Tejon Ranch (NYSE:TRC) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Tejon Ranch (NYSE:TRC) issued its quarterly earnings results on Thursday. The real estate development and agribusiness company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01, reports. Tejon Ranch had a return on equity of 0.61% and a net margin of 6.41%.The firm had revenue of $21.11 million during the quarter, compared to the consensus estimate of $13.94 million.

Here are the key takeaways from Tejon Ranch’s conference call:

• Company-wide operating momentum with FY revenue of $49.6 million and adjusted EBITDA of $24.2 million, and Q4 adjusted EBITDA up 9% to $11.4 million.
• Q4 net income fell to $1.6 million ($0.06/share) from $4.5 million the prior year, primarily reflecting one-time proxy defense costs.
• Farming was a standout—Q4 farming revenue rose to $12.2 million (up ~26% YoY) and farming EBITDA improved as pistachio on-bearing year boosted production and margins.
• Commercial/industrial portfolio remains strong (industrial fully leased, commercial ~98% leased), the outlets posted December retail sales at a post‑2014 high, and the new Hard Rock Casino is already contributing positive retail traffic.
• Liquidity of about $91 million (cash/marketable securities plus revolver capacity) and a new multifamily segment (Terra Vista 70% leased) give flexibility, but Mountain Village and Centennial remain capital‑intensive and dependent on re‑entitlement, JV capital raises, and multi‑year timelines.

Tejon Ranch Stock Up 2.9%

Shares of Tejon Ranch stock opened at $18.78 on Friday. The business has a 50-day moving average price of $17.13 and a 200 day moving average price of $16.44. Tejon Ranch has a fifty-two week low of $15.04 and a fifty-two week high of $19.61. The firm has a market cap of $505.12 million, a P/E ratio of 156.52 and a beta of 0.65. The company has a quick ratio of 2.06, a current ratio of 2.66 and a debt-to-equity ratio of 0.19.

Institutional Investors Weigh In On Tejon Ranch

A number of institutional investors have recently made changes to their positions in TRC. Nitor Capital Management LLC acquired a new stake in shares of Tejon Ranch during the 4th quarter valued at approximately $21,227,000. UBS Group AG boosted its holdings in Tejon Ranch by 482.2% in the third quarter. UBS Group AG now owns 307,887 shares of the real estate development and agribusiness company’s stock worth $4,920,000 after purchasing an additional 255,008 shares during the period. Almitas Capital LLC bought a new stake in Tejon Ranch during the fourth quarter valued at $1,469,000. Two Sigma Investments LP acquired a new stake in shares of Tejon Ranch during the third quarter worth $1,314,000. Finally, Marshall Wace LLP acquired a new stake in shares of Tejon Ranch during the second quarter worth $770,000. 60.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Tejon Ranch from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

About Tejon Ranch

Tejon Ranch Corporation (NYSE: TRC) is one of California’s largest private landowners, with a diversified portfolio spanning agriculture, real estate development and natural resource operations. Headquartered in Lebec, California, the company’s holdings encompass approximately 270,000 acres in Kern and Los Angeles counties. Established in 1937 on the historic Rancho Tejon land grant, Tejon Ranch has leveraged its strategic location along Interstate 5 to build a multifaceted enterprise serving both local and regional markets.

In agriculture, Tejon Ranch grows a variety of row crops and permanent plantings, including almonds, pistachios, table grapes and citrus.