Last $28.20 USD
Change Today +0.06 / 0.21%
Volume 27.9K
As of 8:04 PM 11/20/14 All times are local (Market data is delayed by at least 15 minutes).

tejon ranch co (TRC) Snapshot

Open
$28.05
Previous Close
$28.14
Day High
$28.28
Day Low
$28.05
52 Week High
12/30/13 - $38.13
52 Week Low
10/27/14 - $27.92
Market Cap
582.0M
Average Volume 10 Days
30.0K
EPS TTM
$0.13
Shares Outstanding
20.6M
EX-Date
05/4/00
P/E TM
216.9x
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 Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Tejon Ranch Co. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the third quarter, the company had net income attributable to common stockholders of $1,752,000, or $0.08 per common share, compared to net income attributable to common stockholders of $2,292,000, or $0.11 per common share, for the third quarter of 2013. Revenue from operations for the third quarter of 2014 was $13,852,000 compared to $15,128,000 of revenue during the same period of 2013. Revenue declined $1,276,000, or 8%, due primarily to lower farming revenue and reduced commercial/industrial revenues. The primary drivers of the $540,000, or 24%, decline in net income attributable to common stockholders for the quarter, as compared to the same period of 2013, is the decline in revenue and an increase in operating expense coming from higher stock compensation costs and higher water contract amortization costs. Operating income was $387,000 against $1,745,000 a year ago. Income before income tax expense was $2,298,000 against $3,222,000 a year ago. Overall, net operating income declined $1,632,000, or 54%, compared to the same period in 2013 as a result of the net increase in operating expense. For the nine months ended September 30, 2014, the company reported net income attributable to common stockholders of $3,739,000, or $0.18 per common share, compared to net income attributable to common stockholders of $4,991,000, or $0.25 per common share, for the same period in 2013. Revenue from operations for the nine months ended September 30, 2014 was $36,708,000, compared to $32,363,000 of revenue for the same period during 2013. All per share references in this release are presented on a fully diluted basis. Total operating revenue increased $4,345,000, or 13%, during the first nine months of 2014, as compared to the same period in 2013, largely due to improved mineral resources revenues that were partially offset by reduced farming revenues and commercial/industrial revenues. Operating income was $1,370,000 against $3,002,000 a year ago. Income before income tax expense was $5,297,000 against $6,688,000 a year ago.

Tejon Ranch Co., Board Meeting, Sep 11, 2014

Tejon Ranch Co., Board Meeting, Sep 11, 2014. Agenda: To elect three new directors.

Tejon Ranch Co. Announces Board Changes

Tejon Ranch Co. announced that its Board elected Robert A. Alter, Steven A. Betts, and Frederick C. Tuomi as new Directors of the company to address the retirement of two of its long-serving members. The three new Directors were elected at a September 11, 2014 meeting of the Board. Robert Alter, President, Seaview Investors, LLC. Mr. Alter is Chairman Emeritus and Founder of Sunstone Hotel Investors. Steven A. Betts, President, Chanen Development Company. More recently, he served as the Chief Executive Officer of PhoenixMart. Frederick Tuomi, Chief Operating Officer, Colony American Homes Inc. Mr. Tuomi is responsible for the company's operations including construction, renovation, marketing, leasing, property management, asset management, human resources, and information technology. Mr. Tuomi most recently served as Executive Vice President and President, Property Management for Equity Residential. At the Board meeting, Chairman Snyder announced his plans to retire at the end of the year.

 

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Industry Analysis

TRC

Industry Average

Valuation TRC Industry Range
Price/Earnings 100.0x
Price/Sales 11.9x
Price/Book 2.1x
Price/Cash Flow 203.8x
TEV/Sales 8.4x
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