For its third fiscal quarter (ending September 30), Middlesex Water Co (NASDAQ: MSEX) has reported a 43% increase in E.P.S. from $0.56 a year ago to $0.80 in the current quarter. E.P.S. were $2.31 for the latest four quarters through September 30 versus $1.85 for the same period a year ago — an increase of 25%.
Recent Price Action
On 10/31/24, Middlesex Water Co (NASDAQ: MSEX) stock declined by -2.1%, closing at $61.19. NORMAL trading volume accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -5.8% during the last week.
Current PriceTarget Research Rating
MSEX’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Middlesex Water has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Middlesex Water has a poor Appreciation Score of 30 but a good Power Rating of 81, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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