ALCO Stock Recent News

Alico, Inc. (NASDAQ:ALCO ) Q3 2024 Results Conference Call August 6, 2024 8:30 AM ET Company Participants John Kiernan - President & Chief Executive Officer Brad Heine - Chief Financial Officer Operator Welcome to Alico's Third Quarter 2024 Conference Call. [Operator Instructions] As a reminder today's conference is being recorded.

Alico (ALCO) came out with a quarterly loss of $0.27 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to loss of $0.73 per share a year ago.

FORT MYERS, Fla. , Aug. 05, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico”, the “Company”, “we”, “us” or “our”) (Nasdaq: ALCO) today announced financial results for the third quarter of fiscal year 2024 and the nine months ended June 30, 2024, the highlights of which are as follows:

Alico, Inc is a citrus grower and land management company in Florida, trading near 52-week highs. Alico has strong balance sheets, with high shareholder equity and a price/book value of 0.81, making it a potential value play. Despite risks such as hurricanes and citrus diseases, Alico's recent deal with Tropicana and discount to book value make it a buy for value investors.

Company to Host Conference Call on Tuesday, August 6, 2024, at 8:30 AM Eastern Time Company to Host Conference Call on Tuesday, August 6, 2024, at 8:30 AM Eastern Time

FORT MYERS, Fla., June 10, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that it entered into a new agreement with its largest customer to supply citrus fruit. This agreement is effective June 5, 2024 through July 31, 2027, subject to its terms and conditions.

Alico is a Florida orange grove owner with 54,000+ acres, making it one of the largest U.S. citrus growers. Management estimates its grove and land holdings are worth as much as $635 million based on comparable property sales vs. $114 million listed on its balance sheet at cost. Using company numbers, I estimate a minimum after-tax liquidation value of $51 is available for investors at $26 per share today.

FORT MYERS, Fla., May 28, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico”) has announced that Mitch Hutchcraft is joining the company in a newly created position as Executive Vice President of Real Estate, effective as of today.

Alico's citrus groves were negatively impacted by Hurricane Ian in 2023, but improvements are expected in the current harvest. ALCO recently sold off the Alico Ranch, allowing the company to delever. The Company's current portfolio of citrus groves underpin $44/share in real estate value.

Alico (ALCO) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of a loss of $0.14 per share. This compares to loss of $1.62 per share a year ago.