Last $27.33 USD
Change Today -0.19 / -0.69%
Volume 19.0K
SJW On Other Exchanges
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As of 8:04 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

sjw corp (SJW) Key Developments

SJW Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Announces Quarterly Dividend, Payable on June 2, 2014

SJW Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the period, the company reported net income of $906,000 or $0.04 per basic and diluted share on operating revenue of $54,596,000 against net income of $1,317,000 or $0.07 per basic and diluted share on operating revenue of $50,139,000 a year ago. Comprehensive income was $1,104,000 compared to $1,671,000 a year ago. Operating income of $6,054,000 and income before income taxes was $1,467,000 against operating income of $5,773,000 and income before income taxes was $2,247,000 a year ago. The $4,500,000 increase in revenue was attributable to $3,300,000 in higher customer water usage, $2,700,000 in cumulative rate increases and $300,000 in revenue from new customers. The decrease in quarterly net income was primarily due to higher water costs in its California service area. The company reported capital expenditures of approximately $25 million in utility plants during the quarter. The directors of declared a quarterly dividend on common stock of $0.1875 per share. The dividend is payable on June 2, 2014 to shareholders of record on May 12, 2014.

SJW Corp. to Report Q1, 2014 Results on Apr 30, 2014

SJW Corp. announced that they will report Q1, 2014 results at 5:00 PM, Eastern Standard Time on Apr 30, 2014

SJW Corp., Q1 2014 Earnings Call, May 01, 2014

SJW Corp., Q1 2014 Earnings Call, May 01, 2014

SJW Corp., Annual General Meeting, Apr 30, 2014

SJW Corp., Annual General Meeting, Apr 30, 2014., at 09:00 Pacific Standard Time. Location: 110 W. Taylor Street. Agenda: To elect eight directors to serve on the Board of Directors of the company; to vote on the advisory resolution to approve the compensation of the named executive officers as disclosed in this proxy statement in accordance with the standards established under Item 402 of Regulation S-K under the Securities Exchange Act of 1934; to approve the 2014 Employee Stock Purchase Plan which was adopted by the board of directors of the company on January 29, 2014; to ratify the appointment of KPMG LLP as the independent registered public accounting firm of the company for fiscal year 2014; and to act upon such other business as may properly come before the annual meeting or any adjournment or postponement thereof.

SJW Corp. Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

SJW Corp. announced consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported operating revenue of $67,262,000 against $62,449,000 a year ago. The increase was attributable to $5.3 million in higher customer water usage, $1.9 million in cumulative rate increases, and $1.2 million in higher revenue from real estate operations and new customers. Operating income was $11,351,000 against $14,110,000 a year ago. Income before income taxes was $6,888,000 against $10,244,000 a year ago. Net income was $4,677,000 against $5,924,000 a year ago. Earnings per diluted share were $0.23 against $0.31 a year ago. The company added $26.5 million in utility plant during the fourth quarter. For the full year, the company reported operating revenue of $276,869,000 against $261,547,000 a year ago. The increase in revenue was attributable to $6.1 million in cumulative rate increases, $5.4 million in higher customer water usage, the net recognition of certain balancing and memorandum accounts of $1.4 million, which management has determined are probable of future recovery or refund and $1.3 million in revenue from new customers. Operating income was $53,407,000 against $55,297,000 a year ago. Income before income taxes was $36,519,000 against $37,860,000 a year ago. Net income was $22,384,000 against $22,318,000 a year ago. Earnings per diluted share were $1.12 against $1.18 a year ago. Total utility plant additions for the year were $94.3 million, including $83 million invested by water utilities and another $11.6 million in developer-funded projects at water utilities.

 

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SJW Competitors

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Company Last Change
American States Water Co $31.71 USD -0.04
Artesian Resources Corp $22.00 USD +0.07
Connecticut Water Service Inc $32.99 USD +0.84
Middlesex Water Co $20.79 USD -0.05
York Water Co $19.59 USD -0.03
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SJW

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Valuation SJW Industry Range
Price/Earnings 25.5x
Price/Sales 2.0x
Price/Book 1.7x
Price/Cash Flow 9.6x
TEV/Sales 0.6x
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