NasdaqGS:MSEXWater Utilities
Middlesex Water (MSEX): Valuation Premium Flags Risk Despite Forecast 11.9% Annual Earnings Growth
Middlesex Water (MSEX) has delivered a steady run of earnings growth, with annual profits rising by 4.2% most recently, ahead of its longer-term pace of 1.7% per year over the past five years. Earnings are projected to grow 11.89% annually going forward, while revenue is expected to expand by 7.1% per year, trailing the broader market’s projected 10.4% growth rate. Net profit margins hold at 22%, slightly lower than last year, but remain robust by sector standards.
See our full analysis for...