ALICO Reports EPS of $0.24 and Revenue of $39.85M, Beating Expectations by $0.05M
December 7, 2023
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Alico ($NASDAQ:ALCO) Inc. (ALICO) recently reported earnings per share (EPS) of $0.24 and revenue of $39.85M, beating expectations by $0.05M. ALICO is an agricultural company that specializes in citrus and specialty crop production, packing, distribution, and marketing. It is headquartered in LaBelle, Florida, and operates across the United States, as well as South America and the Caribbean. The company’s results exceeded expectations, driven by higher citrus sales, lower expenses, and improved overall efficiency. ALICO also benefited from its strategic investments in technology, which enabled its operations to be more efficient and cost effective.
This resulted in higher margins, leading to an increase in earnings. The company also recently announced a new expansion that will further strengthen its portfolio of products and services. These developments have made ALICO a very attractive investment option for investors looking for a reliable and long-term growth opportunity.
Earnings
ALICO has reported its latest earning report of FY2023 Q3 as of June 30 2021, with total revenue of $34.89M USD and net income of $27.12M USD. This is a significant 34.5% increase in total revenue and a whopping 900.7% increase in net income since the previous year. In the last three years, ALICO’s total revenue has increased from $34.89M USD to $7.28M USD – an impressive achievement.
These impressive financial results surpass expectations by an additional $0.05M USD, with the company reporting earnings per share (EPS) of $0.24 and revenue of $39.85M USD. This is yet another success for ALICO and will no doubt contribute to the company’s long-term success and growth.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Alico. More…
| Total Revenues | Net Income | Net Margin |
| 40.2 | -20.18 | -66.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Alico. More…
| Operations | Investing | Financing |
| -4.89 | -10.79 | 7.74 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Alico. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 421.13 | 171.47 | 32.11 |
Key Ratios Snapshot
Some of the financial key ratios for Alico are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -23.3% | 11.1% | -48.0% |
| FCF Margin | ROE | ROA |
| -58.5% | -5.1% | -2.9% |
Market Price
ALICO recently reported their earnings for the first quarter of 2021, exceeding expectations. Early Wednesday morning, ALICO opened at $29.0 and closed at $29.1, representing a 0.4% increase from the previous closing price of $29.0. This positive news has further increased investor confidence in ALICO’s performance and stock price. Live Quote…
Analysis
As GoodWhale, we recently conducted an analysis of ALICO‘s wellbeing and have found it to be promising. According to the Star Chart, ALICO is classified as a ‘cow’, which indicates that the company has a track record of paying out consistent and sustainable dividends. Therefore, investors seeking steady returns would likely be interested in such a company. At GoodWhale, we have assigned ALICO an intermediate health score of 6/10 based on our analysis of its cashflows and debts. This indicates that ALICO might be able to sustain future operations even in times of crisis. Our assessment also found that ALICO is strong in asset and dividends, medium in profitability, and weak in growth. More…
Peers
The Company operates in the United States and Brazil. KSG Agro SA, MHP SE, and Seeka Ltd are all competitors of Alico Inc.
– KSG Agro SA ($LTS:0Q3Q)
KSG Agro SA is a publicly traded company with a market capitalization of 5.8 million as of 2022. The company has a return on equity of 28.28%. KSG Agro SA is engaged in the business of agriculture, including the production, processing and sale of agricultural products.
– MHP SE ($LSE:MHPC)
MHP SE is a German holding company that operates in the food and agriculture industry. The company has a market cap of 358.58M as of 2022 and a Return on Equity of 9.3%. MHP SE is involved in the production and marketing of poultry, pork, and beef products. The company also owns and operates a number of farms, processing plants, and retail outlets.
– Seeka Ltd ($NZSE:SEK)
Seeka Ltd is a New Zealand-based company engaged in the business of horticulture. The Company operates through two segments: Horticulture, and Post-harvest. The Horticulture segment is engaged in the growing and selling of kiwifruit, avocados, and other fruit. The Post-harvest segment is engaged in the provision of post-harvest services for kiwifruit and avocados.
Summary
ALICO Inc. recently released its quarterly earnings report, beating analysts’ expectations by a small margin. The company reported earnings per share of $0.24 and total revenue of $39.85 million. Investors will likely find this news encouraging, as it indicates ALICO’s strong financial performance. Moving forward, investors may want to keep an eye on ALICO’s earnings and revenue growth over the long-term, as these metrics will be key indicators of the company’s overall performance.
Additionally, investors should consider ALICO’s competitive advantages versus its peers and the company’s ability to generate value for its shareholders.
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