Zacks Research Increases Earnings Estimates for Tejon Ranch

Key Points

• Zacks Research raised Tejon Ranch’s FY2026 EPS estimate to $0.18 from $0.11, above the current consensus estimate of $0.11.
• Tejon Ranch exceeded quarterly expectations, reporting $0.10 EPS versus the $0.02 consensus and revenue of $14.26 million versus expectations of $8.64 million.
• Shares opened at $16.05, down 0.9%, while institutional ownership reached 60.63% following significant new or expanded positions from investors including Nitor Capital Management and BlackRock.

Tejon Ranch Co (NYSE:TRC - Free Report) - Analysts at Zacks Research boosted their FY2026 EPS estimates for shares of Tejon Ranch in a research note issued on Wednesday, August 26th. Zacks Research analyst M. Marin now expects that the real estate development and agribusiness company will post earnings per share of $0.18 for the year, up from their previous estimate of $0.11. The consensus estimate for Tejon Ranch's current full-year earnings is $0.11 per share.

Separately, Weiss Ratings upgraded shares of Tejon Ranch from a "sell (d+)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold".

Tejon Ranch Trading Down 0.9%

Shares of TRC stock opened at $16.05 on Tuesday. Tejon Ranch has a fifty-two week low of $15.31 and a fifty-two week high of $21.31. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.06 and a current ratio of 2.92. The stock has a 50 day simple moving average of $17.45 and a two-hundred day simple moving average of $18.36. The company has a market cap of $433.67 million, a P/E ratio of 69.78 and a beta of 0.59.

Tejon Ranch (NYSE:TRC - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The real estate development and agribusiness company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.08. Tejon Ranch had a net margin of 10.62% and a return on equity of 1.23%. The business had revenue of $14.26 million for the quarter, compared to analysts' expectations of $8.64 million.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TRC. Nitor Capital Management LLC acquired a new stake in shares of Tejon Ranch in the 2nd quarter worth about $33,640,000. BlackRock Inc. bought a new stake in Tejon Ranch during the 2nd quarter worth approximately $30,383,000. Lee Danner & Bass Inc. raised its stake in shares of Tejon Ranch by 1,109.4% in the first quarter. Lee Danner & Bass Inc. now owns 695,425 shares of the real estate development and agribusiness company's stock worth $13,102,000 after purchasing an additional 637,925 shares during the last quarter. UBS Group AG lifted its holdings in shares of Tejon Ranch by 482.2% in the third quarter. UBS Group AG now owns 307,887 shares of the real estate development and agribusiness company's stock valued at $4,920,000 after purchasing an additional 255,008 shares in the last quarter. Finally, Cibc World Market Inc. bought a new stake in Tejon Ranch during the second quarter worth $1,869,000. 60.63% of the stock is owned by institutional investors.

Tejon Ranch Company Profile

Tejon Ranch Corporation NYSE: TRC is one of California's largest private landowners, with a diversified portfolio spanning agriculture, real estate development and natural resource operations. Headquartered in Lebec, California, the company's holdings encompass approximately 270,000 acres in Kern and Los Angeles counties. Established in 1937 on the historic Rancho Tejon land grant, Tejon Ranch has leveraged its strategic location along Interstate 5 to build a multifaceted enterprise serving both local and regional markets.

In agriculture, Tejon Ranch grows a variety of row crops and permanent plantings, including almonds, pistachios, table grapes and citrus.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source