MIDDLESEX WATER CO logo

MSEX

MIDDLESEX WATER CO

$91.78

Earnings Summary

Revenue
$36.2Mn
Net Profits
$12.1Mn
Net Profit Margins
33.43%

Highlights

Revenue:

MIDDLESEX WATER CO’s revenue jumped 11.23% since last year same period to $36.2Mn in the Q1 2022. On a quarterly growth basis, MIDDLESEX WATER CO has generated 6.38% jump in its revenue since last 3-months.

Net Profits:

MIDDLESEX WATER CO’s net profit jumped 75.18% since last year same period to $12.1Mn in the Q1 2022. On a quarterly growth basis, MIDDLESEX WATER CO has generated 67.2% jump in its net profits since last 3-months.

Net Profit Margins:

MIDDLESEX WATER CO’s net profit margin jumped 57.49% since last year same period to 33.43% in the Q1 2022. On a quarterly growth basis, MIDDLESEX WATER CO has generated 57.17% jump in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the MIDDLESEX WATER CO post its latest quarter earnings

EPS Estimate Current Quarter
0.57
EPS Estimate Current Year
0.57

Highlights

EPS Estimate Current Quarter:

MIDDLESEX WATER CO’s earning per share (EPS) estimates for the current quarter stand at 0.57 - a -33.14% fall from last quarter’s estimates.

EPS Estimate Current Year:

MIDDLESEX WATER CO’s earning per share (EPS) estimates for the current year stand at 0.57.

Key Ratios

Key ratios of the MIDDLESEX WATER CO post its Q2 2022 earnings

Earning Per Share (EPS)
0.5
Return on Assets (ROA)
0.03
Return on Equity (ROE)
0.11
Dividend Per Share (DPS)
0.29

Highlights

Earning Per Share (EPS):

MIDDLESEX WATER CO’s earning per share (EPS) fell -19.35% since last year same period to 0.5 in the Q2 2022. This indicates that the MIDDLESEX WATER CO has generated -19.35% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. MIDDLESEX WATER CO’s return on assets (ROA) stands at 0.03.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. MIDDLESEX WATER CO’s return on equity (ROE) stands at 0.11.

Dividend Per Share (DPS):

MIDDLESEX WATER CO declared 0.29 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-07-29
0.71
0.5
-29.08%
2022-04-29
0.52
0.68
30.77%

Company Information

Established in 1897, Middlesex Water Company serves as a trusted provider offering life-sustaining high quality water service for residential, commercial, industrial and fire protection purposes. The Company offers a full range of water, wastewater utility and related services. An investor-owned public utility, Middlesex Water is a professional services provider specializing in municipal and industrial contract operations and water and wastewater system technical operations and maintenance. The company and its subsidiaries form the Middlesex Water family of companies, which collectively serve a population of nearly half a million people in New Jersey and Delaware. Named a 2020 Top Workplace in New Jersey and a 2020 Superstar in Business in Delaware, Middlesex is diligently focused on meeting and balancing the needs of its employees, customers, and shareholders. The company invests in its people, its infrastructure and the communities it serves to support reliable and resilient utility services, economic growth and quality of life.

Organisation
MIDDLESEX WATER CO
Headquarters
485C Route 1 South, Iselin, NJ, United States, 08830
Employees
347
Industry
Utilities

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