Middlesex Water (MSEX) to Release Quarterly Earnings on Friday

Middlesex Water (NASDAQ:MSEX - Get Free Report) is projected to post its quarterly earnings results after the market closes on Friday, February 28th. Analysts expect Middlesex Water to post earnings of $0.36 per share and revenue of $45.00 million for the quarter.

Middlesex Water Stock Performance

Shares of MSEX stock traded up $0.23 during mid-day trading on Friday, hitting $50.96. 67,985 shares of the stock were exchanged, compared to its average volume of 103,405. The stock's fifty day simple moving average is $51.70 and its two-hundred day simple moving average is $59.65. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.57 and a current ratio of 0.65. Middlesex Water has a 12-month low of $45.42 and a 12-month high of $70.73. The stock has a market capitalization of $909.64 million, a price-to-earnings ratio of 22.16, a P/E/G ratio of 1.50 and a beta of 0.85.

Middlesex Water Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Tuesday, February 18th. Middlesex Water's dividend payout ratio (DPR) is 59.13%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Bank of America initiated coverage on shares of Middlesex Water in a research report on Wednesday, December 11th. They set an "underperform" rating and a $56.00 price objective on the stock. Robert W. Baird boosted their price target on Middlesex Water from $58.00 to $61.00 and gave the company a "neutral" rating in a research report on Friday, November 1st.

About Middlesex Water

Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in Regulated and Non-Regulated segments. The Regulated segment collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers, as well as provides regulated wastewater systems in New Jersey and Delaware.