Alico (ALCO) Releases Quarterly Earnings, Misses Estimates By $0.54 EPS
Alico (NASDAQ:ALCO) released its earnings data on Monday. The company reported $0.15 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.69 by $0.54, StockRatingsNetwork.com reports. The company had revenue of $28.70 million for the quarter, compared to the consensus estimate of $31.45 million.
Alico (NASDAQ:ALCO) traded up 2.69% during mid-day trading on Monday, hitting $38.23. 13,066 shares of the company’s stock traded hands. Alico has a 52 week low of $33.77 and a 52 week high of $44.69. The stock has a 50-day moving average of $38.02 and a 200-day moving average of $37.51. The company has a market cap of $281.2 million and a P/E ratio of 14.27.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Friday, September 26th.
Alico, Inc (NASDAQ:ALCO) is a land management company.
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