Last $21.67 USD
Change Today -0.18 / -0.82%
Volume 18.4K
ARTNA On Other Exchanges
Symbol
Exchange
NASDAQ GS
OTC US
As of 8:10 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

artesian resources corp-cl a (ARTNA) Snapshot

Open
$21.84
Previous Close
$21.85
Day High
$21.95
Day Low
$21.51
52 Week High
07/26/13 - $23.99
52 Week Low
05/20/14 - $21.03
Market Cap
192.9M
Average Volume 10 Days
17.7K
EPS TTM
$1.03
Shares Outstanding
8.0M
EX-Date
05/8/14
P/E TM
21.1x
Dividend
$0.85
Dividend Yield
3.85%
Current Stock Chart for ARTESIAN RESOURCES CORP-CL A (ARTNA)

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artesian resources corp-cl a (ARTNA) Details

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services on the Delmarva Peninsula. It distributes and sells water to residential, commercial, industrial, municipal, and utility customers in the states of Delaware, Maryland, and Pennsylvania. The company also offers water for public and private fire protection to customers in its service territories. In addition, it provides contract water and wastewater services, water and sewer service line protection plans, and wastewater management services, as well as design, construction, and engineering services. As of December 31, 2013, the company served approximately 79,700 metered water customers through 1,182 miles of transmission and distribution mains. Artesian Resources Corporation was founded in 1905 and is headquartered in Newark, Delaware.

237 Employees
Last Reported Date: 03/14/14
Founded in 1905

artesian resources corp-cl a (ARTNA) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $410.7K
Chief Financial Officer, Vice President, Trea...
Total Annual Compensation: $249.8K
Senior Vice President of Operations
Total Annual Compensation: $269.6K
Executive Vice President, Corporate Secretary...
Total Annual Compensation: $284.8K
Senior Vice President and Director
Total Annual Compensation: $211.3K
Compensation as of Fiscal Year 2013.

artesian resources corp-cl a (ARTNA) Key Developments

Artesian Resources Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Artesian Resources Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. Revenues for the first quarter of 2014 were $16.9 million, a 3.5% increase from the $16.3 million in revenues recorded for the same three-month period of 2013. Water sales revenue increased $0.5 million, or 3.5%, to $15.1 million for the first quarter of 2014, compared to $14.6 million for the same period in 2013. The increase was primarily from greater water consumption and revenue received from a Distribution System Improvement Charge (DSIC), which went into effect on January 1, 2014 at a rate of 3.32%. Net income for the first quarter of 2014 was $2.1 million, a $0.5 million increase compared to $1.6 million in net income recorded during the first quarter of 2013. Diluted net income per share increased to $0.23 compared to basic and diluted share of $0.19 for the first quarter of 2013. Operating income was $3,146,000 against $2,738,000 for the same period in the last year. Income before interest charges was $3,819,000 against $3,387,000 for the same period in the last year.

Artesian Resources Corporation Approves Quarterly Common Stock Dividend, Payable on May 23, 2014

Artesian Resources Corporation announced that its board of directors has approved a 1.5% increase in the company's Class A and Class B Common Stock dividend, raising the annual dividend to $0.8476 per share. The quarterly dividend of $0.2119 is payable on May 23, 2014 to shareholders of record at the close of business on May 12, 2014.

Artesian Resources Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Artesian Resources Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported operating revenues of $16,893,000 against $16,952,000 for the same period in the last year. Lower water sales revenue as a result of a wet spring and summer drove the decline in revenues. Operating Income was $3,277,000 against $3,479,000 for the same period in the last year. Income before interest charges was $3,311,000 against $3,514,000 for the same period in the last year. Net income was $1,547,000 or $0.17 per diluted share against $1,748,000 or $0.20 per diluted share for the same period in the last year. Increased legal costs of $0.5 million associated with the litigation against the Chester Water Authority also contributed to the decline in net income and earnings per share. For the year, the company reported operating revenues of $69,073,000 against $70,563,000 for the same period in the last year. Operating Income was $14,484,000 against $15,855,000 for the same period in the last year. Income before interest charges was $15,356,000 against $16,891,000 for the same period in the last year. Net income was $8,301,000 or $0.94 per diluted share against $9,846,000 or $1.13 per diluted share for the same period in the last year.

 

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ARTNA Competitors

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Industry Analysis

ARTNA

Industry Average

Valuation ARTNA Industry Range
Price/Earnings 22.1x
Price/Sales 2.8x
Price/Book 1.6x
Price/Cash Flow 10.2x
TEV/Sales 0.8x
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