Alico (NASDAQ:ALCO) Issues Earnings Results, Beats Estimates By $1.03 EPS

Alico (NASDAQ:ALCO – Get Free Report) announced its quarterly earnings results on Monday. The company reported $0.29 EPS for the quarter, beating the consensus estimate of ($0.74) by $1.03, FiscalAI reports. The company had revenue of $9.04 million for the quarter, compared to analyst estimates of $2.75 million. Alico had a negative net margin of 115.00% and a negative return on equity of 38.92%.

Alico Stock Performance

ALCO stock traded up $0.86 during trading on Monday, hitting $39.06. The company had a trading volume of 36,293 shares, compared to its average volume of 24,881. The firm has a 50-day moving average price of $40.23 and a 200-day moving average price of $40.75. The company has a quick ratio of 9.39, a current ratio of 9.63 and a debt-to-equity ratio of 0.80. The firm has a market cap of $289.67 million, a PE ratio of -15.88 and a beta of 0.91. Alico has a 1-year low of $31.32 and a 1-year high of $45.01.

Get Alico alerts:

Alico Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, July 2nd were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. Alico’s dividend payout ratio (DPR) is currently -8.13%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC raised its stake in shares of Alico by 17.0% during the fourth quarter. Barclays PLC now owns 8,795 shares of the company’s stock worth $320,000 after purchasing an additional 1,278 shares during the last quarter. Walleye Capital LLC purchased a new position in Alico in the 4th quarter valued at $261,000. M Holdings Securities Inc. acquired a new position in Alico in the 4th quarter valued at $450,000. Deutsche Bank AG raised its position in Alico by 142.7% during the 4th quarter. Deutsche Bank AG now owns 7,246 shares of the company’s stock worth $264,000 after buying an additional 4,261 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Alico by 99.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 12,619 shares of the company’s stock worth $437,000 after acquiring an additional 6,295 shares during the period. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of Alico from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alico in a research report on Friday, July 17th. Finally, Freedom Capital downgraded Alico from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $45.00.

Get Our Latest Stock Report on Alico

Alico Company Profile

(Get Free Report)

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.

Featured Stories

• Five stocks we like better than Alico
• SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
• 3 Dividend Champion Utilities for a Market That Can’t Sit Still
• These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
• First Solar’s Profit Engine Faces a New Policy Test in Washington

Receive News & Ratings for Alico Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alico and related companies with MarketBeat.com's FREE daily email newsletter.