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

Middlesex Water (NASDAQ:MSEX) is scheduled to release 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) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.05). Middlesex Water had a return on equity of 8.69% and a net margin of 21.14%. The company had revenue of $49.15 million during 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 Performance

Shares of MSEX stock opened at $64.96 on Thursday. The company has a market capitalization of $1.16 billion, a P/E ratio of 32.16 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 debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.90. The stock has a 50 day moving average price of $63.61 and a two-hundred day moving average price of $58.02.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MSEX. Baird R W cut shares of Middlesex Water from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 5th. Robert W. Baird downgraded shares of Middlesex Water from an “outperform” rating to a “neutral” rating and set a $58.00 price objective for the company. in a research note on Monday, August 5th.

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.