Revenue Update on Alico(NASDAQ:ALCO)

Alico(NASDAQ:ALCO) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-Market on Feb 6, 2017. Earnings per share were $-0.22.

Alico (ALCO) made into the market gainers list on Tuesdays trading session with the shares advancing 1.10% or 0.3 points. Due to strong positive momentum, the stock ended at $27.6, which is also near the day’s high of $27.6. The stock began the session at $27.405 and the volume stood at 1,355 shares. The 52-week high of the shares is $32.66 and the 52 week low is $20.99. The company has a current market capitalization of $230 M and it has 83,24,746 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 2, 2016, Clayton G Wilson (President & CEO) purchased 85 shares at $39.77 per share price.Also, On Mar 28, 2016, Remy W Trafelet (director 10% owner) purchased 5,900 shares at $27.42 per share price.On Mar 28, 2016, George R Brokaw (director 10% owner) purchased 5,900 shares at $27.42 per share price, according to the Form-4 filing with the securities and exchange commission.

Alico Inc. is an agribusiness and natural resources management company. The Company’s Citrus Groves segment includes activities related to planting owning cultivating and/or managing citrus groves in order to produce fruit for sale to fresh and processed citrus markets. The Improved Farmland segment includes activities related to owning and/or leasing improved farmland. The Agricultural Supply Chain Management segment includes activities related to the purchase and resale of fruit as well as value-added services which include contracting for the harvesting marketing and hauling of citrus. The Ranch and Conservation segment includes activities related to cattle grazing sod native plant and animal sales leasing management and/or conservation of unimproved native pastureland. The Other Operations segment includes activities related to a citrus nursery rock mining royalties oil exploration and other lines of business.

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