Middlesex Water Third Quarter 2024 Earnings: EPS: US$0.80 (vs US$0.56 in 3Q 2023)

In This Article:

Middlesex Water (NASDAQ:MSEX) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$55.1m (up 18% from 3Q 2023).

  • Net income: US$14.3m (up 44% from 3Q 2023).

  • Profit margin: 26% (up from 21% in 3Q 2023). The increase in margin was driven by higher revenue.

  • EPS: US$0.80 (up from US$0.56 in 3Q 2023).

earnings-and-revenue-history
NasdaqGS:MSEX Earnings and Revenue History November 2nd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Middlesex Water Earnings Insights

Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Water Utilities industry in the US.

Performance of the American Water Utilities industry.

The company's shares are up 3.0% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Middlesex Water (including 1 which shouldn't be ignored).

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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