Alico, Inc., together with its subsidiaries, operates as an agribusiness and land management company in the United States. The company operates in two segments, Alico Citrus, and Land Management and Other Operations. The Alico Citrus segment cultivates citrus trees to produce citrus for delivery to the processed and fresh citrus markets. The Land Management and Other Operations segment owns and manages land in Collier, Glades, and Hendry Counties; and leasing of land for recreational and grazing purposes, conservation, and mining activities. As of September 30, 2020, it owned 99,760 acres of land located in eight counties in Florida, which include the Charlotte, Collier, DeSoto, Glades, Hardee, Hendry, Highlands, and Polk. The company was founded in 1960 and is headquartered in Fort Myers, Florida.
IPO Year:
Exchange: NASDAQ
Website: alicoinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/6/2021 | $40.00 → $44.00 | Buy | Roth Capital |
Roth Capital reiterated coverage of Alico with a rating of Buy and set a new price target of $44.00 from $40.00 previously
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FORT MYERS, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Initial assessments indicate that Alico, Inc. sustained minimal tree damage from Hurricane Milton last week. Most importantly, we are grateful that none of our approximately 197 employees were casualties from this devastating storm in Florida last week. The full impact of Hurricane Milton on Alico's assets and operations is still being assessed at this time, but we believe the lessons learned over the past century, especially since Hurricane Irma in 2017 and Ian in 2022, allowed us to be better prepared prior to landfall and to more rapidly begin recovery after impact. Our disaster programs and protocols, our dedicated workforce, and exp
FORT MYERS, Fla., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico") (NASDAQ:ALCO) announced that, effective September 17 2024, it has amended its Credit Agreement (the "Amendment") with Metropolitan Life Insurance Company, and New England Life Insurance Company (collectively "MetLife"), which, among other things (i) increases the borrowing capacity under the revolving line of credit (the "RLOC") from $25 million to $95 million and (ii) now extends the maturity date of the RLOC to May 1, 2034. The RLOC is secured by real property, consisting of approximately 36,800 gross acres of citrus land. In addition, in connection with the Amendment, the Company paid off its current borrowings u
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: The Company previously announced that it entered a new three-year agreement to sell oranges to Tropicana at prices that are approximately 33% to 50% higher, over the life of the contract, than the average price for all the citrus fruit sold to Tropicana last season.The Company has now treated substantially all of its producing trees with Oxytetracycline ("OTC") and anticipates that these 4.5 million trees will s
FORT MYERS, Fla., July 22, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or the "Company") (NASDAQ:ALCO) today announced that the Company will release financial results for the quarter ended June 30, 2024, on Monday, August 5, after the market close. The Company will host a conference call to discuss its financial results on Tuesday, August 6, 2024, at 8:30 am Eastern Time. Interested parties may join the conference call by dialing 1-800-343-5172 in the United States and 1-203-518-9856 from outside of the United States. The participant identification to join the conference call is ALICO. A telephone replay will be available on August 6, 2024, approximately three hours after the call conc
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. This supply agreement succeeds existing agreements that are set to expire at the end of July 2024. This agreement effectively sells the citrus fruit grown on approximately 65% of Alico's currently planted acres to Tropicana Brands Group ("Tropicana") at prices per pound solids that are approximately 33% to 50% higher over the term of the contract than the average price for all the citr
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. In 2022, Alico began a process to analyze the long-term potential for its approximately 54,500 acres of real estate located in seven counties throughout Florida. As a publicly held company, Alico seeks to provide its investors with the benefits and stability of a conventional agriculture investment, with the optionality that comes with active land management. Alico is committed to remaining the largest citrus grower in Florida and is continuing its current citrus
FORT MYERS, Fla., May 06, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico", the "Company", "we", or "our") (NASDAQ:ALCO) today announces financial results for the second quarter of fiscal year 2024 and the six months ended March 31, 2024, the highlights of which are as follows: Revenues of $32.1 million for the six months ended March 31, 2024 were relatively flat as compared to $31.9 million in the six months ended March 31, 2023.Net income attributable to Alico, Inc. common stockholders of $27.1 million and EBITDA of $47.3 million for the six months ended March 31, 2024. After adjusting for certain items, the Company reports Adjusted EBITDA of $(1.0) million for the six months ended March 3
FORT MYERS, Fla., April 22, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or the "Company") (NASDAQ:ALCO) today announced that the Company will release financial results for the quarter ended March 31, 2024, on Monday, May 6, after the market close. The Company will host a conference call to discuss its financial results on Tuesday, May 7, 2024, at 8:30 am Eastern Time. Interested parties may join the conference call by dialing 1-888-886-7786 in the United States and 1-416-764-8658 from outside of the United States. The participant identification to join the conference call is 99616585. A telephone replay will be available on May 7, 2024, approximately three hours after the call conclude
FORT MYERS, Fla., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or the "Company") (NASDAQ:ALCO) today announces financial results for the first fiscal quarter ended December 31, 2023, the highlights of which are as follows: The Company reports net income attributable to Alico, Inc. common stockholders of $42.9 million and EBITDA of $63.8 million for the fiscal quarter. After adjusting for certain items, the Company reports Adjusted EBITDA of $(2.3) million for the quarter ended December 31, 2023.On December 21, 2023, the Company closed on the sale of 17,229 acres of the Alico Ranch to the State of Florida for $77.6 million in gross proceeds.The Company repaid all outstanding borr
FORT MYERS, Fla., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or the "Company") (NASDAQ:ALCO) today announced that the Company will release financial results for the first quarter ended December 31, 2023, on Wednesday, February 7, after the market close. The Company will host a conference call to discuss its financial results on Thursday, February 8, 2024, at 8:30 am Eastern Time. Interested parties may join the conference call by dialing 1-888-886-7786 in the United States and 1-416-764-8658 from outside of the United States. The participant identification to join the conference call is 37132138. A telephone replay will be available on February 8, 2024, approximately three ho
FORT MYERS, Fla., Aug. 16, 2023 (GLOBE NEWSWIRE) -- Alico, Inc. (NASDAQ:ALCO, ", Alico", or ", the Company", ))), an agriculture and land management company, today announced the departure of Perry G. Del Vecchio as the Company's Chief Financial Officer, effective as of August 16, 2023, and the hiring and appointment of Bradley Heine as his replacement, effective as of today, August 16, 2023. As the new Chief Financial Officer, principal financial officer, and principal accounting officer for Alico, Mr. Heine will be responsible for all corporate finance, treasury and accounting functions of the Company and will report directly to John Kiernan, the Company's President and Chief Executive O
FORT MYERS, Fla., Sept. 06, 2022 (GLOBE NEWSWIRE) -- Alico, Inc. (NASDAQ:ALCO, ", Alico", or ", the Company", ))), an agriculture and land management company, today announced the hiring and appointment of Perry G. Del Vecchio as the Company's Chief Financial Officer, effective as of September 6, 2022. Mr. Del Vecchio will be responsible for all corporate finance, treasury and accounting functions of the Company and will report directly to John Kiernan, the Company's President and Chief Executive Officer. "We are very pleased to have Perry join Alico's senior leadership team as our CFO," said Mr. Kiernan. "Perry's background as a senior finance leader for a $6 billion division of a Fortun
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FORT MYERS, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Initial assessments indicate that Alico, Inc. sustained minimal tree damage from Hurricane Milton last week. Most importantly, we are grateful that none of our approximately 197 employees were casualties from this devastating storm in Florida last week. The full impact of Hurricane Milton on Alico's assets and operations is still being assessed at this time, but we believe the lessons learned over the past century, especially since Hurricane Irma in 2017 and Ian in 2022, allowed us to be better prepared prior to landfall and to more rapidly begin recovery after impact. Our disaster programs and protocols, our dedicated workforce, and exp
FORT MYERS, Fla., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico") (NASDAQ:ALCO) announced that, effective September 17 2024, it has amended its Credit Agreement (the "Amendment") with Metropolitan Life Insurance Company, and New England Life Insurance Company (collectively "MetLife"), which, among other things (i) increases the borrowing capacity under the revolving line of credit (the "RLOC") from $25 million to $95 million and (ii) now extends the maturity date of the RLOC to May 1, 2034. The RLOC is secured by real property, consisting of approximately 36,800 gross acres of citrus land. In addition, in connection with the Amendment, the Company paid off its current borrowings u
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: The Company previously announced that it entered a new three-year agreement to sell oranges to Tropicana at prices that are approximately 33% to 50% higher, over the life of the contract, than the average price for all the citrus fruit sold to Tropicana last season.The Company has now treated substantially all of its producing trees with Oxytetracycline ("OTC") and anticipates that these 4.5 million trees will s
FORT MYERS, Fla., July 22, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or the "Company") (NASDAQ:ALCO) today announced that the Company will release financial results for the quarter ended June 30, 2024, on Monday, August 5, after the market close. The Company will host a conference call to discuss its financial results on Tuesday, August 6, 2024, at 8:30 am Eastern Time. Interested parties may join the conference call by dialing 1-800-343-5172 in the United States and 1-203-518-9856 from outside of the United States. The participant identification to join the conference call is ALICO. A telephone replay will be available on August 6, 2024, approximately three hours after the call conc
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. This supply agreement succeeds existing agreements that are set to expire at the end of July 2024. This agreement effectively sells the citrus fruit grown on approximately 65% of Alico's currently planted acres to Tropicana Brands Group ("Tropicana") at prices per pound solids that are approximately 33% to 50% higher over the term of the contract than the average price for all the citr
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. In 2022, Alico began a process to analyze the long-term potential for its approximately 54,500 acres of real estate located in seven counties throughout Florida. As a publicly held company, Alico seeks to provide its investors with the benefits and stability of a conventional agriculture investment, with the optionality that comes with active land management. Alico is committed to remaining the largest citrus grower in Florida and is continuing its current citrus
NEW YORK, NY / ACCESSWIRE / May 7, 2024 / Sidoti Events, LLC, an affiliate of Sidoti & Company, LLC, has released the presentation schedule and weblinks for its two-day May Micro-Cap Conference taking place Wednesday and Thursday, May 8-9, 2024. The presentation schedule is subject to change. Please visit www.sidoti.com/events for the most updated version and webinar links. Presentation Schedule*All Times ESTWednesday, May 8, 2024 (Day 1)8:30-9:00Perfect Corp (PERF)*****Evaxion (EVAX)9:15-9:45CPS Technologies Corp. (CPSH)*****Talisker Resources Ltd. (TSKFF)10:00-10:30Genius Group (GNS)L.B. Foster (FSTR)Alico Inc. (ALCO)10:45-11:15AstroNova, Inc. (ALOT)*****Athira Pharma (ATHA)11:30-12:0
FORT MYERS, Fla., May 06, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico", the "Company", "we", or "our") (NASDAQ:ALCO) today announces financial results for the second quarter of fiscal year 2024 and the six months ended March 31, 2024, the highlights of which are as follows: Revenues of $32.1 million for the six months ended March 31, 2024 were relatively flat as compared to $31.9 million in the six months ended March 31, 2023.Net income attributable to Alico, Inc. common stockholders of $27.1 million and EBITDA of $47.3 million for the six months ended March 31, 2024. After adjusting for certain items, the Company reports Adjusted EBITDA of $(1.0) million for the six months ended March 3
LAS VEGAS, NV / ACCESSWIRE / April 29, 2024 / Planet MicroCap presents the Planet MicroCap Showcase: VEGAS taking place on April 30 - May 2, 2024, where 96 MicroCap public and private companies will be presenting at the Paris Hotel & Casino in Las Vegas, NV.Event website: https://planetmicrocapshowcase.comThe Planet MicroCap Showcase begins on Tuesday, April 30, 2024 with the "MicroCap Investing Workshop" starting at 12:00pm PST and featuring well-known financial influencers, investors, fund managers, and key opinion leaders, followed by 96 MicroCap public and private company presentations on Wednesday, May 1, 2024, and 1x1 meetings on Thursday, May 2, 2024.If you would like to attend and pa
FORT MYERS, Fla., April 22, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or the "Company") (NASDAQ:ALCO) today announced that the Company will release financial results for the quarter ended March 31, 2024, on Monday, May 6, after the market close. The Company will host a conference call to discuss its financial results on Tuesday, May 7, 2024, at 8:30 am Eastern Time. Interested parties may join the conference call by dialing 1-888-886-7786 in the United States and 1-416-764-8658 from outside of the United States. The participant identification to join the conference call is 99616585. A telephone replay will be available on May 7, 2024, approximately three hours after the call conclude
This supply agreement succeeds existing agreements that are set to expire at the end of July 2024. This agreement effectively sells the citrus fruit grown on approximately 65% of Alico's currently planted acres to Tropicana Brands Group ("Tropicana") at prices per pound solids that are approximately 33% to 50% higher over the term of the contract than the average price for all the citrus fruit sold to Tropicana last season. Alico has another supply contract with Tropicana that remains in effect through the 2024-25 harvest season.
Alico (NASDAQ:ALCO) reported quarterly earnings of $0.26 per share which beat the analyst consensus estimate of $(0.14) by 285.71 percent. This is a 116.05 percent increase over losses of $(1.62) per share from the same period last year. The company reported quarterly sales of $18.113 million which missed the analyst consensus estimate of $40.600 million by 55.39 percent. This is a 14.94 percent decrease over sales of $21.294 million the same period last year.
The Meaning Behind Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. The following stocks are considered to be notable value stocks in the consumer defensive sector: Bunge Global (NYSE:BG) - P/E: 7.16 Alico (NASDAQ:ALCO) - P/E: 4.31 Cal-Maine Foods (NASDAQ:CALM) - P/E: 6.21 Greenlane Hldgs (NASDAQ:GNLN) - P/E: 0.0 Herbalife (NYSE:HLF) -
Alico (NASDAQ:ALCO) reported quarterly losses of $(0.71) per share which missed the analyst consensus estimate of $(0.28) by 153.57 percent. This is a 15.48 percent increase over losses of $(0.84) per share from the same period last year. The company reported quarterly sales of $13.98 million which beat the analyst consensus estimate of $11.50 million by 21.61 percent. This is a 32.08 percent increase over sales of $10.59 million the same period last year.
Companies Reporting Before The Bell • Madison Square Garden (NYSE:MSGE) is expected to report quarterly loss at $0.80 per share on revenue of $301.83 million. • Scotts Miracle Gro (NYSE:SMG) is expected to report quarterly loss at $1.53 per share on revenue of $412.83 million. • TotalEnergies (NYSE:TTE) is projected to report quarterly earnings at $2.28 per share on revenue of $41.80 billion. • Equinor (NYSE:EQNR) is likely to report earnings for its fourth quarter. • Euronet Worldwide (NASDAQ:EEFT) is estimated to report quarterly earnings at $1.76 per share on revenue of $944.71 million. • Flex LNG (NYSE:FLNG) is likely to report quarterly earnings at $0.67 per share on revenue of $9
Alico (NASDAQ:ALCO) is set to give its latest quarterly earnings report on Wednesday, 2024-02-07. Here's what investors need to know before the announcement. Analysts estimate that Alico will report an earnings per share (EPS) of $-0.28. Alico bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company beat EPS by $0.31, which was followed by a 2.51% increase in the share price the ne
By the close of today, January 12, 2024, Alico (NASDAQ:ALCO) will issue a dividend payout of $0.05 per share, resulting in an annualized dividend yield of 0.67%. Only those investors who owned the stock prior to the ex-dividend date on December 28, 2023 will receive this payout. Alico Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; } tr:nth-child(ev
Alico (NASDAQ:ALCO) reported its Q4 earnings results on Wednesday, December 6, 2023 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Alico beat estimated earnings by 91.18%, reporting an EPS of $-0.03 versus an estimate of $-0.34. Revenue was down $351 thousand from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.81 which was followed by a 0.12% increase in the share price the next day. Here's a look at Alico's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.08 0.13 -0.31 -0.25 EPS Actual -0.73 -1.62 -0.84 0.17 Revenue Estimate 15.50M 28.00M 8.10M 1.90M Revenue Actual 7.28M
Alico (NASDAQ:ALCO) reported quarterly losses of $(0.03) per share. This is a 117.65 percent decrease over earnings of $0.17 per share from the same period last year.
Companies Reporting Before The Bell • Ollie's Bargain Outlet (NASDAQ:OLLI) is estimated to report quarterly earnings at $0.44 per share on revenue of $468.55 million. • Root (NASDAQ:ROOT) is likely to report quarterly earnings at $0.02 per share on revenue of $64.69 million. • John Wiley & Sons (NYSE:WLY) is projected to report quarterly earnings at $0.56 per share on revenue of $378.40 million. • Brown Forman Inc Class B Common Stock (NYSE:BF) is likely to report quarterly earnings at $0.51 per share on revenue of $1.15 billion. • Vera Bradley (NASDAQ:VRA) is estimated to report quarterly earnings at $0.09 per share on revenue of $123.09 million. • Campbell Soup (NYSE:CPB) is likely t