Tejon Ranch (NYSE:TRC) Issues Quarterly Earnings Results

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

Tejon Ranch Stock Up 0.8 %

Shares of NYSE TRC opened at $16.73 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.86 and a quick ratio of 4.48. The firm’s 50-day moving average is $17.57 and its two-hundred day moving average is $16.73. Tejon Ranch has a 12-month low of $14.80 and a 12-month high of $19.82. The company has a market capitalization of $448.36 million, a PE ratio of 553.18 and a beta of 0.60.

Analyst Ratings Changes

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