Middlesex Water (NASDAQ:MSEX - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Thursday, October 31st. Analysts expect Middlesex Water to post earnings of $0.67 per share for the quarter.
Middlesex Water (NASDAQ:MSEX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.05). Middlesex Water had a return on equity of 8.69% and a net margin of 21.14%. The firm had revenue of $49.15 million for the quarter, compared to analysts' expectations of $47.00 million. 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 Down 2.3 %
NASDAQ:MSEX traded down $1.52 during trading hours on Thursday, hitting $63.44. 47,031 shares of the stock traded hands, compared to its average volume of 136,492. The firm has a 50 day moving average price of $63.68 and a 200 day moving average price of $58.07. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 31.41 and a beta of 0.79. Middlesex Water has a fifty-two week low of $45.42 and a fifty-two week high of $73.47. The company has a current ratio of 0.90, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on MSEX shares. Baird R W downgraded Middlesex Water from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 5th. Robert W. Baird cut shares of Middlesex Water from an "outperform" rating to a "neutral" rating and set a $58.00 price target on the stock. in a report on Monday, August 5th.
Check Out Our Latest Stock Analysis on Middlesex Water
About Middlesex Water
(
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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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