Zacks Small Cap Boosts Earnings Estimates for Tejon Ranch

Tejon Ranch Co. (NYSE:TRC) – Zacks Small Cap boosted their FY2025 EPS estimates for shares of Tejon Ranch in a research report issued to clients and investors on Tuesday, March 11th. Zacks Small Cap analyst M. Marin now anticipates that the real estate development and agribusiness company will post earnings per share of $0.10 for the year, up from their previous estimate of $0.03. The consensus estimate for Tejon Ranch’s current full-year earnings is ($0.04) per share.

Separately, StockNews.com upgraded shares of Tejon Ranch to a “sell” rating in a research report on Wednesday, March 5th.

Tejon Ranch Price Performance

Shares of NYSE:TRC opened at $16.18 on Thursday. The stock has a market cap of $434.53 million, a PE ratio of -1,618,000.00 and a beta of 0.59. The company’s fifty day moving average is $15.89 and its 200 day moving average is $16.34. Tejon Ranch has a 52 week low of $14.70 and a 52 week high of $19.82. The company has a quick ratio of 2.46, a current ratio of 2.84 and a debt-to-equity ratio of 0.12.

Tejon Ranch (NYSE:TRC) last posted its quarterly earnings data on Thursday, March 6th. The real estate development and agribusiness company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.14. The firm had revenue of $17.94 million for the quarter, compared to analysts’ expectations of $15.53 million. Tejon Ranch had a negative net margin of 0.57% and a negative return on equity of 0.05%.

Hedge Funds Weigh In On Tejon Ranch

A number of large investors have recently added to or reduced their stakes in TRC. Bulldog Investors LLP grew its holdings in Tejon Ranch by 482.6% in the 4th quarter. Bulldog Investors LLP now owns 401,200 shares of the real estate development and agribusiness company’s stock worth $6,379,000 after acquiring an additional 332,341 shares during the last quarter. CenterBook Partners LP bought a new stake in Tejon Ranch in the 4th quarter worth $1,061,000. Gamco Investors INC. ET AL grew its holdings in Tejon Ranch by 7.9% in the 4th quarter. Gamco Investors INC. ET AL now owns 719,127 shares of the real estate development and agribusiness company’s stock worth $11,434,000 after acquiring an additional 52,401 shares during the last quarter. OFI Invest Asset Management bought a new stake in Tejon Ranch in the 4th quarter worth $632,000. Finally, Barclays PLC grew its holdings in Tejon Ranch by 298.1% in the 3rd quarter. Barclays PLC now owns 32,072 shares of the real estate development and agribusiness company’s stock worth $563,000 after acquiring an additional 24,015 shares during the last quarter. Hedge funds and other institutional investors own 60.63% of the company’s stock.

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.