Middlesex Water Company
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- Market Cap.:
- $1.28 billion
- Book Value:
- Revenue TTM:
- $167.51 million
- Operating Margin TTM:
- Gross Profit TTM:
- $83.34 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Middlesex Water Company had its IPO on 1990-03-26 under the ticker symbol MSEX.
The company operates in the Utilities sector and Utilities-Regulated Water industry. Middlesex Water Company has a staff strength of 350 employees.
Shares of Middlesex Water Company opened at $72.55 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $71.28 - $72.68, and closed at $71.89.
This is a -0.7% slip from the previous day's closing price.
A total volume of 74,017 shares were traded at the close of the day’s session.
In the last one week, shares of Middlesex Water Company have slipped by -2.6%.
Middlesex Water Company's Key Ratios
Middlesex Water Company has a market cap of $1.28 billion, indicating a price to book ratio of 4.0282 and a price to sales ratio of 9.8557.
In the last 12-months Middlesex Water Company’s revenue was $167.51 million with a gross profit of $83.34 million and an EBITDA of $75.08 million. The EBITDA ratio measures Middlesex Water Company's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Middlesex Water Company’s operating margin was 27.73% while its return on assets stood at 2.68% with a return of equity of 9.29%.
In Q2, Middlesex Water Company’s quarterly earnings growth was a positive 10.9% while revenue growth was a positive 7.9%.
Middlesex Water Company’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $2.09 per share while it has a forward price to earnings multiple of 38.1679 and a PEG multiple of 10.95. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Middlesex Water Company’s profitability.
Middlesex Water Company stock is trading at a EV to sales ratio of 12.4076 and a EV to EBITDA ratio of 23.7892. Its price to sales ratio in the trailing 12-months stood at 9.8557.
Middlesex Water Company stock pays annual dividends of $1.228 per share, indicating a yield of 1.73% and a payout ratio of 60.1%.
Balance sheet and cash flow metrics
- Total Assets
- $1.13 billion
- Total Liabilities
- $87.56 million
- Operating Cash Flow
- Capital Expenditure
- $26.12 million
- Dividend Payout Ratio
Middlesex Water Company ended 2023 with $1.13 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.13 billion while shareholder equity stood at $413.56 million.
Middlesex Water Company ended 2023 with $0 in deferred long-term liabilities, $87.56 million in other current liabilities, 239545000.00 in common stock, $171.93 million in retained earnings and $0 in goodwill. Its cash balance stood at $4.38 million and cash and short-term investments were $4.38 million. The company’s total short-term debt was $40,960,000 while long-term debt stood at $350.45 million.
Middlesex Water Company’s total current assets stands at $40.57 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $26.30 million compared to accounts payable of $28.27 million and inventory worth $6.43 million.
In 2023, Middlesex Water Company's operating cash flow was $-26120000.00 while its capital expenditure stood at $26.12 million.
Comparatively, Middlesex Water Company paid $0.60 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Middlesex Water Company stock is currently trading at $71.89 per share. It touched a 52-week high of $94.6975 and a 52-week low of $94.6975. Analysts tracking the stock have a 12-month average target price of $89.
Its 50-day moving average was $78.76 and 200-day moving average was $80.01 The short ratio stood at 6.66 indicating a short percent outstanding of 0%.
Around 177.4% of the company’s stock are held by insiders while 6888.6% are held by institutions.
Frequently Asked Questions About Middlesex Water Company
Similar Industry Stocks (Utilities-Regulated Water)
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. Middlesex Water Company was incorporated in 1896 and is headquartered in Iselin, New Jersey.