Alico - ALCO Stock Forecast, Price & News

Alico's stock was trading at $37.03 at the beginning of the year. Since then, ALCO stock has decreased by 25.5% and is now trading at $27.59.
View the best growth stocks for 2022 here.

Alico saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 227,300 shares, an increase of 10.7% from the October 31st total of 205,400 shares. Based on an average trading volume of 38,800 shares, the days-to-cover ratio is presently 5.9 days. Approximately 5.0% of the shares of the company are short sold.
View Alico's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our ALCO earnings forecast.

Alico, Inc. (NASDAQ:ALCO) issued its earnings results on Tuesday, December, 7th. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.48) by $0.15. The company earned $4 million during the quarter, compared to analyst estimates of $1.90 million. Alico had a net margin of 34.31% and a negative trailing twelve-month return on equity of 2.06%. During the same quarter last year, the company earned ($0.43) earnings per share.

Alico declared a quarterly dividend on Wednesday, September 14th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.50 per share on Friday, October 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for ALCO.

Alico (NASDAQ:ALCO) pays an annual dividend of $2.00 per share and currently has a dividend yield of 7.20%. ALCO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 46.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, ALCO will have a dividend payout ratio of 298.51% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ALCO.

2 employees have rated Alico Chief Executive Officer Remy W. Trafelet on Glassdoor.com. Remy W. Trafelet has an approval rating of 100% among the company's employees. This puts Remy W. Trafelet in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Alico investors own include AbbVie (ABBV), Costco Wholesale (COST), Chevron (CVX), Gilead Sciences (GILD), Marathon Petroleum (MPC), Micron Technology (MU), NVIDIA (NVDA), Novartis (NVS), Pfizer (PFE) and Analog Devices (ADI).

Alico trades on the NASDAQ under the ticker symbol "ALCO."

Alico's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.79%), BlackRock Inc. (5.34%), Vanguard Group Inc. (2.86%), Pacific Ridge Capital Partners LLC (2.65%), Uniplan Investment Counsel Inc. (1.95%) and Bank of New York Mellon Corp (1.31%). Insiders that own company stock include Arlon Valencia Holdings Llc, James Sampel, Katherine English and Remy W Trafelet.
View institutional ownership trends.

Shares of ALCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of ALCO stock can currently be purchased for approximately $27.59.

Alico (NASDAQ:ALCO) has a market capitalization of $208.58 million and generates $108.56 million in revenue each year. The company earns $34.86 million in net income (profit) each year or $4.31 on an earnings per share basis.

The company employs 222 workers across the globe.

Alico's mailing address is 10070 DANIELS INTERSTATE COURT STE. 100, FT. MYERS FL, 33913. The official website for the company is www.alicoinc.com. The company can be reached via phone at (239) 226-2000, via email at jkiernan@alicoinc.com, or via fax at 863-675-6928.