Artesian Resources Corporation (ARTNA) news stock charts
Artesian Resources Corporation (ARTNA) Investment Summary:
Artesian Resources Corporation, or “Artesian Resources” operates as the parent holding company of Artesian Water Company, Inc., or “Artesian Water,” Artesian Water Pennsylvania, Inc., or “Artesian Water Pennsylvania,” Artesian Water Maryland, Inc, or “Artesian Water Maryland,” Artesian Wastewater Management, Inc., or “Artesian Wastewater,” each a regulated public utility, and two non-regulated subsidiaries; Artesian Utility Development, Inc., or “Artesian Utility,” and Artesian Development Corporation, or “Artesian Development.” The terms "we," "our" and the "Company" as used herein refer to Artesian Resources and its subsidiaries. The business activity conducted by each of our subsidiaries is discussed below under separate headings. The Company has no collective bargaining agreements with any of its employees, and its work force is not union organized or union represented. As of December 31, 2007, we employed 205 full-time and 4 part-time employees. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f12%2f0000863110-08-000006.html#FIS_BUSINESS"www.artesianwater.com
Founded in 1905
ARTESIAN RESOURCES CORP-CL A (ARTNA:NASDAQ)
LAST $18.19 USD
CHANGE TODAY +0.11 0.61%
VOLUME 847.0
As of 1:23 PM 03/15/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of ARTESIAN RESOURCES CORP-CL A (ARTNA)
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OPEN
$18.11
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PREVIOUS CLOSE
$18.08
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DAY HIGH
$18.19
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DAY LOW
$18.01
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52 WEEK HIGH
01/8/10 - $18.85
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52 WEEK LOW
03/16/09 - $13.36
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MARKET CAP
136.0M
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AVERAGE VOLUME 10 D
9.4K
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EPS TTM
$0.97
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SHARES OUTSTANDING
6.6M
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EX-DATE
02/3/10
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P/E TTM
18.8x
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DIVIDEND
$0.75
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DIVIDEND YIELD
4.02%
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| K = Thousands M = Millions B = Billions | ||
Key developments for ARTESIAN RESOURCES CORP-CL A (ARTNA)
Artesian Resources Corp. expected to Report Q1 2010 Results on May 3, 2010. This event was calculated by Capital IQ (Created on March 11, 2010).
03/11/2010
Artesian Resources Corp. expected to Report Q1 2010 Results on May 3, 2010. This event was calculated by Capital IQ (Created on March 11, 2010).
Artesian Resources Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2009
03/10/2010
Artesian Resources Corp. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2009. For the quarter, the company reported operating revenues of $15,505,000, operating income of $3,291,000, income before interest charges of $3,343,000 and net income applicable to common stock of $1,546,000 or $0.20 per diluted share against operating revenues of $14,356,000, operating income of $3,023,000, income before interest charges of $3,148,000 and net income applicable to common stock of $1,297,000 or $0.17 per diluted share for the same period last year. For the year, the company reported operating revenues of $60,912,000, operating income of $13,645,000, income before interest charges of $14,480,000 and net income applicable to common stock of $7,262,000 or $0.97 per diluted share against operating revenues of $56,185,000, operating income of $11,906,000, income before interest charges of $13,031,000 and net income applicable to common stock of $6,418,000 or $0.86 per diluted share for the same period last year. Revenue increase in 2009 was partially due to a 17% increase in non-utility revenue, which climbed to $4.8 million from $4.1 million in 2008. Revenues from water sales also increased as a result of the full-year implementation of a 15% rate increase, which was made permanent in 2009 with the settlement of the Company's rate case in Delaware. Revenue also increased as a result of the addition of more than 1,000 water customers and 100 wastewater customers. However, water revenues increases were partially offset by the record rainfall of 2009, which lowered per customer demand. Most of the gain in non-utility revenues was due to the continued success of the company's Service Line Protection Programs.
Artesian Resources Corp. Names Jennifer L. Finch as Vice President and Assistant Treasurer
02/25/2010
On February 23, 2010, the Board of Directors of Artesian Resources Corp. named Jennifer L. Finch, CPA as Vice President and Assistant Treasurer of the company, effective on the date thereof. Ms. Finch is responsible for the oversight of all aspects of accounting and tax related matters within the company and will be serving as the company's principal accounting officer. Ms. Finch has 20 years of accounting, auditing and tax experience, both in public practice and private industry.
Artesian Resources Corporation financial resources
ARTNA Competitors
| Company | Last | Change |
| Connecticut Water Service Inc | $23.88 USD | -0.1088 |
| Pennichuck Corp | $21.13 USD | +0.12 |
| Purecycle Corp | $2.57 USD | +0.08 |
| Southwest Water Co | $10.44 USD | 0.00 |
| York Water Co | $14.02 USD | 0.00 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | ARTNA | Industry Range |
| Price/Earnings | 18.7x |
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| Price/Sales | 2.2x |
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| Price/Book | 1.5x |
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| Price/Cash Flow | 8.7x |
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| TEV/Sales | -- | Not Meaningful |
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ARTNA |
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ARTNA transactions
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| No transactions in the last 6 months. | ||
More Recent Financial News About Artesian Resources Corporation
Artesian Resources Corporation Reports 2009 Year End Earnings
2010-03-11 08:37:16
Quote: NEWARK, Del., March 10NasdaqARTNANews) Artesian Resources Corporation (Artesian) today announced that revenues for 2009 were $60.9 million, up 8.4% from $56.2 million in 2008. Net income was $7.3 million, compared to $6.4 million last year. Diluted net income per common share for 2009 rose 12.8% to $0.97 from $0.86 in 2008. "We have a clear vision of what we believe is necessary to ensure superior service for our customers while also achieving a fair return for our shareholders," said Dian C. Ta...Read article
A Buyout Victory for Southwest Water
2010-03-04 03:16:34
Quote: These include NJ-based Middlesex Water, Connecticut Water Services, Pennsylvania-based York Water, Delaware-based Artesian Resources, and desalination play Consolidated Water, based in the Cayman Islands. Another, Pennichuckback in December, is currently the subject of a continuing eminent-domain case with the city of Nashua, NH. That case may be decided soon, and could result in another water utility being taken out of the publicly traded market. Despite what seems like a rather mundane industr...Read article
Artesian Water Offers New, Convenient Bill Payment Method
2010-03-03 03:47:32
Quote: Artesian also offers online bill paying as wellas a number of other payment options for customers.About Artesian ResourcesArtesian Resources Corporation operates as the holding company of eightwholly-owned subsidiaries offering water, wastewater and engineeringservices on the Delmarva Peninsula. Artesian Water Company, theprincipal subsidiary, is the oldest and largest investor-owned publicwater utility on the Delmarva Peninsula, and has been providing waterservice since 1905.......Read article
Artesian Water Offers New, Convenient Bill Payment Method
2010-03-02 01:39:51
Quote: Artesian also offers online bill paying as wellas a number of other payment options for customers.About Artesian ResourcesArtesian Resources Corporation operates as the holding company of eightwholly-owned subsidiaries offering water, wastewater and engineeringservices on the Delmarva Peninsula. Artesian Water Company, theprincipal subsidiary, is the oldest and largest investor-owned publicwater utility on the Delmarva Peninsula, and has been providing waterservice since 1905.......Read article
Jennifer Finch Named Vice President and Assistant Treasurer of Artesian Resources Corporation
2010-03-01 03:36:53
Quote: She will be responsible for the oversight of allaspects of accounting and tax-related matters with Artesian Resourcesand will serve as the company’s principal accounting officer.Finch formerly served as Chief Accounting Director for ArtesianResources, a position she has held since joining Artesian in 2008. Shewas named as Chief Financial Officer of Artesian Consulting Engineers,Inc., one of the corporation’s eight wholly owned subsidiaries, in May2009.Before joining Artesian Resour...Read article
Jennifer Finch Named Vice President and Assistant Treasurer of Artesian Resources Corporation
2010-02-26 07:24:21
Quote: She will be responsible for the oversight of allaspects of accounting and tax-related matters with Artesian Resourcesand will serve as the company’s principal accounting officer.Finch formerly served as Chief Accounting Director for ArtesianResources, a position she has held since joining Artesian in 2008. Shewas named as Chief Financial Officer of Artesian Consulting Engineers,Inc., one of the corporation’s eight wholly owned subsidiaries, in May2009.Before joining Artesian Resour...Read article
ARTESIAN RESOURCES CORP Files SEC form 8-K, Change in Directors or Principal Officers
2010-02-26 07:24:21
Quote: Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(c) On February 23, 2010, the Board of Directors of Artesian Resources
Corporation (the "Company") named Jennifer L. Finch, CPA, Vice President and
Assistant Treasurer of the Company, effective on the date thereof. Ms. Finch is
responsible for the oversight of all aspects of accounting and tax related
matters within the Company ...Read article
ARTESIAN RESOURCES CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financia
2010-02-19 03:32:09
Quote: Read article
Artesian To Acquire Port Deposit Water Assets; Increases Capability to Meet Cecil County Growth Needs
2010-02-11 02:13:26
Quote: Read article
Artesian Resources Corporation Declares Common Stock Dividend
2010-02-11 02:13:25
Quote: 14 /PRNewswire-FirstCall/ -- Today the Board of Directors of Artesian Resources Corporation (Nasdaq: ARTNA) declared a regular quarterly dividend on the company's Class A and Class B Common stock. Â The quarterly dividend of $0.1873 per share is payable February 19, 2010 to shareholders of record at the close of business on February 5, 2010. Â This is the 69th consecutive quarterly dividend paid to shareholders. Â About Artesian ResourcesArtesian Resources Corporation operates as the holdi...Read article
ARTESIAN RESOURCES CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financia
2010-01-26 02:49:11
Quote: Read article
Artesian Resources Corporation Declares Common Stock Dividend
2010-01-15 02:58:57
Quote: 14 /PRNewswire-FirstCall/ -- Today the Board of Directors of Artesian Resources Corporation (Nasdaq: ARTNA) declared a regular quarterly dividend on the company's Class A and Class B Common stock. Â The quarterly dividend of $0.1873 per share is payable February 19, 2010 to shareholders of record at the close of business on February 5, 2010. Â This is the 69th consecutive quarterly dividend paid to shareholders. Â About Artesian ResourcesArtesian Resources Corporation operates as the holdi...Read article
Artesian To Acquire Port Deposit Water Assets; Increases Capability to Meet Cecil County Growth Needs
2009-12-03 03:21:35
Quote: Read article
ARTESIAN RESOURCES CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhi
2009-12-03 03:21:35
Quote: ("Artesian Maryland"), a
subsidiary of Artesian Resources Corporation ("Artesian Resources"), signed an
agreement (the "Water Asset Purchase Agreement") to purchase from the Town of
Port Deposit ("Port Deposit" or the "Town") all of Port Deposit's assets used in
providing potable water and water distribution and water meter services (the
"Facilities") to the Town. Port Deposit shall transfer to Artesian Maryland all
of Port Deposit's ri...Read article
Artesian Resources Dedicates Building in Memory of Norman H. Taylor, Jr.
2009-11-27 23:18:10
Quote: Taylor managed Artesian’s facilities, construction andtransportation areas and also served on the Company’s Board of Directors.Family members, colleagues and friends gathered at the facility onOctober 2 to honor and remember Taylor at the building dedicationceremony.“As the newest addition to Artesian, this building is effectively thenerve center of our company,†said Joseph DiNunzio, Executive VicePresident of Artesian Resources. “Given Norman’s paramount ...Read article
Artesian Resources Named "Best in Business"
2009-11-27 23:18:10
Quote: Taylor, Chair, President & CEO of Artesian Resources. “We arededicated to providing the very best possible work environment for ouremployees to enable them to better serve our customers.â€About Artesian ResourcesArtesian Resources Corporation operates as the holding company of eightwholly-owned subsidiaries offering water, wastewater and engineeringservices on the Delmarva Peninsula. Artesian Water Company, theprincipal subsidiary, is the oldest and largest investor-owned publicwater ...Read article
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