Middlesex Water (NASDAQ:MSEX) 주식

Middlesex Water

Middlesex Water Co owns and operates regulated water utility and wastewater systems in the U.S. The firm operates in the eastern states of New Jersey, Delaware, and Pennsylvania. The company has two operating segments, Regulated and Non-Regulated. The regulated business includes collecting and distributing water to residential, commercial, industrial, and fire protection consumers. The non-regulated business includes contract services for the operation of private water and wastewater systems. The majority of the company's revenue is derived from the Regulated segment and from residential customers.

Middlesex Water Co

MIDDLESEX WATER 7 PR by Middlesex Water Co.

Middlesex Water Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSEX#NASDAQ">MSEX</a>), a provider of life-sustaining water and wastewater utility services, announced that its Board of Directors has named Nadine Leslie as Chair of the Board. Leslie, who currently serves as President and Chief Executive Officer, succeeds Dennis W. Doll, who retired from the Board following a 20-year tenure with the company.
The Board also named Amy Mansue to serve as its Lead Independent Director, a role established to further support the Board's independence and strengthen governance oversight.

News

Management

MSEX

Middlesex Water Company Names President And CEO Nadine Leslie As Chair Of The Board, Succeeding Dennis W. Doll

Earnings

Earnings Beats

Earnings Misses

Middlesex Water Q1 EPS $0.53 Misses $0.57 Estimate, Sales $44.30M Beat $43.79M Estimate

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Earnings Scheduled For May 1, 2025

Middlesex Water (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSEX#NASDAQ">MSEX</a>) is set to give its latest quarterly earnings report on Thursday, 2025-05-01. Here's what investors need to know before the announcement.
Analysts estimate that Middlesex Water will report an earnings per share (EPS) of $0.57. 
The announcement from Middlesex Water is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Earnings History Snapshot</h3>
The company's EPS beat by $0.12 in the last quarter, leading to a 0.0% drop in the share price on the following day.
Here's a look at Middlesex Water's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.37</td>
<td>0.68</td>
<td>0.64</td>
<td>0.46</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.49</td>
<td>0.80</td>
<td>0.59</td>
<td>0.59</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>7.000000000000001%</td>
<td>-1.0%</td>
<td>5.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2025/1746046857_0.png" alt="eps graph" />
<h3>Performance of Middlesex Water Shares</h3>
Shares of Middlesex Water were trading at $62.83 as of April 29. Over the last 52-week period, shares are up 20.41%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Opinions on Middlesex Water</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Middlesex Water.
With 1 analyst ratings, Middlesex Water has a consensus rating of Outperform. The average one-year price target is $61.0, indicating a potential 2.91% downside.
<h3>Peer Ratings Comparison</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of SJW Gr, California Water Servs Gr and American States Water, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>Analysts currently favor an Buy trajectory for SJW Gr, with an average 1-year price target of $57.75, suggesting a potential 8.09% downside.</li>
<li>Analysts currently favor an Buy trajectory for California Water Servs Gr, with an average 1-year price target of $54.0, suggesting a potential 14.05% downside.</li>
<li>Analysts currently favor an Underperform trajectory for American States Water, with an average 1-year price target of $71.0, suggesting a potential 13.0% upside.</li>
</ul>
<h3>Overview of Peer Analysis</h3>
The peer analysis summary presents essential metrics for SJW Gr, California Water Servs Gr and American States Water, unveiling their respective standings within the industry and providing valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Middlesex Water</td>
<td>Outperform</td>
<td>22.03%</td>
<td>$22.39M</td>
<td>1.98%</td>
</tr>
<tr>
<td>SJW Gr</td>
<td>Buy</td>
<td>15.46%</td>
<td>$115.55M</td>
<td>1.70%</td>
</tr>
<tr>
<td>California Water Servs Gr</td>
<td>Buy</td>
<td>3.58%</td>
<td>$131.49M</td>
<td>1.20%</td>
</tr>
<tr>
<td>American States Water</td>
<td>Underperform</td>
<td>14.31%</td>
<td>$105.67M</td>
<td>3.15%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Middlesex Water ranks at the top for Revenue Growth among its peers. It is in the middle for Gross Profit. For Return on Equity, Middlesex Water is at the bottom compared to its peers.
<h3>Discovering Middlesex Water: A Closer Look</h3>
Middlesex Water Co owns and operates regulated water utility and wastewater systems in the U.S. The firm operates in the eastern states of New Jersey, Delaware, and Pennsylvania. The company has two operating segments, Regulated and Non-Regulated. The regulated business includes collecting and distributing water to residential, commercial, industrial, and fire protection consumers. The non-regulated business includes contract services for the operation of private water and wastewater systems. The majority of the company's revenue is derived from the Regulated segment and from residential customers.
<h3>Middlesex Water: Delving into Financials</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Middlesex Water showcased positive performance, achieving a revenue growth rate of 22.03% as of 31 December, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Utilities sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 18.64%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 1.98%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Middlesex Water's ROA excels beyond industry benchmarks, reaching 0.71%. This signifies efficient management of assets and strong financial health.
Debt Management: Middlesex Water's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.87.
<a href="https://www.benzinga.com/quote/MSEX/earnings">To track all earnings releases for Middlesex Water visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Middlesex Water

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Barclays analyst Manav Patnaik downgraded the rating for UniFirst Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) from Equal-Weight to Underweight and lowered the price target from $180 to $152. UniFirst shares closed at $172.17 on Thursday. <a href="https://www.benzinga.com/quote/UNF/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Janney Montgomery Scott analyst Michael Gaugler downgraded Middlesex Water Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSEX#NASDAQ">MSEX</a>) from Buy to Neutral. Middlesex Water shares closed at $66.57 on Thursday. <a href="https://www.benzinga.com/quote/MSEX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Michael Sarcone downgraded the rating for EDAP TMS S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDAP#NASDAQ">EDAP</a>) from Buy to Hold and cut the price target from $8 to $2. Edap shares closed at $1.91 on Thursday. <a href="https://www.benzinga.com/quote/EDAP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Jeffrey Zekauskas downgraded Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>) from Overweight to Neutral and lowered the price target from $40 to $31. Dow shares closed at $31.46 on Thursday. <a href="https://www.benzinga.com/quote/DOW/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst Manav Patnaik downgraded the rating for Equifax Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>) from Overweight to Equal-Weight and lowered the price target from $325 to $260. Equifax shares closed at $231.80 on Thursday.  <a href="https://www.benzinga.com/quote/EFX/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying DOW stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="505" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/04081227/image-45-1024x505.png" alt="" class="wp-image-857437" style="width:509px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/04081227/image-45-1024x505.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/04081227/image-45-300x148.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/04081227/image-45-768x379.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/04081227/image-45.png 1212w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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<li><a href="https://www.benzinga.com/25/04/44641655/guess-simulations-plus-and-3-stocks-to-watch-heading-into-friday">Guess, Simulations Plus And 3 Stocks To Watch Heading Into Friday</a> </li>
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Photo via Shutterstock

Downgrades

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

EDAP

This Dow Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

Janney Montgomery Scott analyst Michael Gaugler downgrades Middlesex Water (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSEX#NASDAQ">MSEX</a>) from Buy to Neutral.

Janney Montgomery Scott Downgrades Middlesex Water to Neutral

WIIM

Middlesex Water  shares are trading higher after Bair upgraded its rating on the stock from neutral to outperform.

Baird analyst Davis Sunderland upgrades Middlesex Water (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSEX#NASDAQ">MSEX</a>) from Neutral to Outperform and maintains the price target from $61 to $61.

Upgrades

Price Target

Baird Upgrades Middlesex Water to Outperform, Maintains Price Target to $61

U.S. stock futures rose on Monday following Friday&#8217;s advances. Futures of all fourth benchmark indices rose in premarket trading.
Investor anxiety over tariffs loomed as the March 4 deadline for tariff imposition on Mexico and Canada neared. U.S. Commerce Secretary Howard Lutnick <a href="https://www.foxnews.com/video/6369522376112">told</a> Fox News on Sunday that President Donald Trump would decide if the government will stick to its plan to levy 25%. 
Also, China will be charged an additional 10% tariff on Tuesday, as highlighted by Trump in his Truth Social post. Furthermore, reports suggested that Mexico may agree to raise tariffs on Chinese goods to avoid the duties threatened by Trump.
Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Costco Wholesale Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>), Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), Crowdstrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) and Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) will report earnings this week.
Treasury yields slipped on Monday. The 10-year Treasury yield stood at 4.25%, while the two-year yield was at 4.03%. According to the CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>, there is a 95% chance that the Federal Reserve will keep interest rates unchanged for the March meeting.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.35%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.21%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.12%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.62%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Monday. SPY was up 0.26% to $595.74, and QQQ advanced 0.44% to $510.34, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
Information technology, financial, and consumer discretionary sectors led the charge as U.S. stocks <a href="https://www.benzinga.com/news/earnings/25/03/44069254/nasdaq-jumps-300-points-as-nvidia-tesla-stocks-surge-investor-sentiment-improves-but-greed-index-remains-in-extreme-fear-zone">closed higher</a> on Friday. Ultimately, all sectors within the S&amp;P 500 finished the day with gains. 
The tech sector, in particular, rebounded strongly from Thursday&#8217;s losses, with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) surging 4% and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) climbing 3.9%.
Further bolstering investor sentiment was the release of PCE data, which showed the price index declining for the first time in four months. This data reinforced expectations, as indicated by the CME FedWatch tool, for approximately two quarter-point cuts to the Fed funds rate in 2025 after June.
The Dow Jones closed 601 points or 1.39% higher at 43,840.91 on Friday. The S&amp;P 500 rose 1.59% to 5,954.50, while the Nasdaq Composite jumped 1.63% to 18,847.28. The small-cap gauge Russell 200 advanced 1.09% to 2,163.07.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>1.63%</td>
<td>18,847.28</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>1.59%</td>
<td>5,954.50</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>1.39%</td>
<td>43,840.91 </td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.09%</td>
<td>2,163.07</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
Ahead of the first trading day in the new month of March, Ryan Detrick, the chief market strategist at Carson Research, highlighted that this is &#8220;a solid month overall&#8221; but the bulls start to show up only after mid-month.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">March is a solid month overall, but it is the Ides of March when the&#x1f402;s tend to show up. <a href="https://t.co/DKOJ71mvE4">pic.twitter.com/DKOJ71mvE4</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1896337769275994394?ref_src=twsrc%5Etfw">March 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Mapping the historical data 1950 onwards, Detrick added that March, April, and May are usually solid months in post-election years.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">March/April/May tend to be solid months in a post-election years. The weak February played out, time for better times? I think so. <a href="https://t.co/ckQ9WdIyP2">pic.twitter.com/ckQ9WdIyP2</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1896324556543127641?ref_src=twsrc%5Etfw">March 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
He further highlighted that every fifth year or the years ending with &#8216;5,&#8217; tend to be quite strong, except 2015 during which S&amp;P 500 was lower by less than 1%.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Years that end in &quot;5&quot; tend to be quite strong, with only 2015 lower and that was by less than 1%. Some of those other years were very strong (1955, 1975, 1985, and 1995). <a href="https://t.co/PIJVOViUzT">pic.twitter.com/PIJVOViUzT</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1896396679949205683?ref_src=twsrc%5Etfw">March 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Louis Navellier of Navellier &amp; Associates suggests that the S&amp;P 500, currently riding a &#8220;very strong rally,&#8221; is due for a correction towards its rising 200-day moving average, which stood at 5701.50 as of last Friday.
According to Navellier, the index has yet to test this key moving average which did not happen in 2024, making a pullback increasingly likely. He says that the timing of this correction, whether in February or March, hinges on &#8220;multiple policy announcements by the White House,&#8221; which can be triggered by either economic or geopolitical events.
Navellier contends that the White House has been the &#8220;primary driver of volatility in stocks,&#8221; making short-term predictions difficult. He further asserts that this deliberate uncertainty serves the President&#8217;s strategic objectives.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep on this week:
<ul>
<li>On Monday, February&#8217;s S&amp;P final U.S. manufacturing PMI will be released at 9:45 a.m., ET.</li>
</ul>
<ul>
<li>January&#8217;s construction spending data and February&#8217;s ISM manufacturing data will be out by 10:00 a.m., ET.</li>
</ul>
<ul>
<li>St Louis Fed President Alberto Musalem will speak at 12:35 p.m., ET.</li>
</ul>
<ul>
<li>Also, auto sales data for February will be released today, the timing for which is yet to be announced.</li>
</ul>
<ul>
<li>On Tuesday, New York Fed President John Williams will speak at 2:20 p.m. ET, whereas, Richmond Fed President Tom Barkin will speak at an undetermined time.</li>
</ul>
<ul>
<li>On Wednesday, February&#8217;s ADP employment data will be released at 8:15 a.m., ET.</li>
</ul>
<ul>
<li>The S&amp;P final U.S. services PMI for February will be out by 9:45 a.m., ET.</li>
</ul>
<ul>
<li>January&#8217;s factory orders data and February&#8217;s ISM services data will be announced at 10:00 a.m., ET.</li>
</ul>
<ul>
<li>Fed Beige Book will be released at 2:00 p.m., ET.</li>
</ul>
<ul>
<li>On Thursday, initial jobless claims data for the week ended March 1 will be out by 8:30 a.m., ET.</li>
</ul>
<ul>
<li>U.S. productivity data for the fourth quarter and U.S. trade deficit data for January will be released at 8:30 a.m., ET as well.</li>
</ul>
<ul>
<li>January&#8217;s wholesale inventory data will be out by 10:00 a.m., ET.</li>
</ul>
<ul>
<li>Fed Governor Christopher Waller will speak at 3:30 p.m. and Atlanta Fed President Raphael Bostic will speak at 7:00 p.m.</li>
</ul>
<ul>
<li>On Friday, February&#8217;s U.S. jobs report, unemployment rate and hourly wages data will be out by 8:30 a.m., ET.</li>
</ul>
<ul>
<li>Fed Governor Michelle Bowman will speak at 10:15 a.m., New York Fed President John Williams will speak again at 10:45 a.m., Fed Governor Adriana Kugler will speak at 12:20 p.m., and Fed Chairman Jerome Powell will speak at 12:30 p.m., ET.</li>
</ul>
<ul>
<li>January&#8217;s consumer credit data will be announced at 3:00 p.m., ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>California Resources Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRC#NYSE">CRC</a>) declined 3.38% in the premarket on Monday ahead of its earnings, which will be released before the opening bell. Analysts expect it to report earnings of 97 cents per share on revenue of $897.75 million.</li>
</ul>
<ul>
<li>Nomad Foods Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOMD#NYSE">NOMD</a>) advanced 2.65% as Wall Street expects it to report quarterly earnings of 38 cents per share on revenue of $796.56 million before the opening bell.</li>
</ul>
<ul>
<li>MRC Global Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRC#NYSE">MRC</a>) was down 0.90% ahead of its earnings, which will be released after the closing bell. Analysts expect it to report quarterly earnings of 6 cents per share on revenue of $726.90 million.</li>
</ul>
<ul>
<li>Okta Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) rose 1.12% as Wall Street expects it to report quarterly earnings of 74 cents per share on revenue of $669.46 million after the closing bell.</li>
</ul>
<ul>
<li>Middlesex Water Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSEX#NASDAQ">MSEX</a>) was 2.53% higher after posting better-than-expected results for its fourth quarter on Friday.</li>
</ul>
<ul>
<li>Syros Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYRS#NASDAQ">SYRS</a>) dropped 37.85% after it announced that it plans to delist from Nasdaq around March 20, after filing Form 25 with the SEC near March 10, 2025.</li>
</ul>
<ul>
<li>Vincerx Pharma Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINC#NASDAQ">VINC</a>) slumped 24.85% after terminating its reverse merger. It said that it will explore strategic options like out-licensing, M&amp;A, asset sales, wind-down of operations.</li>
</ul>
<ul>
<li>Sharplink Gaming Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>) jumped 16.19% after it acquired a 10% stake in CryptoCasino.com for $500,000, with a right of first refusal for controlling interest, aiming to enter the crypto gaming market.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were trading lower in the early New York session by 0.63% to hover around $69.33 per barrel.
The gold spot index was up by 0.37% to $2,869.27 per ounce. Its last record high was at $2,956.37 per ounce. The Dollar Index was down 0.55% at the 107.018 level.
Asian markets were mixed on Monday as India's S&amp;P BSE Sensex, China's CSI 300, and South Korea's Kospi index declined. Whereas, Japan's Nikkei 225, Australia's ASX 200, and Hong Kong's Hang Seng index advanced. European markets were mostly higher in trade.
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US Stocks Likely To Open Higher As Wall Street Watches Trump Tariff Talks: 'March, April, May Tend To Be Solid Months In Post-Election Years,' Says Expert

With U.S. stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects California Resources Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRC#NYSE">CRC</a>) to report quarterly earnings at 97 cents per share on revenue of $897.75 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. California Resources shares gained 1.8% to $45.40 in after-hours trading.</li>
<li>Analysts are expecting Nomad Foods Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOMD#NYSE">NOMD</a>) to post quarterly earnings at 38 cents per share on revenue of $796.56 million. The company will release earnings before the markets open. Nomad Foods shares gained 0.4% to $18.98 in after-hours trading.</li>
<li>Middlesex Water Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSEX#NASDAQ">MSEX</a>) posted better-than-expected results for its fourth quarter on Friday. Middlesex Water shares gained 2.3% to $51.30 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>After the markets close, MRC Global Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRC#NYSE">MRC</a>) is projected to post quarterly earnings at 6 cents per share on revenue of $726.90 million. MRC Global shares gained 0.3% to $12.20 in after-hours trading.</li>
<li>Analysts expect Okta Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) to post quarterly earnings at 74 cents per share on revenue of $669.46 million after the closing bell. Okta shares gained 0.2% to $90.71 in after-hours trading.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/25/02/44054266/top-2-tech-and-telecom-stocks-that-may-implode-in-q1">Top 2 Tech And Telecom Stocks That May Implode In Q1</a></li>
</ul>
Photo courtesy: Shutterstock

Long Ideas

California Resources, Okta And 3 Stocks To Watch Heading Into Monday

Middlesex Water (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSEX#NASDAQ">MSEX</a>) reported quarterly earnings of $0.49 per share which beat the analyst consensus estimate of $0.36 by 36.11 percent. This is a 53.12 percent increase over earnings of $0.32 per share from the same period last year. The company reported quarterly sales of $47.107 million which beat the analyst consensus estimate of $43.000 million by 9.55 percent. This is a 22.03 percent increase over sales of $38.602 million the same period last year.

Middlesex Water Q4 2024 GAAP EPS $0.49 Beats $0.36 Estimate, Sales $47.107M Beat $43.000M Estimate

<h3>Companies Reporting Before The Bell</h3>
• Frontline (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) is estimated to report quarterly earnings at $0.27 per share on revenue of $282.62 million. 
• Nordic American Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAT#NYSE">NAT</a>) is estimated to report quarterly earnings at $0.04 per share on revenue of $53.07 million. 
• Fluent (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLNT#NASDAQ">FLNT</a>) is estimated to report quarterly loss at $0.23 per share on revenue of $68.06 million. 
• Recursion Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>) is expected to report quarterly loss at $0.41 per share on revenue of $18.17 million. 
• Oxford Square Cap (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OXSQ#NASDAQ">OXSQ</a>) is projected to report quarterly earnings at $0.06 per share on revenue of $9.90 million. 
• Integral Ad Science (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAS#NASDAQ">IAS</a>) is estimated to report quarterly earnings at $0.25 per share on revenue of $148.94 million. 
• PAR Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAR#NYSE">PAR</a>) is estimated to report quarterly loss at $0.08 per share on revenue of $99.26 million. 
• ANI Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANIP#NASDAQ">ANIP</a>) is expected to report quarterly earnings at $0.31 per share on revenue of $175.12 million. 
• TeraWulf (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WULF#NASDAQ">WULF</a>) is estimated to report quarterly loss at $0.02 per share on revenue of $37.36 million. 
• Global Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLP#NYSE">GLP</a>) is estimated to report quarterly earnings at $0.90 per share on revenue of $5.80 billion. 
• Rapid Micro Biosystems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPID#NASDAQ">RPID</a>) is expected to report quarterly loss at $0.22 per share on revenue of $7.60 million. 
• FuboTV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUBO#NYSE">FUBO</a>) is estimated to report quarterly loss at $0.11 per share on revenue of $444.91 million. 
• Butterfly Network (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFLY#NYSE">BFLY</a>) is expected to report quarterly loss at $0.08 per share on revenue of $21.01 million. 
• Natural Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRP#NYSE">NRP</a>) is projected to report earnings for its fourth quarter. 
• Apellis Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLS#NASDAQ">APLS</a>) is expected to report quarterly loss at $0.37 per share on revenue of $191.93 million. 
• Calumet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLMT#NASDAQ">CLMT</a>) is estimated to report quarterly loss at $0.36 per share on revenue of $929.11 million. 
• 1stdibs.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DIBS#NASDAQ">DIBS</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $22.02 million. 
• LandBridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LB#NYSE">LB</a>) is projected to report quarterly earnings at $0.78 per share on revenue of $244.81 million. 
• Fulgent Genetics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLGT#NASDAQ">FLGT</a>) is estimated to report quarterly loss at $0.37 per share on revenue of $75.39 million. 
• Owens &amp; Minor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMI#NYSE">OMI</a>) is estimated to report quarterly earnings at $0.53 per share on revenue of $2.73 billion. 
• Amneal Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMRX#NASDAQ">AMRX</a>) is projected to report quarterly earnings at $0.15 per share on revenue of $700.83 million. 
• Banco Latinoamericano (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLX#NYSE">BLX</a>) is likely to report quarterly earnings at $0.44 per share on revenue of $251.03 million. 
• Chart Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTLS#NYSE">GTLS</a>) is expected to report quarterly earnings at $3.23 per share on revenue of $1.18 billion. 
• Alpha Metallurgical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMR#NYSE">AMR</a>) is estimated to report quarterly earnings at $1.12 per share on revenue of $683.10 million. 
• Docebo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCBO#NASDAQ">DCBO</a>) is expected to report quarterly earnings at $0.27 per share on revenue of $56.24 million. 
• Northwest Natural Hldg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NWN#NYSE">NWN</a>) is expected to report quarterly earnings at $1.49 per share on revenue of $395.05 million. 
<h3>Companies Reporting After The Bell</h3>
• BIT Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTCM#NYSE">BTCM</a>) is estimated to report earnings for its fourth quarter. 
• Monroe Cap (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRCC#NASDAQ">MRCC</a>) is expected to report quarterly earnings at $0.27 per share on revenue of $14.99 million. 
• Longeveron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGVN#NASDAQ">LGVN</a>) is projected to report quarterly loss at $0.36 per share on revenue of $660 thousand. 
• Middlesex Water (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSEX#NASDAQ">MSEX</a>) is likely to report quarterly earnings at $0.37 per share on revenue of $45.00 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For February 28, 2025

BofA Securities analyst Ross Fowler initiated coverage on Middlesex Water Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSEX#NASDAQ">MSEX</a>) with an Underperform rating and <a target="_blank" href="https://www.benzinga.com/quote/MSEX/analyst-ratings" rel="noreferrer noopener">a price forecast of $56.</a>
Fowler notes that Middlesex Water is the most expensive utility in their coverage, trading at a 47% premium to the utility group and a 13% premium to the water group.
Despite strong past growth, the analyst projects rate base and EPS growth to slow below the peer average, which, combined with increasing regulatory risk and uncertainty around capital spending, makes the current valuation unjustified.
The analyst acknowledges Middlesex Water&#8217;s recent growth but does not see any catalyst for further share price appreciation, even with more aggressive capital expenditure assumptions.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/legal/24/12/42444582/albertsons-puts-an-end-to-merger-deal-sues-kroger-following-court-ruling-we-believe-strongly-in-the-merits-of-our-case" rel="noreferrer noopener">Albertsons Puts End To Merger Deal, Sues Kroger Following Court Ruling: &#8216;We Believe Strongly In The Merits Of Our Case&#8217;</a>
Fowler forecasts Middlesex Water&#8217;s EPS to grow at a 5.2% CAGR from 2024 to 2027, with estimates of $2.34 in 2024, $2.45 in 2025, $2.59 in 2026, and $2.72 in 2027.
The analyst forecasts capital expenditures to exceed guidance, driven by the national push for water quality investment, resulting in a 7.6% annual rate base growth through 2027.
However, this is slower than the recent 15% rate base growth driven by one-time water quality investments.
Per the analyst, the focus on limiting water customer bill increases will restrict further upside for Middlesex Water, especially as the company relies more on frequent rate cases.
Additionally, Middlesex Water may need to raise external equity starting in 2025, forecasting $25 million per year to bring its equity capitalization closer to authorized levels.
The analyst notes that Middlesex Water expects 4% customer growth in 2024, but acknowledges that economic conditions could make achieving that growth challenging.
The analyst assumes 4% growth for 2024, but adjusts it to 3% in their model.
The analyst also points out that if growth slows down, it could negatively impact revenue and capital expenditure estimates.
Price Action: MSEX shares are trading lower by 1.66% to $60.31 at last check Wednesday.
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Image via Shutterstock.

Initiation

Middlesex Water Faces Valuation Pressure: Analyst Flags Slowing Growth And Rising Regulatory Risks

B of A Securities analyst Ross Fowler initiates coverage on Middlesex Water (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSEX#NASDAQ">MSEX</a>) with a Underperform rating and announces Price Target of $56.

B of A Securities Initiates Coverage On Middlesex Water with Underperform Rating, Announces Price Target of $56

<a href="https://www.globenewswire.com/Tracker?data=RStI-Eh5ZELBq7ZL7G-QBxlErYxTLAPvtV51a1k8H3KnWszbj2ti19uebhw7GWFQ3ce_q6rFvE8kHIB45a22cePjTzLcXiJ3Yvs4Bydq8dE=">Middlesex Water Company</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSEX#NASDAQ">MSEX</a>), a provider of water and wastewater and related services primarily in New Jersey and Delaware, today announced that Gregory Sorensen has been named as its Vice President and Chief Operating Officer, effective December 16, 2024, as part of ongoing strategic succession planning and organizational realignment efforts.

Middlesex Water Names Gregory Sorensen VP And COO, Effective December 16, 2024, As Part Of Ongoing Strategic Succession Planning And Organizational Realignment Efforts.

Baird analyst Ben Kallo maintains Middlesex Water (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSEX#NASDAQ">MSEX</a>) with a Neutral and raises the price target from $58 to $61.

Baird Maintains Neutral on Middlesex Water, Raises Price Target to $61

Middlesex Water (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSEX#NASDAQ">MSEX</a>) reported quarterly earnings of $0.80 per share which beat the analyst consensus estimate of $0.69 by 15.94 percent. This is a 42.86 percent increase over earnings of $0.56 per share from the same period last year. The company reported quarterly sales of $55.100 million which beat the analyst consensus estimate of $52.400 million by 5.15 percent. This is a 17.95 percent increase over sales of $46.715 million the same period last year.

Middlesex Water Q3 2024 GAAP EPS $0.80 Beats $0.69 Estimate, Sales $55.100M Beat $52.400M Estimate

Middlesex Water (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSEX#NASDAQ">MSEX</a>) is set to give its latest quarterly earnings report on Thursday, 2024-10-31. Here's what investors need to know before the announcement.
Analysts estimate that Middlesex Water will report an earnings per share (EPS) of $0.68. 
The announcement from Middlesex Water is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Historical Earnings Performance</h3>
In the previous earnings release, the company missed EPS by $0.05, leading to a 0.83% drop in the share price the following trading session.
Here's a look at Middlesex Water's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.64</td>
<td>0.46</td>
<td>0.52</td>
<td>0.87</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.59</td>
<td>0.59</td>
<td>0.32</td>
<td>0.56</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.0%</td>
<td>5.0%</td>
<td>1.0%</td>
<td>-3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730322125_0.png" alt="eps graph" />
<h3>Insights Shared by Analysts on Middlesex Water</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Middlesex Water.
Analysts have provided Middlesex Water with 1 ratings, resulting in a consensus rating of Neutral. The average one-year price target stands at $58.0, suggesting a potential 8.68% downside.
<h3>Understanding Analyst Ratings Among Peers</h3>
In this analysis, we delve into the analyst ratings and average 1-year price targets of SJW Gr, Essential Utilities and American Water Works, three key industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>The prevailing sentiment among analysts is an Neutral trajectory for SJW Gr, with an average 1-year price target of $63.0, implying a potential 0.8% downside.</li>
<li>The prevailing sentiment among analysts is an Buy trajectory for Essential Utilities, with an average 1-year price target of $44.75, implying a potential 29.54% downside.</li>
<li>The consensus outlook from analysts is an Underperform trajectory for American Water Works, with an average 1-year price target of $142.0, indicating a potential 123.59% upside.</li>
</ul>
<h3>Comprehensive Peer Analysis Summary</h3>
The peer analysis summary provides a snapshot of key metrics for SJW Gr, Essential Utilities and American Water Works, illuminating their respective standings within the industry. These metrics offer valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Middlesex Water</td>
<td>Neutral</td>
<td>14.82%</td>
<td>$27.32M</td>
<td>2.44%</td>
</tr>
<tr>
<td>SJW Gr</td>
<td>Neutral</td>
<td>12.29%</td>
<td>$97.82M</td>
<td>1.65%</td>
</tr>
<tr>
<td>Essential Utilities</td>
<td>Buy</td>
<td>-0.53%</td>
<td>$258.17M</td>
<td>1.23%</td>
</tr>
<tr>
<td>American Water Works</td>
<td>Underperform</td>
<td>4.74%</td>
<td>$722M</td>
<td>2.75%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Middlesex Water ranks in the middle for Consensus rating among its peers. It is at the bottom for Revenue Growth. It is at the top for Gross Profit. It is at the top for Return on Equity.
<h3>Unveiling the Story Behind Middlesex Water</h3>
Middlesex Water Co owns and operates regulated water utility and wastewater systems in the U.S. The firm primarily operates in the eastern states of New Jersey, Delaware, and Pennsylvania. The company has two operating segments, Regulated and Non-Regulated. The regulated business includes collecting and distributing water to residential, commercial, industrial, and fire protection consumers. The non-regulated business includes contract services for the operation of private water and wastewater systems. The majority of the company's revenue is derived from the Regulated segment and from residential customers.
<h3>Financial Insights: Middlesex Water</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Middlesex Water displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 14.82%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Utilities sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 21.4%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Middlesex Water's ROE excels beyond industry benchmarks, reaching 2.44%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Middlesex Water's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.83% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Middlesex Water's debt-to-equity ratio is below the industry average. With a ratio of 1.01, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<a href="https://www.benzinga.com/quote/MSEX/earnings">To track all earnings releases for Middlesex Water visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Exploring Middlesex Water's Earnings Expectations

Dividends

Middlesex Water Increases Quarterly Dividend From $0.325 To $0.34 Per Share

Tidewater Utilities, Inc. ("Tidewater" or the "Company"), a wholly owned subsidiary of Middlesex Water Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSEX#NASDAQ">MSEX</a>) filed a request today with the Delaware Public Service Commission (PSC) for new rates in order to recover prudently incurred investments made in the last ten years to support continued regulatory compliance, enhance water quality, service reliability, security and resiliency of its water utility infrastructure assets. &nbsp;
Since its last filing more than ten years ago, the Company has invested over $150 million in critical drinking water infrastructure improvements that are not currently reflected in customer base rates. These capital expenditures reflect construction of new and rehabilitation of existing water treatment plants, addition of standby power generation, establishment of interconnections, construction of new storage facilities and other upgrades. Specific improvements include:&nbsp;
<ul>
<li>Construction of a 1,000,000-gallon elevated water storage tank in South Rehoboth and another 1,000,000-gallon elevated water storage tank in Millville, DE to address peak hour demand and fire protection needs</li>
<li>Construction and\or enhanced treatment upgrades at several plant facilities</li>
<li>Installation of interconnections that provide redundant capacity and storage for peak demand and system resiliency</li>
<li>Installation of back up generation at 30+ facilities to minimize service interruption and support plant resiliency</li>
<li>Regulatorily required water main realignments to support state road improvement plans
<ul>
<li>Installation of additional hydrants to provide fire protection coverage</li>
</ul>
</li>
</ul>

Middlesex Water Co's Tidewater Utilities Files For Rate Adjustment With The Delaware Public Service Commission

Press Releases

Middlesex Water Announces Retirement of G. Christian Andreasen, Vice President, Enterprise Engineering

Middlesex Water Company Declares Quarterly Cash Dividend

Middlesex Water Company to Report 2024 Earnings on February 28, 2025

Middlesex Water Company Announces Appointment of Brian Hague as new Vice President of Communications & Corporate Affairs

Middlesex Water Company Reports 2024 Financial Results

Middlesex Water Subsidiary Tidewater Utilities Completes The Acquisition Of Ocean View Water System

Middlesex Water Company to Report First Quarter 2025 Earnings on May 1

Middlesex Water Company Reports First Quarter 2025 Earnings

Middlesex Water Company Board of Directors Names Nadine Leslie Chair and Amy Mansue Lead Director

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