Middlesex Water (MSEX) to Release Earnings on Thursday

Middlesex Water (NASDAQ:MSEX - Get Free Report) is projected to announce its Q2 2025 earnings results after the market closes on Thursday, July 31st. Analysts expect the company to announce earnings of $0.70 per share and revenue of $52.60 million for the quarter.

Middlesex Water (NASDAQ:MSEX - Get Free Report) last announced its earnings results on Thursday, May 1st. The utilities provider reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.02). The company had revenue of $44.30 million for the quarter, compared to analysts' expectations of $43.79 million. Middlesex Water had a net margin of 22.05% and a return on equity of 9.76%. 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 traded down $0.45 during mid-day trading on Friday, reaching $52.10. 165,045 shares of the company traded hands, compared to its average volume of 165,830. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $933.63 million, a P/E ratio of 21.62, a P/E/G ratio of 3.59 and a beta of 0.78. Middlesex Water has a 52-week low of $48.18 and a 52-week high of $70.73. The company's fifty day moving average price is $55.89 and its 200-day moving average price is $56.68.

Middlesex Water Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a $0.34 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.36 annualized dividend and a dividend yield of 2.61%. Middlesex Water's dividend payout ratio (DPR) is 56.43%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MSEX shares. Janney Montgomery Scott raised shares of Middlesex Water from a "neutral" rating to a "buy" rating and set a $66.00 target price for the company in a report on Monday, May 12th. Wall Street Zen lowered Middlesex Water from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Middlesex Water currently has an average rating of "Hold" and a consensus price target of $61.00.

Institutional Trading of Middlesex Water

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Middlesex Water by 8.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,921 shares of the utilities provider's stock worth $892,000 after purchasing an additional 1,058 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Middlesex Water by 4.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 59,222 shares of the utilities provider's stock worth $3,796,000 after acquiring an additional 2,349 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Middlesex Water by 23.7% during the first quarter. Goldman Sachs Group Inc. now owns 190,574 shares of the utilities provider's stock worth $12,216,000 after acquiring an additional 36,540 shares during the period. 79.52% of the stock is owned by hedge funds and other institutional investors.

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.