Alert: New Earnings Report (11/9/23)-Middlesex Water Co (NASDAQ: MSEX).


Middlesex Water Co (NASDAQ: MSEX) has reported E.P.S. of $0.56 for its third fiscal quarter (ending September 30) versus $0.81 for the same period a year ago — a decline of -31%. This result fell short of the consensus estimate of $0.87 by $-0.31. For the latest four quarters through September 30, E.P.S. were $1.85 compared to $2.42 a year ago — a decline of -24%.


Recent Price Action

On 11/9/23, Middlesex Water Co (NASDAQ: MSEX) stock declined slightly by -0.2%, closing at $63.33. The stock has performed in line with the market over the last nine months and has declined -1.0% during the last week.

Current PriceTarget Research Rating

MSEX is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Middlesex Water has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Middlesex Water has a slightly negative Power Rating of 40 and a poor Appreciation Score of 19, triggering the Lowest Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.

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