With 1.04 million shares changed hands, the volume of the stock remained heavier than its average volume of 94070.0 shares. During the session, the Utilities – Regulated Water company that operates in wider Utilities sector, reached to the highest price of $54.125 whereas the lowest price it dropped to was $51.96. The 52-week range on MSEX shows that it touched its highest point at $70.73 and its lowest point at $45.42 during that stretch. It currently has a 1-year price target of $62.67. With its current market cap of 958.11 million, MSEX has annualized dividend of $1.31 while the current yield stands at 2.45%. MSEX paid its most recent dividend on 1723680000, while the ex-dividend date for that was 1731628800. Beta for the stock currently stands at 0.82.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MSEX was down-trending over the past week, with a drop of -3.42%, but this was down by -20.95% over a month. Three-month performance dropped to -15.72% while six-month performance rose 1.57%. The stock lost -21.23% in the past year, while it has lost -18.23% so far this year. A look at the trailing 12-month EPS for MSEX yields 2.30 with Next year EPS estimates of 2.41. For the next quarter, that number is 0.37. This implies an EPS growth rate of 33.24% for this year and 2.77% for next year. EPS is expected to grow by 13.96% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -2.08%.
Float and Shares Shorts:
At present, 17.86 million MSEX shares are outstanding with a float of 17.38 million shares on hand for trading. On 2024-11-29, short shares totaled 0.82 million, which was 459.99999999999994 higher than short shares on 1730332800. In addition to Mr. Robert K. Fullagar as the firm’s Vice President of Operations, Ms. Georgia M. Simpson serves as its VP of Information Technology & CTO.
Institutional Ownership:
Through their ownership of 0.80057997 of MSEX’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, MSEX reported revenue of $55100000.0 and operating income of $17501000.0. The EBITDA in the recently reported quarter was $26338000.0 and diluted EPS was $0.8.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MSEX since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MSEX analysts setting a high price target of 71.0 and a low target of 56.0, the average target price over the next 12 months is 62.66667. Based on these targets, MSEX could surge 32.31% to reach the target high and rise by 4.36% to reach the target low. Reaching the average price target will result in a growth of 16.78% from current levels.
Analysts have provided yearly estimates in a range of $2.39508 being high and $2.26998 being low. For MSEX, this leads to a yearly average estimate of $2.345. Based on analyst estimates, the high estimate for the next quarter is $0.5 and the low estimate is $0.5. The average estimate for the next quarter is thus $0.5.
