ALCO Stock: What’s Better Than Florida Oranges?

Coming from the wheat fields of Kansas, I never considered Florida agriculture Country.

But people here in the Sunshine State take few things more seriously than citrus.

From 2020 to 2021, Florida grew more than Half Of all the oranges in the United States.

The table above shows the amount of fresh fruit we produce worldwide.

Production increased from 576.7 million tons in 2000 to 887 million in 2020 – An increase of 53.8%.! And this is just the beginning of this upward trend.

Today’s Power Reserve Citrus Tower in Florida: Alico Inc. (Nasdaq: ALCO).

Alico’s 83,000 acres span eight rural Florida counties to grow citrus trees.

Fun fact: Ben Hill Griffin Jr. once ran the company. It is also the name of the football stadium of the University of Florida in Gainesville.

ALCO achieves “strong bullish” 99 out of 100 on our stock strength rating system, and we expect it to beat the broader market 3 times in the next 12 months.

ALCO stock: green across the board

In my research on Alico, I discovered two compelling items:

  • In the second quarter of 2022, ALCO generated sales of $50 million – An increase of 233.3%. from the previous quarter.
  • Its earnings per share increased by 322.9% From the second quarter of 2021 to the second quarter of 2022.

ALCO indicates in green on all six factors that make up the stock strength rating system.

When it comes to our fundamentals, it scores highest in growth and value.

Its price-to-earnings ratio is a reasonable 4.6 – almost Four times lower than the average in the agricultural sector.

ALCO stock chart

Created in July 2022.

ALCO stock hit a 52-week low in February 2022. Two months later, it climbed 35% to a 52-week low High.

The stock is up 6.6% in the past 12 months, outperforming the broader agriculture industry, which decreased by 2.8% in the same period.

Alico Inc. stock scores 99 in total About our proprietary stock strength rating system.

This means we are “strong bulls” and expect it to beat the broader market At least three times in the next 12 months.

Floridians are serious about our citrus.

A leader in citrus production in Florida, Alico’s agriculture stock is perfectly positioned to take advantage of increased global fruit production.

I’m sure you can see now why ALCO is a smart addition to your portfolio.

grant: Shareholders earn a dividend yield of 5.8%, meaning the company will pay you $2 per share, per year to hold the stock.

Stay tuned: Top US Semiconductor Stocks

Remember: we advertise Daily Power Stock Five days a week to give you access to the top companies our proprietary equity power rankings identify!

Stay tuned for the next issue, where I’ll share all the details about an American company that makes sought-after computer chips.

safe trading,

Matt Clark, CMSA®
Research analyst, money and markets

post Scriptum Love Daily Power Stock? Don’t forget to check The Power Stock PodcastThere I take a deep dive into one of our “strong bullish” power stocks and tell you why you should consider it for your portfolio.

The best of all? This is a separate share from the ones I share five days a week Daily Power Stock!

Check out our podcast YouTube channel or your favorite podcast provider.

ALCO Stock: What’s Better Than Florida Oranges? Source link ALCO Stock: What’s Better Than Florida Oranges?

Related Articles

Back to top button