Tejon Ranch (NYSE:TRC) Issues Earnings Results

Tejon Ranch (NYSE:TRC) announced its quarterly earnings data on Thursday. The real estate development and agribusiness company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06), reports. The company had revenue of $10.86 million for the quarter, compared to analysts’ expectations of $10.19 million. Tejon Ranch had a net margin of 3.21% and a return on equity of 0.26%.

Tejon Ranch Stock Up 1.9 %

Tejon Ranch stock opened at $16.83 on Friday. The firm has a market cap of $451.30 million, a price-to-earnings ratio of 280.50 and a beta of 0.59. The stock has a fifty day simple moving average of $17.02 and a two-hundred day simple moving average of $17.27. Tejon Ranch has a 12 month low of $14.80 and a 12 month high of $19.82. The company has a current ratio of 3.43, a quick ratio of 2.95 and a debt-to-equity ratio of 0.11.

Institutional Trading of Tejon Ranch

Institutional investors and hedge funds have recently modified their holdings of the business. Quent Capital LLC bought a new stake in shares of Tejon Ranch in the 3rd quarter worth $42,000. Signaturefd LLC grew its holdings in shares of Tejon Ranch by 1,267.2% in the second quarter. Signaturefd LLC now owns 2,584 shares of the real estate development and agribusiness company’s stock worth $44,000 after acquiring an additional 2,395 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Tejon Ranch by 65.7% in the first quarter. BNP Paribas Financial Markets now owns 10,216 shares of the real estate development and agribusiness company’s stock worth $157,000 after acquiring an additional 4,051 shares during the period. SG Americas Securities LLC grew its holdings in shares of Tejon Ranch by 39.2% in the second quarter. SG Americas Securities LLC now owns 11,249 shares of the real estate development and agribusiness company’s stock worth $192,000 after acquiring an additional 3,170 shares during the period. Finally, EntryPoint Capital LLC grew its holdings in shares of Tejon Ranch by 286.1% in the first quarter. EntryPoint Capital LLC now owns 14,740 shares of the real estate development and agribusiness company’s stock worth $227,000 after acquiring an additional 10,922 shares during the period. Institutional investors own 60.63% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Tejon Ranch to a “sell” rating in a research note on Wednesday, August 7th.

About Tejon Ranch

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.