Tejon Ranch Company (TRC) Posts Quarterly Earnings Results
Tejon Ranch Company (NYSE:TRC) released its quarterly earnings results on Monday. The financial services provider reported ($0.09) earnings per share for the quarter. Tejon Ranch Company had a net margin of 5.28% and a return on equity of 0.77%. The business had revenue of $5.70 million during the quarter.
Tejon Ranch Company (NYSE:TRC) traded down 1.793% during midday trading on Tuesday, hitting $21.635. 99,713 shares of the stock were exchanged. The firm’s 50-day moving average price is $22.36 and its 200 day moving average price is $23.88. Tejon Ranch Company has a 1-year low of $19.50 and a 1-year high of $27.99. The firm has a market capitalization of $450.51 million, a P/E ratio of 801.296 and a beta of 1.51.
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Separately, TheStreet downgraded shares of Tejon Ranch Company from a “c” rating to a “d+” rating in a research report on Monday, April 10th.
About Tejon Ranch Company
Tejon Ranch Co is a diversified real estate development and agribusiness company. The Company operates through five segments: Real Estate-Commercial/Industrial; Real Estate-Resort/Residential; Mineral Resources; Farming Operations, and Ranch Operations. Its Real Estate-Commercial/Industrial segment is engaged in building, land lease activities, and land and building sales.
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