Tejon Ranch (NYSE:TRC) Posts Earnings Results, Beats Expectations By $0.07 EPS

Tejon Ranch (NYSE:TRC) announced its earnings results on Tuesday. The real estate development and agribusiness company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.07, Yahoo Finance reports. Tejon Ranch had a net margin of 1.45% and a return on equity of 0.12%. The company had revenue of $5.69 million during the quarter, compared to analyst estimates of $7.50 million.

Tejon Ranch Price Performance

Shares of TRC traded down $0.26 during midday trading on Wednesday, reaching $16.59. The stock had a trading volume of 51,818 shares, compared to its average volume of 75,790. The company has a market capitalization of $444.56 million, a price-to-earnings ratio of 555.67 and a beta of 0.60. The company’s 50-day moving average is $17.57 and its 200 day moving average is $16.73. The company has a current ratio of 4.86, a quick ratio of 4.48 and a debt-to-equity ratio of 0.10. Tejon Ranch has a 12-month low of $14.80 and a 12-month high of $19.82.

Tejon Ranch Company Profile

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.