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AlicoNASDAQ: ALCO

Profile

Industry:

Farm Products

Country:

United States

IPO:

03 May 1973

Next earnings report:

06 December 2024

Last dividends:

27 September 2024

Next dividends:

N/A
$186.06 M
-42%vs. 3y high
35%vs. sector
-94%vs. 3y high
4%vs. sector
-43%vs. 3y high
25%vs. sector
-31%vs. 3y high
90%vs. sector

Price

after hours | Fri, 01 Nov 2024 20:02:35 GMT
$24.39-$0.12(-0.49%)
$13.61 M$400.00 K
$13.61 M-$2.04 M

Analysts recommendations

Institutional Ownership

ALCO Latest News

Alico: Hurricane Milton's Potential Impact And Earnings Preview
seekingalpha.com31 October 2024 Sentiment: POSITIVE

Alico owns ~48,000 acres of citrus groves in Florida. Hurricane Milton likely damaged Alico's citrus groves for the upcoming 2025 season. However, the company's current valuation is low compared to the redevelopment potential of the citrus groves into residential real estate.

Initial Assessments Indicate that Alico, Inc. Sustained Minimal Tree Damage from Hurricane Milton Last Week
globenewswire.com17 October 2024 Sentiment: POSITIVE

FORT MYERS, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Initial assessments indicate that Alico, Inc. sustained minimal tree damage from Hurricane Milton last week.

Alico: A Post-Hurricane Buying Opportunity May Be Presenting Itself
seekingalpha.com09 October 2024 Sentiment: POSITIVE

Alico has an abundance of asset value hidden away in the land that it owns. If Alico completes an entitlement of its 4,500 acres at its Corkscrew grove site then the company could see its net asset value increase from $32.01 to $51.13 per share. The upcoming uncertainty surrounding the impacts of Hurricane Milton on Florida may present investors with buying opportunities in the days and weeks ahead.

Alico, Inc. Announces Amendment to its Revolving Line of Credit with MetLife
globenewswire.com17 September 2024 Sentiment: POSITIVE

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 under the $70 million working capital line of credit, subject to cancellation of its outstanding letters of credit, with Rabo Agrifinance, Inc. and replaced the Rabo Agrifinance working capital line of credit, which was due to mature on November 1, 2025.

Alico, Inc. (ALCO) Q3 2024 Earnings Call Transcript
seekingalpha.com06 August 2024 Sentiment: NEUTRAL

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, Inc. Announces Financial Results for the Third Quarter and Nine Months Ended June 30, 2024
globenewswire.com05 August 2024 Sentiment: NEUTRAL

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: The Value Is In The Land
seekingalpha.com31 July 2024 Sentiment: POSITIVE

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.

Alico, Inc. to Announce Third Quarter 2024 Financial Results on Monday, August 5, 2024
globenewswire.com22 July 2024 Sentiment: NEUTRAL

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

Alico, Inc. Announces New Supply Contract with Tropicana
globenewswire.com10 June 2024 Sentiment: POSITIVE

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.

The Bottom Fishing Club: Buy Alico's Florida Orange Groves At 50% Discount
seekingalpha.com31 May 2024 Sentiment: POSITIVE

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.

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What type of business is Alico?

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 engages in planting, owning, cultivating, and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing, and hauling of citrus. The Land Management and Other Operations segment is involved in the activities related to native plant sales, grazing and hunting leasing, management, and/or conservation of unimproved native pastureland; and activities related to rock mining royalties and other insignificant lines of business, as well as in the activities related to owning and/or leasing improved farmland. The company was incorporated in 1960 and is based in Fort Myers, Florida.

What sector is Alico in?

Alico is in the Consumer Defensive sector

What industry is Alico in?

Alico is in the Farm Products industry

What country is Alico from?

Alico is headquartered in United States

When did Alico go public?

Alico initial public offering (IPO) was on 03 May 1973

What is Alico website?

https://www.alicoinc.com

Is Alico in the S&P 500?

No, Alico is not included in the S&P 500 index

Is Alico in the NASDAQ 100?

No, Alico is not included in the NASDAQ 100 index

Is Alico in the Dow Jones?

No, Alico is not included in the Dow Jones index

When was Alico the previous earnings report?

No data

When does Alico earnings report?

The next expected earnings date for Alico is 06 December 2024