Middlesex Water Co (NASDAQ: MSEX) has reported earnings for its second fiscal quarter (ending June 30) of $0.59 versus $0.56 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $2.07 versus $2.10 for the same period a year ago.
Recent Price Action
On 7/31/24, Middlesex Water Co (NASDAQ: MSEX) stock rose modestly by 0.6%, closing at $66.48. However, this advance was accompanied by normal trading volume at 83% of normal. Relative to the market the stock has been weak over the last nine months but has risen 7.5% 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). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Middlesex Water has a poor Appreciation Score of 26 and a very low Power Rating of 7, producing 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.
Be the first to comment