Latest news with #ALCO
Yahoo
3 days ago
- Business
- Yahoo
Alico's Land Sales Beat Target as Final Citrus Harvest Completed
Download the Complete Report Here By Rayk Riechmann With the final major citrus harvest finished in its third fiscal quarter, Alico, Inc. (Nasdaq: ALCO) completed a major strategic shift towards transforming into a diversified land management company. Finalizing this key milestone in the company's transitioning process allows financial and operational resources to be redirected towards high-potential initiatives in line with the new business strategy. To unlock scalable and less volatile revenue streams, ALCO now focuses on land development, conservation projects and alternative agricultural uses. Adding to the transformational momentum, land sales are already ahead of target for fiscal year 2025, exceeding original guidance by $3.5 million. This strong asset monetization provides additional resources to advance new strategic focal points. Financial results are undergoing a transitional period that should be temporary, clearing the way for a cleaner and more lucrative set of revenue streams. Overall revenue from citrus operations declined reasonably by 41%, which is to be expected. But looking ahead, management reaffirmed the fiscal 2025 EBIDTA guidance of $20 million, so investors should keep their eye on the prize. As a baseline, our own DCF analysis that takes future land sales as a basis for cash-flow run rate, we arrive at an upside potential of 7% in the stock. However, the valuation can be far higher if long-term developments and positive land price movements are taken into consideration. Check out our full coverage below and sign up for the newsletter to not miss out on up-to-date earnings coverage. Download the Complete Report Here Subscribe to our Weekly Newsletter to Receive All Research Contact: Rayk@
Yahoo
30-07-2025
- Business
- Yahoo
Alico, Inc. to Announce Third Quarter 2025 Financial Results on Tuesday, August 12, 2025
FORT MYERS, Fla., July 30, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. ('Alico' or the 'Company') (Nasdaq: ALCO) today announced that the Company will release financial results for the third quarter ended June 30, 2025, on Tuesday, August 12, 2025 after market close. The Company will host a conference call to discuss its financial results on Wednesday, August 13, 2025, at 8:30 am Eastern Time. Interested parties may join the conference call by dialing 1-800-267-6316 in the United States and 1-203-518-9783 from outside of the United States. The participant identification to join the conference call is ALICO. A telephone replay will be available on Wednesday, August 13, 2025 approximately three hours after the call concludes, and will be available through Wednesday, August 27, 2025. Listeners in the United States may dial 1-844-512-2921 and international listeners may dial 1-412-317-6671. The passcode for the playback is 11159421. About Alico Alico, Inc. (Nasdaq: ALCO) is a Florida-based agribusiness and land management company with over 125 years of experience. Following its strategic transformation in 2025, Alico operates as a diversified land company with approximately 51,300 acres across 8 Florida counties. The Company focuses on strategic land development opportunities and diversified agricultural operations, leveraging its extensive land portfolio to create long-term shareholder value while maintaining its commitment to responsible land stewardship and conservation. Learn more about Alico at Investor Contact:John MillsICR(646) 277-1254InvestorRelations@ Brad HeineChief Financial Officer(239) 226-2000bheine@ in to access your portfolio
Time of India
16-07-2025
- Business
- Time of India
Indian Overseas Bank cuts MCLR by 50 basis points across all tenors
Public sector Indian Overseas Bank revised its Marginal Cost of Funds-based Lending Rates (MCLR) by 50 basis points across all tenors with immediate effect, the bank said on Wednesday. The Asset Liability Management Committee (ALCO) of the bank, at its meeting held on July 14, reviewed the bank's MCLR and decided to reduce it with effect from July 15. Explore courses from Top Institutes in Select a Course Category Technology Management Healthcare PGDM Degree Public Policy healthcare MBA Project Management Artificial Intelligence Product Management Operations Management Leadership Finance Design Thinking Data Analytics Digital Marketing others CXO Cybersecurity Others Data Science Data Science Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details Accordingly, the revised MCLR for the overnight tenure has been reduced to 8.15 per cent from the existing 8.25 per cent. For the one-month tenure, the MCLR has been revised to 8.40 per cent from the earlier 8.50 per cent. For tenures of three, six, and 12 months, the MCLR has been revised to 8.55 per cent (down from 8.65 per cent), 8.80 per cent (down from 8.90 per cent), and 9 per cent (down from 9.10 per cent), respectively, the bank said. Live Events Marginal Cost of Funds-based Lending Rates are used in consumer loans, such as auto and personal loans. Borrowers whose loans are linked to this benchmark are expected to benefit from the reduced rates. Economic Times WhatsApp channel )
Economic Times
02-07-2025
- Business
- Economic Times
Rites shares jump 6% after winning $3.6 million international order
Rites shares rallied over 6% to Rs 296 on Wednesday after the company announced a significant international contract win, signaling a positive addition to its order pipeline. ADVERTISEMENT On July 1, 2025, RITES announced that it had secured a USD 3.6 million purchase order from African Rail Company for the supply and commissioning of two fully overhauled ALCO diesel-electric locomotives. These locomotives will be deployed in Zimbabwe, Mozambique, and Botswana. The project includes supply of Cape Gauge ALCO locomotives equipped with new bogies, traction motors, air brakes, and control systems, along with warranty support and technical deployment from RITES. The contract is expected to be executed within 9 months. Shares of RITES Ltd rose 6% to Rs 296, compared to the previous close of Rs 279. With this move, the company's market capitalization now stands at Rs 13,411.25 the past three months, the stock has delivered a strong 25% gain, reflecting sustained investor interest and positive business developments. The stock is currently trading well above its 52-week low of Rs 192.40, but remains below its 52-week high of Rs 398.45, leaving room for further upside if momentum continues. ADVERTISEMENT From a valuation standpoint, Rites is trading at a price-to-earnings (PE) ratio of 34.09 and a price-to-book (PB) ratio of 4.88, suggesting moderate-to-high investor expectations relative to earnings and asset the technical front, the Relative Strength Index (RSI-14) stands at 50.9, indicating a neutral zone — neither overbought nor oversold. (RSI below 30 signals an oversold condition, while above 70 indicates overbought levels.) ADVERTISEMENT Moreover, RITES is currently trading above all 8 key Simple Moving Averages (SMAs) — ranging from the 5-day to the 200-day — which is typically considered a bullish signal, highlighting strong underlying momentum. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
02-07-2025
- Business
- Time of India
Rites shares jump 6% after winning $3.6 million international order
Rites shares rallied over 6% to Rs 296 on Wednesday after the company announced a significant international contract win , signaling a positive addition to its order pipeline . On July 1, 2025, RITES announced that it had secured a USD 3.6 million purchase order from African Rail Company for the supply and commissioning of two fully overhauled ALCO diesel-electric locomotives . These locomotives will be deployed in Zimbabwe, Mozambique, and Botswana. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dukung Orang Terkasih Menghadapi Limfoma: Mulai Di Sini Limfoma Klik Di Sini Undo The project includes supply of Cape Gauge ALCO locomotives equipped with new bogies, traction motors, air brakes, and control systems, along with warranty support and technical deployment from RITES. The contract is expected to be executed within 9 months. Stock Price, Valuation & Technical Overview Shares of RITES Ltd rose 6% to Rs 296, compared to the previous close of Rs 279. With this move, the company's market capitalization now stands at Rs 13,411.25 crore. Live Events Over the past three months, the stock has delivered a strong 25% gain, reflecting sustained investor interest and positive business developments. The stock is currently trading well above its 52-week low of Rs 192.40, but remains below its 52-week high of Rs 398.45, leaving room for further upside if momentum continues. From a valuation standpoint, Rites is trading at a price-to-earnings (PE) ratio of 34.09 and a price-to-book (PB) ratio of 4.88, suggesting moderate-to-high investor expectations relative to earnings and asset base. On the technical front, the Relative Strength Index (RSI-14) stands at 50.9, indicating a neutral zone — neither overbought nor oversold. (RSI below 30 signals an oversold condition, while above 70 indicates overbought levels.) Moreover, RITES is currently trading above all 8 key Simple Moving Averages (SMAs) — ranging from the 5-day to the 200-day — which is typically considered a bullish signal, highlighting strong underlying momentum.
