Tejon Ranch (NYSE:TRC - Get Free Report) posted its earnings results on Thursday, May 8th. The real estate development and agribusiness company reported ($0.05) earnings per share 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 the consensus estimate of $7.57 million.
Tejon Ranch Price Performance
Shares of NYSE TRC traded up $0.29 during midday trading on Thursday, hitting $16.63. 18,558 shares of the company's stock were exchanged, compared to its average volume of 100,098. The business's fifty day moving average price is $16.33 and its two-hundred day moving average price is $16.05. The company has a market cap of $446.81 million, a price-to-earnings ratio of -1,664,000.00 and a beta of 0.64. The company has a current ratio of 2.84, a quick ratio of 2.46 and a debt-to-equity ratio of 0.12. Tejon Ranch has a 12-month low of $14.71 and a 12-month high of $19.82.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of Tejon Ranch to a "sell" rating in a research report on Wednesday, March 5th.
Check Out Our Latest Stock Report on Tejon Ranch
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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