Tejon Ranch - TRC Stock Forecast, Price & News

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. It is also involved in the activities related to communications leases, and landscape maintenance. This segment leases land to two auto service stations with convenience stores, 13 fast-food operations, a motel, an antique shop, and a post office; various microwave repeater locations, radio and cellular transmitter sites, and fiber optic cable routes; and 32 acres of land for an electric power plant. The Resort/Residential Real Estate Development segment engages in land entitlement, planning, pre-construction engineering, stewardship, and conservation activities. The Mineral Resources segment includes oil and gas royalties, rock and aggregate royalties, and royalties from a cement operation leased to National Cement Company of California, Inc.; and the management of water assets and infrastructure projects. The Farming segment farms permanent crops, such as wine grapes in 1,036 acres, almonds in 2,262 acres, and pistachios in 1,053 acres. It also manages the farming of alfalfa and forage mix on 626 acres in the Antelope Valley; and leases 720 acres of land for growing vegetables, as well as almonds. The Ranch Operations segment provides game management and ancillary land services comprising grazing leases and filming, as well as various guided hunts. Tejon Ranch Co. was founded in 1843 and is based in Lebec, California.

Tejon Ranch Stock Performance

TRC Stock traded up $0.23 during midday trading on Wednesday, hitting $16.03. 17 shares of the company traded hands, compared to its average volume of 43,536. Tejon Ranch has a twelve month low of $14.83 and a twelve month high of $21.69. The company has a quick ratio of 4.34, a current ratio of 5.12 and a debt-to-equity ratio of 0.11. The business has a 50 day simple moving average of $15.80 and a 200-day simple moving average of $16.96. The stock has a market capitalization of $424.67 million, a price-to-earnings ratio of 58.52 and a beta of 0.58.

Tejon Ranch (NYSE:TRC - Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The real estate development and agribusiness company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). Tejon Ranch had a net margin of 12.40% and a return on equity of 1.57%. The company had revenue of $9.27 million for the quarter, compared to the consensus estimate of $12.44 million. As a group, equities research analysts predict that Tejon Ranch will post 0.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Tejon Ranch from a "hold" rating to a "sell" rating in a research report on Thursday, August 4th.