401 shares in the last quarter. Geode Capital Management LLC raised its holdings in Tejon Ranch by 0.8% in the third quarter. Geode Capital Management LLC now owns 537,987 shares of the real estate development and agribusiness company’s stock worth $9,444,000 after buying an additional 4,247 shares during the last quarter. Bulldog Investors LLP raised its holdings in Tejon Ranch by 482.6% in the fourth quarter. Bulldog Investors LLP now owns 401,200 shares of the real estate development and agribusiness company’s stock worth $6,379,000 after buying an additional 332,341 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Tejon Ranch by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 195,879 shares of the real estate development and agribusiness company’s stock worth $3,114,000 after buying an additional 1,409 shares during the last quarter. Finally, Gabelli Funds LLC raised its holdings in Tejon Ranch by 1.3% in the fourth quarter. Gabelli Funds LLC now owns 144,000 shares of the real estate development and agribusiness company’s stock worth $2,290,000 after buying an additional 1,800 shares during the last quarter. Institutional investors own 60.63% 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.