Alico (NASDAQ:ALCO) Announces Quarterly Earnings Results, Beats Estimates By $1.03 EPS

Key Points

• Alico beat quarterly expectations: The company reported EPS of $0.29, surpassing the consensus estimate of a $0.74 loss by $1.03, while revenue of $9.04 million exceeded estimates of $2.75 million.
• Shares rose 2.3% to $39.06 following the results. Despite strong liquidity, Alico reported a negative net margin of 115% and negative return on equity of 38.92%.
• Alico paid a quarterly dividend of $0.05 per share, representing a $0.20 annualized payout and a 0.5% yield. Analysts maintain a consensus “Hold” rating with an average price target of $45.00.

Alico (NASDAQ:ALCO - Get Free Report) posted its earnings results on Monday. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.74) by $1.03, FiscalAI reports. The firm had revenue of $9.04 million for the quarter, compared to analyst estimates of $2.75 million. Alico had a negative return on equity of 38.92% and a negative net margin of 115.00%.

Alico Stock Up 2.3%

ALCO traded up $0.86 on Monday, hitting $39.06. 36,293 shares of the company were exchanged, compared to its average volume of 24,881. The firm has a 50-day moving average price of $40.23 and a two-hundred day moving average price of $40.75. The company has a current ratio of 9.63, a quick ratio of 9.39 and a debt-to-equity ratio of 0.80. Alico has a twelve month low of $31.32 and a twelve month high of $45.01. The company has a market cap of $289.67 million, a price-to-earnings ratio of -15.88 and a beta of 0.91.

Alico Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, July 2nd were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, July 2nd. Alico's payout ratio is presently -8.13%.

Hedge Funds Weigh In On Alico

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC grew its holdings in Alico by 17.0% during the 4th quarter. Barclays PLC now owns 8,795 shares of the company's stock worth $320,000 after acquiring an additional 1,278 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of Alico in the 4th quarter valued at $261,000. M Holdings Securities Inc. purchased a new stake in shares of Alico during the 4th quarter worth $450,000. Deutsche Bank AG grew its stake in shares of Alico by 142.7% during the fourth quarter. Deutsche Bank AG now owns 7,246 shares of the company's stock worth $264,000 after purchasing an additional 4,261 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Alico by 99.5% during the third quarter. Russell Investments Group Ltd. now owns 12,619 shares of the company's stock worth $437,000 after purchasing an additional 6,295 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ALCO shares. Freedom Capital cut shares of Alico from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 14th. Wall Street Zen upgraded shares of Alico from a "sell" rating to a "hold" rating in a report on Saturday, May 16th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Alico in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $45.00.

About Alico

Alico, Inc is an agribusiness and land management company headquartered in Fort Myers, Florida. The company owns and manages over 110,000 acres of land in southwestern Florida, with operations focused on citrus groves, sugarcane production, forestry and other row crops. Alico leverages its extensive land holdings to support integrated agricultural and environmental stewardship practices.

In its citrus division, Alico cultivates and markets fresh oranges for both the retail and processing markets, while its sugarcane segment supplies raw cane to domestic sugar mills.

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