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

Alico (NASDAQ:ALCO) announced 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 net margin of 14.95% and a negative return on equity of 6.06%.

Alico Trading Up 0.8 %

Shares of ALCO stock opened at $30.39 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.81 and a quick ratio of 0.99. The firm has a market cap of $232.06 million, a PE ratio of 33.03 and a beta of 0.81. The company has a 50-day moving average of $28.81 and a two-hundred day moving average of $27.76. Alico has a 1-year low of $24.14 and a 1-year high of $34.08.

Alico Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Friday, December 27th. Alico’s dividend payout ratio is currently -3.38%.

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.