Last $31.68 USD
Change Today +0.38 / 1.21%
Volume 23.9K
As of 8:04 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

tejon ranch co (TRC) Snapshot

Open
$31.60
Previous Close
$31.30
Day High
$32.11
Day Low
$31.44
52 Week High
10/29/13 - $38.79
52 Week Low
04/19/13 - $26.01
Market Cap
651.6M
Average Volume 10 Days
32.0K
EPS TTM
$0.20
Shares Outstanding
20.6M
EX-Date
05/4/00
P/E TM
158.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for TEJON RANCH CO (TRC)

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tejon ranch co (TRC) Details

Tejon Ranch Co., through its subsidiaries, operates as a real estate development and agribusiness company. The company operates in four business segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, and Farming. The Commercial/Industrial Real Estate Development segment is engaged in entitling, planning, and permitting of land for the development; construction of infrastructure, pre-leased buildings, and buildings to be leased or sold; and the sale of land to third parties for their own development. It also leases microwave repeater locations, radio and cellular transmitter sites, and fiber optic cable routes; 32 acres of land for an electric power plant; and an office building; and grazing and communications facilities, as well as offers landscape maintenance and game management services. This segment leases land to auto service stations with convenience stores, fast-food operations, full-service restaurants, a motel, an antique shop, and the United States Postal Service facility. The Resort/Residential Real Estate Development segment is involved in land entitlement, land planning and pre-construction engineering, land stewardship, and conservation activities. The Mineral Resources segment provides oil and gas royalty leases, rock and aggregate mining leases, and land lease for manufacturing Portland cement. As of December 31, 2013, this segment had producing oil and gas leases of approximately 7,317 acres. The Farming segment farms various permanent crops, including wine grapes in 1,608 acres; almonds in 1,683 acres; and pistachios in 1,053 acres. This segment also manages farming of alfalfa and forage mix on 775 acres in the Antelope Valley; and periodically leases 810 acres of land for growing vegetables. The company was founded in 1936 and is based in Lebec, California.

144 Employees
Last Reported Date: 03/17/14
Founded in 1936

tejon ranch co (TRC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $438.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $275.0K
Vice President and General Counsel
Total Annual Compensation: $242.1K
Senior Vice President of Real Estate
Total Annual Compensation: $231.8K
Senior Vice President of Agriculture
Total Annual Compensation: $190.6K
Compensation as of Fiscal Year 2013.

tejon ranch co (TRC) Key Developments

Tejon Ranch Co. Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

Tejon Ranch Co. announced unaudited earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, net losses attributable to common stockholders was $826,000 or $0.04 per common share, compared to net income attributable to common stockholders of $27,000 or $0.00 per common share during the fourth quarter of 2012. Total revenue for the fourth quarter of 2013, including investment income and other income, was $13,216,000, compared to $13,904,000 of revenue during the same period of 2012. The decline in revenue during the fourth quarter of 2013, when compared to the same period in 2012, is due to $593,000 in lower oil royalty revenues as described above and to $375,000 in reduced farming revenues due to the timing of sales of crops and to lower pistachio and wine grape production. Loss from operations before income tax was $499,000 against income from operations before income tax of $1,250,000 a year ago. Revenue from operations was $12,975,000 compared to $13,547,000 of revenue during the same period of 2012. Income from operating segments was $3,413,000 against $3,851,000 a year. For the year, the company reported net income attributable to common stockholders of $4,165,000 or $0.21 per common share, compared to $4,441,000 or $0.22 per common share, for the same period in 2012. Revenue from operations was $45,338,000 compared to $47,089,000 of revenue for the same period during 2012. Income from operations before income tax was $6,189,000 against $7,006,000 a year ago. Income from operating segments was $13,817,000 against $16,400,000 a year ago.

Tejon Ranch Co. Announces Executive Changes

Tejon Ranch Co. announced that Gregory S. Bielli will officially become President and Chief Executive Officer of the company, Effective December 17, 2013, replacing Robert A. Stine, former President and Chief Executive Officer, who is retiring at the end of the year. Mr. Bielli was elected to be Chief Executive Officer at the company’s December 12, 2013 Board Meeting. Mr. Bielli was previously the company’s President and Chief Operating Officer. Mr. Bielli joined the company on September 16, 2013. Mr. Stine will continue to be involved with the company as a Director of the company. Mr. Bielli has nearly 25 years of experience in real estate, land acquisitions, development and financing. He comes to the company from Newland Communities.

Tejon Ranch Co. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

Tejon Ranch Co. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the third quarter ended September 30, 2013, the company had net income attributable to common stockholders of $2,292,000, or $0.11 per common share, compared to net income attributable to common stockholders of $4,021,000, or $0.20 per common share, for the third quarter of 2012. Revenue from operations for the third quarter of 2013 was $15,128,000 compared to $16,114,000 of revenue during the same period of 2012. Operating income was $1,745,000 against $4,002,000 a year ago. Income before income tax expense was $3,222,000 against $5,477,000 a year ago. For the nine months ended September 30, 2013, the company reported net income attributable to common stockholders of $4,991,000, or $0.25 per common share, compared to net income attributable to common stockholders of $4,414,000, or $0.22 per common share, for the same period in 2012. Revenue from operations for the nine months ended September 30, 2013 was $32,363,000, compared to $33,542,000 of revenue for the same period during 2012. Operating income was $3,002,000 against $3,112,000 a year ago. Income before income tax expense was $6,688,000 against $5,756,000 a year ago.

 

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Industry Analysis

TRC

Industry Average

Valuation TRC Industry Range
Price/Earnings 100.0x
Price/Sales 14.3x
Price/Book 2.3x
Price/Cash Flow 154.6x
TEV/Sales 11.8x
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