Tejon Ranch (NYSE:TRC) Releases Quarterly Earnings Results

Key Points

• Tejon Ranch reported a quarterly EPS of ($0.06), missing the consensus estimate of ($0.02), despite generating revenue of $8.31 million, which exceeded analyst estimates.
• Following the earnings release, Tejon Ranch's stock rose 0.2% to $17.04, with a market cap of approximately $458 million and a price-to-earnings ratio of -1,704.00.
• Insider trading activity included CFO Brett A. Brown selling 5,356 shares at an average price of $18.55, while 60.63% of the company's stock is held by institutional investors, highlighting significant ownership interest.

Tejon Ranch (NYSE:TRC - Get Free Report) posted its quarterly earnings results on Thursday. The real estate development and agribusiness company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.04), Zacks reports. The business had revenue of $8.31 million during the quarter, compared to analyst estimates of $8.10 million. Tejon Ranch had a negative return on equity of 0.11% and a negative net margin of 1.17%.

Tejon Ranch Stock Up 0.2%

Shares of Tejon Ranch stock traded up $0.03 during trading on Friday, hitting $17.04. 138,534 shares of the stock were exchanged, compared to its average volume of 113,219. The stock has a market cap of $458.04 million, a price-to-earnings ratio of -1,704.00 and a beta of 0.63. The firm's 50-day moving average price is $17.46 and its 200 day moving average price is $16.64. Tejon Ranch has a 12-month low of $14.70 and a 12-month high of $19.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.68 and a quick ratio of 2.35.

Insider Activity

In related news, CFO Brett A. Brown sold 5,356 shares of the business's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $18.55, for a total value of $99,353.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 22.44% of the company's stock.

Institutional Investors Weigh In On Tejon Ranch

A hedge fund recently raised its stake in Tejon Ranch stock. Jane Street Group LLC grew its holdings in Tejon Ranch Co (NYSE:TRC - Free Report) by 129.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 58,095 shares of the real estate development and agribusiness company's stock after buying an additional 32,768 shares during the period. Jane Street Group LLC owned 0.22% of Tejon Ranch worth $921,000 at the end of the most recent reporting period. 60.63% of the stock is owned by hedge funds and other institutional investors.

About Tejon Ranch

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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