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Texas Pacific Land Corp: 2 directors

A director at Texas Pacific Land Corp bought 12 shares at 1,376.900USD and the significance rating of the trade was 50/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two year...

 PRESS RELEASE

Tejon Ranch Co. Announces Third Quarter 2024 Financial Results

Tejon Ranch Co. Announces Third Quarter 2024 Financial Results TEJON RANCH, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Co., or the Company, (NYSE:TRC), a diversified real estate development and agribusiness company, today announced financial results for the three and nine-months ended September 30, 2024. “In the third quarter of 2024, we continued the momentum in key areas of the company's real estate portfolio. The company continues to make progress toward the opening of our first multi-family apartment community, Terra Vista at Tejon, during the first half of 2025. The...

 PRESS RELEASE

Tejon Ranch Co. Announces Addition of Four Board Members

Tejon Ranch Co. Announces Addition of Four Board Members Election of Denise Gammon, Kenneth Yee, Jeff McCall and Eric Speron Continues Company’s Enhancement of the Board’s Expertise in Financial Analytics, Experience with Master Planned Developments and Advances Company’s Commitment to Diversity TEJON RANCH, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) --  Tejon Ranch Co. (TRC: NYSE) is pleased to announce the election of four seasoned professionals to its Board of Directors – Denise Gammon, Kenneth Yee, Jeff McCall and Eric Speron. These new additions were elected by the Board of Directors t...

 PRESS RELEASE

Tejon Ranch Company and Dedeaux Properties Announce Joint Venture to D...

Tejon Ranch Company and Dedeaux Properties Announce Joint Venture to Develop Industrial Warehouse at the Tejon Ranch Commerce Center TEJON RANCH, Calif., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Company (NYSE: TRC) announced today that it has signed a joint venture agreement with Dedeaux Properties to develop and lease an approximately 510,500-square-foot, state-of-the-art industrial warehouse at the Tejon Ranch Commerce Center (TRCC). Located at the intersection of Interstate 5 and Highway 99, TRCC is a mixed-use master planned community that operates as an important logistics hub s...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

 PRESS RELEASE

Tejon Ranch Co. Names New Senior Vice President- Corporate Communicati...

Tejon Ranch Co. Names New Senior Vice President- Corporate Communications and Public Affairs TEJON RANCH, Calif., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE: TRC) announced today that Nicholas (Nick) T. Ortiz will join the company as Senior Vice President, Corporate Communications and Public Affairs. In his position Ortiz will oversee the company’s communications, brand image, government affairs key stakeholder engagement activities, and will coordinate with our investor relations team; all in service of the Company’s long-term, growth-oriented goals for the company sharehol...

 PRESS RELEASE

Tejon Ranch Co. Announces Second Quarter 2024 Financial Results

Tejon Ranch Co. Announces Second Quarter 2024 Financial Results TEJON RANCH, Calif., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Co., or the Company, (NYSE:TRC), a diversified real estate development and agribusiness company, today announced financial results for the three and six-months ended June 30, 2024. "In the second quarter 2024, we continued our strategic efforts to unlock the value of our entitled land assets and grow our diversified cash flow streams for the Company. Terra Vista at Tejon, our first multi-family apartment community located in our Tejon Ranch Commerce Cen...

Brian Gordon ... (+2)
  • Brian Gordon
  • Budd Bugatch

Updating FY25 and FY26 EPS and Revenue Estimates

Herein, we refresh our estimates and economic model for MillerKnoll after its release and conference call for 4QFY24, which ended May 2024. As noted in our earlier earnings analysis note dated June 27, 2024, management delivered strong margins, enabling it to beat estimates with the report. The margin performance benefited from cost discipline and sustained pricing benefits. We now project 1QFY25 consolidated sales of $886 million and non-GAAP diluted EPS of $0.39. Similarly, we have reduced ...

Brian Gordon ... (+2)
  • Brian Gordon
  • Budd Bugatch

4QFY24 Adjusted EPS of $0.67 Tops WTR Estimate of $0.55 on Strong Marg...

EPS topped our estimate and consensus on margin strength. MillerKnoll posted 4QFY24 EPS of $0.67 versus $0.40 in 4QFY23 on continued margin strength even as the macro environment remains challenging. Adjusted EPS beat consensus of $0.54 and our estimate of $0.55. Better pricing, cost discipline, and operational efficiencies drove margin growth in all three reporting segments despite negative revenue comparisons in Americas Contract (AC) and Global Retail (GR). The consolidated revenue decline ob...

 PRESS RELEASE

Tejon Ranch Co. Announces First Quarter 2024 Financial Results

Tejon Ranch Co. Announces First Quarter 2024 Financial Results TEJON RANCH, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Co., or the Company, (NYSE:TRC), a diversified real estate development and agribusiness company, today announced financial results for the three-months ended March 31, 2024. "During the first quarter of 2024, the Company continued its strategic focus on unlocking the value of our unique land assets, including commencement of construction of our first residential community, Terra Vista at Tejon, a new multi-family apartment community located immediately adja...

Budd Bugatch
  • Budd Bugatch

3QFY24 EPS Beats; Revenue Misses; Near-Term Expectations Moderated

As noted earlier, MillerKnoll’s 3QFY24 EPS beat expectations but revenue missed widely. 4QFY24 guidance was also below pre-report estimates. With the misses, the stock gapped down by the mid-teens (~$5.00), closing at $24.76, thereby truncating and halting its recent rebound. Y/Y revenue comparisons were negative in all three segments: Americas Contract (AC) at -9% to $441 million, International Contract & Specialty (IC&S) at -10.4% to $217 million, and Global Retail (GR) at -17% to $214 million...

Budd Bugatch ... (+2)
  • Budd Bugatch
  • Rex Henderson

3QFY24 Earnings: Expense Control Drives EPS Beat as Revenue Falls Shor...

MillerKnoll reported 3QFY24 non-GAAP (adjusted) EPS of $0.45, beating our $0.43 estimate and consensus of $0.44. Consolidated sales were $872 million, missing our $908 million estimate by $36 million and likewise missing consensus by ~$37 million. Gross margin helped the Y/Y comparison, rising 455 bps versus 3QFY23. Operating expenses drove the EPS beat and were nearly 100 bps lower than our forecast. Expense control, including “targeted reductions in management workforce” and margin expansion d...

 PRESS RELEASE

Tejon Ranch President and CEO Announces Retirement Date

Tejon Ranch President and CEO Announces Retirement Date TEJON RANCH, Calif., March 20, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (TRC-NYSE). Today, Mr. Gregory Bielli, President, and Chief Executive Officer (CEO) of Tejon Ranch Co., announced his intent to retire on December 31, 2024. Mr. Bielli has been President and CEO of Tejon Ranch Co. for over 10 years, since 2013. Mr. Bielli joined the company to create an integrated real estate company that now includes planning, entitlements, construction, sales and leasing of all classes of real estate assets and growing its non-real estate platf...

 PRESS RELEASE

Tejon Ranch Co. Announces Fourth Quarter and Year-Ended December 31, 2...

Tejon Ranch Co. Announces Fourth Quarter and Year-Ended December 31, 2023 Financial Results TEJON RANCH, Calif., March 06, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Co., or the Company, (NYSE:TRC), a diversified real estate development and agribusiness company, today announced financial results for the fourth quarter and year-ended December 31, 2023. "In 2023, we established an important foundation for future growth with the closing of a new $160 million unsecured revolving credit facility with AgWest Farm Credit, based on the Company's deep agricultural heritage and ongoing ranching ...

 PRESS RELEASE

Veteran Real Estate Professional to Head Tejon Ranch’s First Residenti...

Veteran Real Estate Professional to Head Tejon Ranch’s First Residential Multi-Family Community, Terra Vista at Tejon TEJON RANCH, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (TRC: NYSE) announced today the hiring of Chris Wilson as Vice President of Real Estate. Wilson will oversee the construction, lease-up and operations of the Terra Vista at Tejon apartment community. He brings over 23 years of experience in construction management and senior project management including the successful delivery of several quality multifamily projects in California. Wilson also brings str...

 PRESS RELEASE

Nestlé Joins Growing List of National and Multinational Companies Oper...

Nestlé Joins Growing List of National and Multinational Companies Operating at the Tejon Ranch Commerce Center The Tejon Ranch Commerce Center continues its rapid growth as construction begins on a new distribution facility for the world’s largest food and beverage company TEJON RANCH, Calif., Jan. 23, 2024 (GLOBE NEWSWIRE) -- . (NYSE: TRC) announced today that construction is underway on a new distribution center for , (Nestlé) the world’s largest food and beverage company with a robust U.S. footprint. The new multi-story building, which will be more than 700,000 square feet, will be l...

 PRESS RELEASE

Tejon Ranch Company to Start Construction on Its First Residential Mul...

Tejon Ranch Company to Start Construction on Its First Residential Multi-Family Community, Terra Vista at Tejon TEJON RANCH, Calif., Jan. 09, 2024 (GLOBE NEWSWIRE) --   (TRC: NYSE) announced today it is taking the next step in its evolution as a real estate development company by moving forward with the development of residential communities on the Ranch, providing much-needed new housing for the region. The Company will begin construction to start the new year on Terra Vista at Tejon, a new multi-family apartment community located immediately adjacent to the  in the Company’s  (TRCC). T...

Budd Bugatch ... (+2)
  • Budd Bugatch
  • Rex Henderson

Raising 3Q Estimate; Seeing Strength in Retail

Following a strong margin performance in 2Q, we are raising our 3QFY24 EPS estimate to $0.43, just below the midpoint of guidance, from $0.38. The increase is the result of higher margin assumptions on a lower revenue forecast. We are also reviewing and lowering our revenue assumptions for the remainder of FY24 and FY25. Results showed new orders in the contract/commercial businesses below our prior assumptions, and we have reduced those expectations going forward. Results in the Retail segment...

Budd Bugatch ... (+2)
  • Budd Bugatch
  • Rex Henderson

2QFY24 Results Deliver Strong Margins; Orders Challenged

After market close on December 20, MillerKnoll reported 2QFY24 adjusted EPS of $0.59, ahead of our estimate of $0.55 and the consensus mean of $0.54. Margins were better than expected, while revenue of $949.5 million came in at the low end of guidance. Sales in the Americas segment disappointed relative to our expectations. Orders in the Americas fell 7.7% versus last year (-10.1% organically) and were sequentially lower. Management reported that the order trend turned positive in November. The ...

Budd Bugatch ... (+2)
  • Budd Bugatch
  • Rex Henderson

2QFY24 Earnings After Close

MillerKnoll reports 2QFY24 earnings after market close on Wednesday, December 20, and will host its management conference call at 5:00 pm ET. WTR is modeling EPS of $0.55, the midpoint of guidance, on revenue of $987 million. Consensus is $0.54, with an estimate range of $0.52-0.56. As has been the case for this sector over the past year, our focus will be on: Order trends. We are modeling orders in the Americas at +13.9% versus a poor year-ago quarter of -17.3%. In International, we estimate +1...

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