Last $39.13 USD
Change Today +0.77 / 2.01%
Volume 26.5K
ALCO On Other Exchanges
Symbol
Exchange
Berlin
As of 8:10 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

alico inc (ALCO) Snapshot

Open
$38.12
Previous Close
$38.36
Day High
$39.47
Day Low
$38.05
52 Week High
08/6/13 - $47.60
52 Week Low
05/2/14 - $33.77
Market Cap
287.8M
Average Volume 10 Days
16.4K
EPS TTM
$0.80
Shares Outstanding
7.4M
EX-Date
09/28/14
P/E TM
48.7x
Dividend
$0.24
Dividend Yield
0.97%
Current Stock Chart for ALICO INC (ALCO)

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alico inc (ALCO) Details

Alico, Inc., together with its subsidiaries, operates as an agribusiness and land management company in the United States. The company operates in five segments: Citrus Groves, Improved Farmland, Ranch and Conservation, Agricultural Supply Chain Management and Support, and Other Operations. It is engaged in planning, owning, cultivating, and/or managing citrus groves to produce fruits for sale to fresh and processed citrus markets; purchase and resale of citrus fruits; and contracting for the harvesting, marketing, and hauling of citrus. The company also plants, cultivates, and sells sugarcane on its improved farmlands; leases its improved farmlands to third parties; produces and sells calves to feed yards and yearling grazing operations; and sells cattle through local livestock auction markets and to contract cattle buyers. In addition, it leases land for recreational and grazing purposes, and conservation activities. Further, the company is involved in the rock and sand mining, oil exploration, and other business activities. As of September 30, 2013, it owned approximately 130,800 acres of land located in Alachua, Collier, Glades, Hendry, Lee, and Polk counties of Florida. The company was founded in 1960 and is based in Fort Myers, Florida. Alico Inc. is a subsidiary of Atlantic Blue Group, Inc.

154 Employees
Last Reported Date: 12/9/13
Founded in 1960

alico inc (ALCO) Top Compensated Officers

Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $280.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $485.0K
Treasurer
Total Annual Compensation: $230.0K
Compensation as of Fiscal Year 2013.

alico inc (ALCO) Key Developments

Alico Inc., Board Meeting, Jul 10, 2014

Alico Inc., Board Meeting, Jul 10, 2014. Agenda: To consider cash dividend for the fourth quarter of 2014.

Alico, Inc. Announces Fiscal Year 2014 Fourth Quarter Dividend, to be Payable on October 15, 2014

Alico Inc. announced that its Board of Directors, at a meeting held on July 10, 2014, declared a fiscal year 2014 fourth quarter cash dividend in the amount of $0.06 per share on its outstanding common stock. The dividend is to be paid to shareholders of record as of September 30, 2014, with payment expected on October 15, 2014.

Alico, Inc. Enters into Triple Net Agricultural Lease with United States Sugar Corporation

Alico Inc. entered into a triple net agricultural lease on May 19, 2014 with United States Sugar Corporation of approximately 30,600 gross acres of land in Hendry County, Florida used for sugarcane farming which includes 19,181 acres planted or plantable to sugar. As a result of the lease, Alico Inc. will no longer be directly engaged in sugarcane farming. The term of the lease is 10 years which may be extended by either party for 3 additional one year periods, except with respect to a specific portion of the leased premises (4,561 Net Cane Acres) which has a 5 year term which may be extended by either party for an additional year but can be terminated by the company at any time after one year. The lease includes various covenants, indemnities, defaults, termination rights, and other provisions customary for lease transactions of this nature. The annual base rent under the lease is $3,548,485 due and payable to the company on or before the first day of each year, and the tenant is obligated to pay additional rent per net cane acre annually if the year-end average net selling price per hundred weights is greater than or equal to $28. This effectively increases the rent in the event sugar prices rise in the future. The lease also provides for a one-time reimbursement to the company, at book value, for costs to plant sugarcane, growing costs and purchase of certain rolling stock used in the sugarcane operation.

 

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Industry Analysis

ALCO

Industry Average

Valuation ALCO Industry Range
Price/Earnings 14.7x
Price/Sales 3.0x
Price/Book 2.0x
Price/Cash Flow 14.7x
TEV/Sales 2.5x
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