Zacks Small Cap Forecasts Stronger Earnings for Tejon Ranch

Tejon Ranch Co (NYSE:TRC) – Zacks Small Cap upped their FY2025 EPS estimates for Tejon Ranch in a report issued on Monday, November 10th. Zacks Small Cap analyst M. Marin now expects that the real estate development and agribusiness company will post earnings of ($0.01) per share for the year, up from their previous forecast of ($0.06). The consensus estimate for Tejon Ranch’s current full-year earnings is ($0.04) per share.

Tejon Ranch (NYSE:TRC) last announced its quarterly earnings results on Thursday, November 6th. The real estate development and agribusiness company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.05. The business had revenue of $11.97 million during the quarter, compared to analysts’ expectations of $9.53 million. Tejon Ranch had a negative net margin of 1.17% and a negative return on equity of 0.11%.

Other analysts have also recently issued reports about the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Tejon Ranch in a research note on Wednesday, October 8th. Wall Street Zen upgraded Tejon Ranch from a “sell” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tejon Ranch currently has an average rating of “Sell”.

Tejon Ranch Stock Performance

Shares of NYSE:TRC opened at $16.24 on Wednesday. The company has a current ratio of 2.24, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $16.08 and a 200-day moving average price of $16.84. The company has a market cap of $436.76 million, a price-to-earnings ratio of -1,624.00 and a beta of 0.63. Tejon Ranch has a 12 month low of $14.70 and a 12 month high of $19.39.

Institutional Trading of Tejon Ranch

Several large investors have recently bought and sold shares of TRC. Nuveen LLC purchased a new position in shares of Tejon Ranch during the 1st quarter worth approximately $1,046,000. CenterBook Partners LP boosted its position in shares of Tejon Ranch by 117.4% during the first quarter. CenterBook Partners LP now owns 145,039 shares of the real estate development and agribusiness company’s stock valued at $2,299,000 after purchasing an additional 78,339 shares in the last quarter. Levin Capital Strategies L.P. boosted its position in shares of Tejon Ranch by 97.9% during the second quarter. Levin Capital Strategies L.P. now owns 102,062 shares of the real estate development and agribusiness company’s stock valued at $1,731,000 after purchasing an additional 50,500 shares in the last quarter. American Century Companies Inc. grew its stake in Tejon Ranch by 9.8% in the first quarter. American Century Companies Inc. now owns 47,924 shares of the real estate development and agribusiness company’s stock worth $760,000 after purchasing an additional 4,288 shares during the period. Finally, Gamco Investors INC. ET AL raised its holdings in Tejon Ranch by 0.8% in the first quarter. Gamco Investors INC. ET AL now owns 724,927 shares of the real estate development and agribusiness company’s stock worth $11,490,000 after purchasing an additional 5,800 shares in the last quarter. 60.63% of the stock is owned by institutional investors.

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.