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

Middlesex Water (NASDAQ:MSEX - Get Free Report) is expected to be releasing its Q1 2025 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 issued its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.13. Middlesex Water had a net margin of 22.53% and a return on equity of 9.58%. The company had revenue of $47.11 million for the quarter, compared to the consensus estimate of $45.00 million. During the same period in the previous year, the firm earned $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

NASDAQ MSEX traded up $0.72 during trading hours on Tuesday, reaching $62.17. 7,074 shares of the company were exchanged, compared to its average volume of 131,138. The business's 50 day simple moving average is $60.39 and its 200-day simple moving average is $58.78. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 0.80. Middlesex Water has a 1 year low of $48.18 and a 1 year high of $70.73. The stock has a market capitalization of $1.11 billion, a P/E ratio of 27.11, a P/E/G ratio of 1.50 and a beta of 0.80.

Middlesex Water Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.36 annualized dividend and a dividend yield of 2.19%. Middlesex Water's payout ratio is presently 55.06%.

Insider Buying and Selling

In other news, Director Dennis W. Doll sold 4,067 shares of Middlesex Water stock in a transaction dated Friday, March 21st. The stock was 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.86% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.