Alico (NASDAQ:ALCO) Releases Quarterly Earnings Results, Misses Estimates By $0.92 EPS

Alico (NASDAQ:ALCO) released its quarterly earnings data on Wednesday. The company reported ($0.96) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.92), Zacks reports. Alico had a negative net margin of 487.45% and a negative return on equity of 98.37%. The business had revenue of $1.89 million during the quarter, compared to analyst estimates of $3.22 million.

Alico Price Performance

Shares of NASDAQ:ALCO opened at $40.80 on Friday. The company’s fifty day moving average price is $37.97 and its 200-day moving average price is $35.05. The company has a debt-to-equity ratio of 0.79, a current ratio of 9.56 and a quick ratio of 8.83. The firm has a market capitalization of $312.53 million, a price-to-earnings ratio of -2.20 and a beta of 1.02. Alico has a one year low of $27.02 and a one year high of $43.20.

Alico Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, January 2nd. Alico’s dividend payout ratio is currently -1.04%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Gate City Capital Management LLC increased its stake in shares of Alico by 28.2% during the second quarter. Gate City Capital Management LLC now owns 1,126,553 shares of the company’s stock valued at $36,816,000 after buying an additional 248,136 shares during the period. Vanguard Group Inc. boosted its holdings in Alico by 1.6% in the third quarter. Vanguard Group Inc. now owns 259,666 shares of the company’s stock worth $9,000,000 after acquiring an additional 4,064 shares in the last quarter. Peapod Lane Capital LLC grew its position in Alico by 0.7% during the 4th quarter. Peapod Lane Capital LLC now owns 133,701 shares of the company’s stock valued at $4,864,000 after purchasing an additional 983 shares during the last quarter. Towerview LLC raised its holdings in Alico by 8.7% in the 2nd quarter. Towerview LLC now owns 125,000 shares of the company’s stock worth $4,085,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Accordant Advisory Group Inc lifted its stake in Alico by 39.4% during the 4th quarter. Accordant Advisory Group Inc now owns 94,411 shares of the company’s stock valued at $3,435,000 after acquiring an additional 26,688 shares during the period. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ALCO shares. Weiss Ratings restated a “sell (d)” rating on shares of Alico in a report on Wednesday, January 21st. Roth Mkm reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Alico in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $42.00.

Alico Company Profile

Alico, Inc is an agribusiness and land management company headquartered in Fort Myers, Florida. The company owns and manages over 110,000 acres of land in southwestern Florida, with operations focused on citrus groves, sugarcane production, forestry and other row crops. Alico leverages its extensive land holdings to support integrated agricultural and environmental stewardship practices.

In its citrus division, Alico cultivates and markets fresh oranges for both the retail and processing markets, while its sugarcane segment supplies raw cane to domestic sugar mills.