Alico (NASDAQ:ALCO) Announces Earnings Results, Misses Expectations By $0.27 EPS

Alico (NASDAQ:ALCO) posted its quarterly earnings data on Wednesday. The company reported ($1.20) earnings per share (EPS) 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 Stock Performance

ALCO stock traded down $0.42 during mid-day trading on Wednesday, hitting $30.15. The company had a trading volume of 55,033 shares, compared to its average volume of 83,712. The firm has a market cap of $230.35 million, a PE ratio of 32.77 and a beta of 0.81. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 3.81. Alico has a 12 month low of $24.14 and a 12 month high of $34.08. The stock’s fifty day moving average price is $28.69 and its two-hundred day moving average price is $27.73.

Alico Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.66%. The ex-dividend date was Friday, December 27th. Alico’s dividend payout ratio is 21.74%.

About Alico

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.