For its first fiscal quarter (ending March 31), Middlesex Water Co (NASDAQ: MSEX) has reported a 82% increase in E.P.S. from $0.33 a year ago to $0.60 in the current quarter. Relative to the consensus estimate of $0.48, this was a premium of $0.12. For the latest four quarters through March 31, E.P.S. were $2.04 versus $2.04 for the same period a year ago — flat performance.
Recent Price Action
Middlesex Water Co (NASDAQ: MSEX) stock was unchanged 0.0% on 5/8/24. The shares closed at $54.44. NORMAL trading volume accompanied the flat performance. The stock has been extremely weak relative to the market over the last nine months but has risen 7.3% 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 F (Lowest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Middlesex Water has a slightly negative Appreciation Score of 30 and a very low Power Rating of 4, leading to 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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