Middlesex Water (NASDAQ:MSEX) posted its quarterly earnings results on Friday. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.01), Bloomberg Earnings reports. Middlesex Water had a net margin of 15.77% and a return on equity of 9.32%. The firm had revenue of $31.46 million for the quarter, compared to analysts’ expectations of $34.00 million.
Shares of Middlesex Water (NASDAQ:MSEX) traded up $0.51 on Friday, hitting $36.62. The company’s stock had a trading volume of 30,357 shares, compared to its average volume of 51,664. The firm has a market capitalization of $590.26, a PE ratio of 29.30 and a beta of 0.45. Middlesex Water has a 12 month low of $32.23 and a 12 month high of $46.74. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.51.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th were paid a dividend of $0.2238 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Wednesday, February 14th. Middlesex Water’s dividend payout ratio is presently 71.20%.
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About Middlesex Water
Middlesex Water Company is a water utility company. The Company owns and operates regulated water utility and wastewater systems in New Jersey, Delaware and Pennsylvania. The Company also operates water and wastewater systems under contract on behalf of municipal and private clients in New Jersey and Delaware.
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