Middlesex Water Past Earnings Performance
Past criteria checks 2/6
Middlesex Water has been growing earnings at an average annual rate of 1.2%, while the Water Utilities industry saw earnings growing at 10.6% annually. Revenues have been growing at an average rate of 5.1% per year. Middlesex Water's return on equity is 8.5%, and it has net margins of 21.5%.
Key information
1.2%
Earnings growth rate
-0.2%
EPS growth rate
Water Utilities Industry Growth | 8.9% |
Revenue growth rate | 5.1% |
Return on equity | 8.5% |
Net Margin | 21.5% |
Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
There Are Reasons To Feel Uneasy About Middlesex Water's (NASDAQ:MSEX) Returns On Capital
Jul 29Subdued Growth No Barrier To Middlesex Water Company's (NASDAQ:MSEX) Price
Dec 26Be Wary Of Middlesex Water (NASDAQ:MSEX) And Its Returns On Capital
Dec 05Middlesex Water (NASDAQ:MSEX) Has Announced That It Will Be Increasing Its Dividend To $0.325
Oct 26Middlesex Water (NASDAQ:MSEX) Takes On Some Risk With Its Use Of Debt
Oct 10Some Investors May Be Worried About Middlesex Water's (NASDAQ:MSEX) Returns On Capital
Aug 22These 4 Measures Indicate That Middlesex Water (NASDAQ:MSEX) Is Using Debt Extensively
May 27Returns On Capital At Middlesex Water (NASDAQ:MSEX) Have Hit The Brakes
May 10With EPS Growth And More, Middlesex Water (NASDAQ:MSEX) Makes An Interesting Case
Mar 12Is Middlesex Water (NASDAQ:MSEX) A Risky Investment?
Jan 26Investors Could Be Concerned With Middlesex Water's (NASDAQ:MSEX) Returns On Capital
Dec 19With EPS Growth And More, Middlesex Water (NASDAQ:MSEX) Makes An Interesting Case
Dec 03Is Middlesex Water (NASDAQ:MSEX) A Risky Investment?
Oct 16Middlesex Water unit gets contract to manage Avalon water, sewer utility
Aug 17Middlesex Water GAAP EPS of $0.50, revenue of $39.68M misses by $1.32M
Jul 29Capital Allocation Trends At Middlesex Water (NASDAQ:MSEX) Aren't Ideal
Jul 26Middlesex Water declares $0.29 dividend
Jul 22Here's Why Middlesex Water (NASDAQ:MSEX) Has Caught The Eye Of Investors
Jun 28Here's Why Middlesex Water (NASDAQ:MSEX) Has A Meaningful Debt Burden
Jun 01Don't Buy Middlesex Water Just For The Dividend
May 12Investors Could Be Concerned With Middlesex Water's (NASDAQ:MSEX) Returns On Capital
Mar 21Is Middlesex Water (NASDAQ:MSEX) A Risky Investment?
Mar 01Middlesex Water Is Still Expensive
Jan 31Here's What's Concerning About Middlesex Water's (NASDAQ:MSEX) Returns On Capital
Dec 10Do Middlesex Water's (NASDAQ:MSEX) Earnings Warrant Your Attention?
Oct 26Capital Allocation Trends At Middlesex Water (NASDAQ:MSEX) Aren't Ideal
Jul 29With EPS Growth And More, Middlesex Water (NASDAQ:MSEX) Is Interesting
Jul 14Here's Why Middlesex Water (NASDAQ:MSEX) Has A Meaningful Debt Burden
Jun 24Here's Why Middlesex Water Company's (NASDAQ:MSEX) CEO May Deserve A Raise
May 19Revenue & Expenses Breakdown
How Middlesex Water makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
---|---|---|---|---|
31 Mar 24 | 169 | 36 | -3 | 0 |
31 Dec 23 | 166 | 31 | -3 | 0 |
30 Sep 23 | 166 | 33 | -3 | 0 |
30 Jun 23 | 168 | 37 | -4 | 0 |
31 Mar 23 | 164 | 36 | -4 | 0 |
31 Dec 22 | 162 | 42 | -5 | 0 |
30 Sep 22 | 158 | 42 | -4 | 0 |
30 Jun 22 | 150 | 40 | -3 | 0 |
31 Mar 22 | 147 | 42 | -3 | 0 |
31 Dec 21 | 143 | 36 | -2 | 0 |
30 Sep 21 | 144 | 37 | -2 | 0 |
30 Jun 21 | 144 | 39 | -1 | 0 |
31 Mar 21 | 142 | 38 | -1 | 0 |
31 Dec 20 | 142 | 38 | 0 | 0 |
30 Sep 20 | 140 | 38 | 0 | 0 |
30 Jun 20 | 138 | 36 | 0 | 0 |
31 Mar 20 | 136 | 35 | 1 | 0 |
31 Dec 19 | 135 | 34 | 1 | 0 |
30 Sep 19 | 135 | 33 | 0 | 0 |
30 Jun 19 | 136 | 34 | 0 | 0 |
31 Mar 19 | 138 | 34 | 0 | 0 |
31 Dec 18 | 138 | 32 | -1 | 0 |
30 Sep 18 | 136 | 31 | 0 | 0 |
30 Jun 18 | 134 | 26 | 0 | 0 |
31 Mar 18 | 132 | 23 | 0 | 0 |
31 Dec 17 | 131 | 23 | 0 | 0 |
30 Sep 17 | 131 | 21 | 0 | 0 |
30 Jun 17 | 133 | 22 | 0 | 0 |
31 Mar 17 | 132 | 22 | 0 | 0 |
31 Dec 16 | 133 | 23 | 0 | 0 |
30 Sep 16 | 132 | 24 | 0 | 0 |
30 Jun 16 | 129 | 22 | 0 | 0 |
31 Mar 16 | 128 | 21 | 0 | 0 |
31 Dec 15 | 126 | 20 | 0 | 0 |
30 Sep 15 | 123 | 19 | 0 | 0 |
30 Jun 15 | 121 | 19 | 0 | 0 |
31 Mar 15 | 119 | 19 | 0 | 0 |
31 Dec 14 | 117 | 18 | 0 | 0 |
30 Sep 14 | 116 | 18 | 0 | 0 |
30 Jun 14 | 115 | 17 | 0 | 0 |
31 Mar 14 | 115 | 16 | 0 | 0 |
31 Dec 13 | 115 | 16 | 0 | 0 |
30 Sep 13 | 115 | 16 | 0 | 0 |
Quality Earnings: MSEX has high quality earnings.
Growing Profit Margin: MSEX's current net profit margins (21.5%) are lower than last year (21.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MSEX's earnings have grown by 1.2% per year over the past 5 years.
Accelerating Growth: MSEX's earnings growth over the past year (0.4%) is below its 5-year average (1.2% per year).
Earnings vs Industry: MSEX earnings growth over the past year (0.4%) did not outperform the Water Utilities industry 15.2%.
Return on Equity
High ROE: MSEX's Return on Equity (8.5%) is considered low.