Tejon Ranch (NYSE:TRC) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Tejon Ranch (NYSE:TRC) posted its quarterly earnings data on Tuesday. The real estate development and agribusiness company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07, Yahoo Finance reports. The business had revenue of $5.69 million during the quarter, compared to analyst estimates of $7.50 million. Tejon Ranch had a net margin of 3.21% and a return on equity of 0.26%.

Tejon Ranch Stock Up 1.7 %

NYSE:TRC traded up $0.29 during trading hours on Thursday, hitting $16.88. 47,949 shares of the stock traded hands, compared to its average volume of 75,606. The firm has a market cap of $452.38 million, a price-to-earnings ratio of 554.85 and a beta of 0.60. Tejon Ranch has a fifty-two week low of $14.80 and a fifty-two week high of $19.82. The company has a current ratio of 4.86, a quick ratio of 4.48 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average price of $17.54 and a 200 day moving average price of $16.73.

Analysts Set New Price Targets

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

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.