We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Middlesex Water (MSEX) Gains 22% Over a Year: Here's Why
Read MoreHide Full Article
Middlesex Water Company (MSEX - Free Report) is being favored by investors at the moment, owing to its share price movement. Shares of the company have gained nearly 21.9% over a year, outperforming its industry's growth of roughly 1.2%. With a market capitalization of $0.75 billion, the average volume of shares traded in the past three months was 46.93k.
What’s Driving the Price?
The company delivered an average positive earnings surprise of 6.83% in the last four quarters. Middlesex Water continues to work on its Water for Tomorrow Plan, which was unveiled last year. This plan involves numerous projects designed to upgrade and replace infrastructure, and enhance the integrity of water system assets. The company aims to invest more than $300 million in this program.
Steady growth in customer levels and timely decision from New Jersey regulators related to the new water rates are helping in the company consistent performance.
Middlesex Water continues to pay regular dividend to its shareholders and also increased its dividend rate annually for 45 consecutive years, thanks to its strong performance.
Middlesex Water's 2018 and 2019 earnings is expected to improve 33.3% and 1.09%, year over year respectively. In the past 30 days, the Zacks Consensus Estimate for 2018 and 2019 has moved up 17.9% and 16.3%, respectively.
Middlesex Water has been witnessing rising revenues, with the top line expected to improve 4.8% in 2018 from 2017 level. Revenues are expected to improve 2.9% year over year in 2019.
Other top-ranked stocks from the same industry are American Water Works (AWK - Free Report) , Consolidated Water Co (CWCO - Free Report) and AquaVenture Holdings Ltd . All these stocks returned higher than the industry over the past 12 months.
The Zacks Consensus Estimate for American Water Works and AquaVenture Holdings has moved up 0.3% and 6.8%, respectively, in the past 60 days.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Image: Bigstock
Middlesex Water (MSEX) Gains 22% Over a Year: Here's Why
Middlesex Water Company (MSEX - Free Report) is being favored by investors at the moment, owing to its share price movement. Shares of the company have gained nearly 21.9% over a year, outperforming its industry's growth of roughly 1.2%. With a market capitalization of $0.75 billion, the average volume of shares traded in the past three months was 46.93k.
What’s Driving the Price?
The company delivered an average positive earnings surprise of 6.83% in the last four quarters. Middlesex Water continues to work on its Water for Tomorrow Plan, which was unveiled last year. This plan involves numerous projects designed to upgrade and replace infrastructure, and enhance the integrity of water system assets. The company aims to invest more than $300 million in this program.
Steady growth in customer levels and timely decision from New Jersey regulators related to the new water rates are helping in the company consistent performance.
Middlesex Water continues to pay regular dividend to its shareholders and also increased its dividend rate annually for 45 consecutive years, thanks to its strong performance.
Middlesex Water's 2018 and 2019 earnings is expected to improve 33.3% and 1.09%, year over year respectively. In the past 30 days, the Zacks Consensus Estimate for 2018 and 2019 has moved up 17.9% and 16.3%, respectively.
Middlesex Water has been witnessing rising revenues, with the top line expected to improve 4.8% in 2018 from 2017 level. Revenues are expected to improve 2.9% year over year in 2019.
Currently, Middlesex Water sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Key Picks
Other top-ranked stocks from the same industry are American Water Works (AWK - Free Report) , Consolidated Water Co (CWCO - Free Report) and AquaVenture Holdings Ltd . All these stocks returned higher than the industry over the past 12 months.
The Zacks Consensus Estimate for American Water Works and AquaVenture Holdings has moved up 0.3% and 6.8%, respectively, in the past 60 days.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>