Middlesex Water Company (MSEX) to Release Quarterly Earnings on Monday
Middlesex Water Company (NASDAQ:MSEX) is scheduled to be announcing its earnings results on Monday, October 30th. Analysts expect the company to announce earnings of $0.55 per share for the quarter.
Middlesex Water (NASDAQ:MSEX) last announced its quarterly earnings results on Tuesday, August 1st. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.05). The firm had revenue of $33.01 million during the quarter, compared to the consensus estimate of $34.00 million. Middlesex Water had a return on equity of 9.95% and a net margin of 16.46%. On average, analysts expect Middlesex Water to post $1.48 EPS for the current fiscal year and $1.61 EPS for the next fiscal year.
Middlesex Water Company (MSEX) opened at 45.01 on Monday. Middlesex Water Company has a one year low of $32.23 and a one year high of $46.39. The company has a market cap of $735.33 million, a price-to-earnings ratio of 33.97 and a beta of 0.41. The firm has a 50-day moving average price of $40.91 and a 200 day moving average price of $38.67.
In other Middlesex Water news, President Gerard L. Esposito sold 1,700 shares of Middlesex Water stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $42.89, for a total transaction of $72,913.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.48% of the company’s stock.
A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Middlesex Water from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Janney Montgomery Scott reaffirmed a “buy” rating and set a $44.00 price objective on shares of Middlesex Water in a research report on Wednesday, October 4th. ValuEngine raised Middlesex Water from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, BidaskClub cut Middlesex Water from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th.
About Middlesex Water
Middlesex Water Company is a water utility company. The Company owns and operates regulated water utility and wastewater systems in New Jersey, Delaware and Pennsylvania. The Company also operates water and wastewater systems under contract on behalf of municipal and private clients in New Jersey and Delaware.
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