Returns On Capital At Middlesex Water (NASDAQ:MSEX) Have Stalled [Yahoo! Finance]
Middlesex Water Company (MSEX)
Last middlesex water company earnings: 11/1 12:33 pm
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Source: Yahoo! Finance
In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. However, after briefly looking over the numbers, we don't think Middlesex Water NASDAQ:MSEX ) has the makings of a multi-bagger going forward, but let's have a look at why that may be. For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. To calculate this metric for Middlesex Water, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.048 = US$55m ÷ (US$1.2b - US$80m) (Based on the trailing twelve months to September 2024) Therefore, Middlesex Water has an ROCE of 4.8%. Even though it's in line with the industry average of 4.8%, it's still a l
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News
- What Is Middlesex Water Company's (NASDAQ:MSEX) Share Price Doing? [Yahoo! Finance]Yahoo! Finance
- MSEX or SJW: Which is a Better Utility Water Supply Stock? [Yahoo! Finance]Yahoo! Finance
- Middlesex Water (NASDAQ: MSEX) is now covered by analysts at Bank of America Co.. They set an "underperform" rating and a $56.00 price target on the stock.MarketBeat
- Several Insiders Invested In Middlesex Water Flagging Positive News [Yahoo! Finance]Yahoo! Finance
- Middlesex Water Names Gregory Sorensen Vice President and Chief Operating Officer [Yahoo! Finance]Yahoo! Finance
MSEX
Earnings
- 10/31/24 - Beat
MSEX
Sec Filings
- 12/20/24 - Form 4
- 12/19/24 - Form 3
- 11/26/24 - Form 8-K
- MSEX's page on the SEC website