Middlesex Water (MSEX) Projected to Post Quarterly Earnings on Thursday

Middlesex Water (NASDAQ:MSEX - Get Free Report) will likely be issuing its Q1 2025 quarterly earnings data after the market closes on Thursday, May 1st. Analysts expect Middlesex Water to post earnings of $0.50 per share and revenue of $43.79 million for the quarter.

Middlesex Water (NASDAQ:MSEX - Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.13. Middlesex Water had a net margin of 22.53% and a return on equity of 9.58%. The business had revenue of $47.11 million during the quarter, compared to the consensus estimate of $45.00 million. During the same quarter last year, the firm posted $0.32 EPS. On average, analysts expect Middlesex Water to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Middlesex Water Stock Performance

MSEX opened at $62.68 on Thursday. Middlesex Water has a 1-year low of $47.58 and a 1-year high of $70.73. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 1.50 and a beta of 0.80. The company's fifty day moving average price is $59.74 and its two-hundred day moving average price is $58.86. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 0.80.

Middlesex Water Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.34 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.17%. Middlesex Water's dividend payout ratio is presently 55.06%.

Insider Activity at Middlesex Water

In related news, Director Dennis W. Doll sold 4,067 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $60.05, for a total transaction of $244,223.35. Following the completion of the sale, the director now owns 52,112 shares in the company, valued at approximately $3,129,325.60. This trade represents a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.86% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on MSEX shares. Baird R W raised Middlesex Water from a "hold" rating to a "strong-buy" rating in a report on Monday, March 3rd. Robert W. Baird upgraded Middlesex Water from a "neutral" rating to an "outperform" rating and set a $61.00 price target for the company in a report on Monday, March 3rd. StockNews.com upgraded Middlesex Water from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Finally, Janney Montgomery Scott reiterated a "neutral" rating on shares of Middlesex Water in a research note on Friday, April 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Middlesex Water has a consensus rating of "Hold" and an average target price of $58.50.

Middlesex Water Company Profile

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.

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