Alico (NASDAQ:ALCO) Releases Earnings Results

Alico (NASDAQ:ALCO) posted its quarterly earnings results on Wednesday. The company reported ($1.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.93) by ($0.27), Zacks reports. Alico had a negative return on equity of 6.06% and a net margin of 14.95%.

Alico Trading Up 0.8 %

Shares of ALCO opened at $30.39 on Friday. Alico has a twelve month low of $24.14 and a twelve month high of $34.08. The company has a market cap of $232.06 million, a P/E ratio of 33.03 and a beta of 0.81. The company has a current ratio of 3.81, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35. The company’s fifty day simple moving average is $28.81 and its 200-day simple moving average is $27.76.

Alico Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.20 annualized dividend and a yield of 0.66%. Alico’s dividend payout ratio (DPR) is currently -3.38%.

Alico Company Profile

Alico, Inc, together with its subsidiaries, operates as an agribusiness and land management company in the United States. The company operates in two segments, Alico Citrus, and Land Management and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing, and hauling of citrus.