Analysts Offer Predictions for Tejon Ranch FY2025 Earnings

Tejon Ranch Co (NYSE:TRC) – Equities researchers at Zacks Small Cap boosted their FY2025 earnings per share (EPS) estimates for Tejon Ranch in a research report issued on Monday, November 10th. Zacks Small Cap analyst M. Marin now expects that the real estate development and agribusiness company will post earnings of ($0.01) per share for the year, up from their previous forecast of ($0.06). The consensus estimate for Tejon Ranch’s current full-year earnings is ($0.04) per share.

Other equities analysts have also recently issued research reports about the stock. Wall Street Zen raised shares of Tejon Ranch from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Tejon Ranch in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Tejon Ranch currently has an average rating of “Sell”.

Tejon Ranch Stock Up 1.1%

TRC stock opened at $16.24 on Wednesday. The company’s 50 day moving average is $16.08 and its 200 day moving average is $16.84. The stock has a market cap of $436.76 million, a price-to-earnings ratio of -1,624.00 and a beta of 0.63. The company has a current ratio of 2.24, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. Tejon Ranch has a 1-year low of $14.70 and a 1-year high of $19.39.

Tejon Ranch (NYSE:TRC) last released its quarterly earnings results on Thursday, November 6th. The real estate development and agribusiness company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.05. The firm had revenue of $11.97 million for the quarter, compared to analysts’ expectations of $9.53 million. Tejon Ranch had a negative return on equity of 0.11% and a negative net margin of 1.17%.

Institutional Investors Weigh In On Tejon Ranch

Hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its holdings in shares of Tejon Ranch by 59.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,200 shares of the real estate development and agribusiness company’s stock valued at $37,000 after purchasing an additional 823 shares during the last quarter. Strs Ohio purchased a new stake in Tejon Ranch during the first quarter valued at about $65,000. Raymond James Financial Inc. bought a new position in shares of Tejon Ranch during the second quarter valued at about $122,000. Bank of America Corp DE grew its stake in shares of Tejon Ranch by 13.0% during the second quarter. Bank of America Corp DE now owns 18,425 shares of the real estate development and agribusiness company’s stock valued at $312,000 after buying an additional 2,116 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Tejon Ranch by 96.8% in the third quarter. JPMorgan Chase & Co. now owns 19,572 shares of the real estate development and agribusiness company’s stock worth $313,000 after buying an additional 9,627 shares during the period. 60.63% of the stock is currently owned by institutional investors.

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.