MSEX Stock - Middlesex Water Company
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $191.88M | $166.27M | $162.43M | $143.14M | $141.59M |
| Gross Profit | $99.51M | $83.16M | $83.34M | $69.47M | $70.80M |
| Gross Margin | 51.9% | 50.0% | 51.3% | 48.5% | 50.0% |
| Operating Income | $53.21M | $39.22M | $47.33M | $33.21M | $37.42M |
| Net Income | $44.35M | $31.52M | $42.43M | $36.54M | $38.42M |
| Net Margin | 23.1% | 19.0% | 26.1% | 25.5% | 27.1% |
| EPS | $2.48 | $1.77 | $2.40 | $2.08 | $2.19 |
Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in two segments, Regulated and Non-Regulated. The Regulated segment collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers, as well as provides regulated wastewater systems in New Jersey and Delaware. The Non-Regulated segment provides non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. The company was incorporated in 1896 and is headquartered in Iselin, New Jersey.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| April 4th 2025 | Janney | Downgrade | Neutral | - |
| March 3rd 2025 | Robert W. Baird | Upgrade | Outperform | $61 |
| December 11th 2024 | BofA Securities | Initiation | Underperform | $56 |
| August 5th 2024 | Robert W. Baird | Downgrade | Neutral | $58 |
| June 24th 2022 | Janney | Upgrade | Buy | - |
Earnings History & Surprises
MSEXEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 29, 2026 | — | — | — | — |
Q1 2026 | Feb 27, 2026 | $0.47 | — | — | — |
Q4 2025 | Oct 31, 2025 | $0.86 | $0.77 | -10.5% | ✗ MISS |
Q3 2025 | Jul 31, 2025 | $0.68 | $0.60 | -11.8% | ✗ MISS |
Q2 2025 | May 1, 2025 | $0.55 | $0.53 | -3.6% | ✗ MISS |
Q1 2025 | Feb 28, 2025 | $0.36 | $0.49 | +36.1% | ✓ BEAT |
Q4 2024 | Oct 31, 2024 | $0.68 | $0.80 | +17.6% | ✓ BEAT |
Q3 2024 | Jul 31, 2024 | $0.64 | $0.59 | -7.8% | ✗ MISS |
Q2 2024 | May 8, 2024 | $0.47 | $0.59 | +25.5% | ✓ BEAT |
Q1 2024 | Feb 29, 2024 | $0.52 | $0.32 | -38.5% | ✗ MISS |
Q4 2023 | Nov 9, 2023 | $0.87 | $0.56 | -35.6% | ✗ MISS |
Q3 2023 | Jul 28, 2023 | $0.60 | $0.55 | -8.3% | ✗ MISS |
Q2 2023 | May 1, 2023 | $0.47 | $0.33 | -29.8% | ✗ MISS |
Q1 2023 | Feb 24, 2023 | $0.54 | $0.40 | -25.9% | ✗ MISS |
Q4 2022 | Oct 28, 2022 | $0.88 | $0.80 | -9.1% | ✗ MISS |
Q3 2022 | Jul 29, 2022 | $0.71 | $0.50 | -29.6% | ✗ MISS |
Q2 2022 | Apr 29, 2022 | $0.52 | $0.68 | +30.8% | ✓ BEAT |
Q1 2022 | Feb 25, 2022 | $0.52 | $0.41 | -21.2% | ✗ MISS |
Q4 2021 | Oct 29, 2021 | $0.80 | $0.65 | -18.8% | ✗ MISS |
Q3 2021 | Jul 30, 2021 | $0.59 | $0.62 | +5.1% | ✓ BEAT |
Latest News
Freedom Capital Markets Initiates Coverage On Middlesex Water with Hold Rating, Announces Price Target of $52
➖ NeutralMiddlesex Water shares are trading lower after the company reported worse-than-expected Q3 financial results financial results.
📉 NegativeBaird Maintains Outperform on Middlesex Water, Lowers Price Target to $63
➖ NeutralMiddlesex Water Q3 EPS $0.77 Misses $0.92 Estimate, Sales $54.091M Miss $56.083M Estimate
📉 NegativeMiddlesex Water Raises Dividend From $0.34 To $0.36/Share
📈 PositiveFrequently Asked Questions about MSEX
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