Tejon Ranch (NYSE:TRC - Get Free Report) announced its earnings results on Thursday. The real estate development and agribusiness company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.06), Zacks reports. Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%. The firm had revenue of $8.21 million for the quarter, compared to analyst estimates of $7.57 million.
Tejon Ranch Trading Up 0.6%
Shares of TRC stock traded up $0.10 during mid-day trading on Tuesday, reaching $16.32. The company's stock had a trading volume of 120,692 shares, compared to its average volume of 99,802. The company's 50 day simple moving average is $16.32 and its 200-day simple moving average is $16.04. Tejon Ranch has a 12-month low of $14.71 and a 12-month high of $19.82. The company has a quick ratio of 2.46, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $438.49 million, a PE ratio of -1,632,000.00 and a beta of 0.64.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Tejon Ranch to a "sell" rating in a report on Wednesday, March 5th.
Check Out Our Latest Stock Analysis on TRC
About Tejon Ranch
(
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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.
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