Analysts predict that Mueller Water Products, Inc. (NYSE:MWA) will announce $0.17 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have made estimates for Mueller Water Products’ earnings. The lowest EPS estimate is $0.16 and the highest is $0.21. Mueller Water Products posted earnings per share of $0.15 in the same quarter last year, which indicates a positive year over year growth rate of 13.3%. The company is expected to announce its next quarterly earnings report on Wednesday, November 7th.
On average, analysts expect that Mueller Water Products will report full year earnings of $0.52 per share for the current financial year, with EPS estimates ranging from $0.40 to $0.57. For the next financial year, analysts forecast that the firm will post earnings of $0.64 per share, with EPS estimates ranging from $0.58 to $0.75. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Mueller Water Products.
Mueller Water Products (NYSE:MWA) last issued its earnings results on Monday, August 6th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $250.20 million during the quarter, compared to analyst estimates of $246.01 million. Mueller Water Products had a net margin of 11.24% and a return on equity of 15.67%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS.
MWA has been the subject of a number of research reports. Zacks Investment Research raised shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Friday, May 11th. Boenning Scattergood restated a “hold” rating on shares of Mueller Water Products in a report on Tuesday, May 8th. ValuEngine downgraded shares of Mueller Water Products from a “hold” rating to a “sell” rating in a report on Tuesday, April 24th. Seaport Global Securities restated a “buy” rating on shares of Mueller Water Products in a report on Wednesday, May 9th. Finally, Oppenheimer restated a “buy” rating and set a $14.00 price target on shares of Mueller Water Products in a report on Monday, August 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $13.44.
Shares of NYSE:MWA traded up $0.04 during trading on Friday, reaching $11.70. 607,618 shares of the company traded hands, compared to its average volume of 731,391. The firm has a market capitalization of $1.84 billion, a P/E ratio of 26.59, a price-to-earnings-growth ratio of 1.44 and a beta of 1.11. Mueller Water Products has a 1-year low of $9.59 and a 1-year high of $12.99. The company has a quick ratio of 4.38, a current ratio of 5.13 and a debt-to-equity ratio of 0.83.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 20th. Stockholders of record on Friday, August 10th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, August 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.71%. Mueller Water Products’s dividend payout ratio is currently 45.45%.
Several institutional investors have recently added to or reduced their stakes in MWA. Prudential Financial Inc. raised its holdings in Mueller Water Products by 56.8% in the 1st quarter. Prudential Financial Inc. now owns 232,565 shares of the industrial products company’s stock worth $2,528,000 after acquiring an additional 84,286 shares during the period. LPL Financial LLC bought a new position in Mueller Water Products in the 4th quarter worth $467,000. Xact Kapitalforvaltning AB bought a new position in Mueller Water Products in the 4th quarter worth $345,000. First Republic Investment Management Inc. bought a new position in Mueller Water Products in the 1st quarter worth $126,000. Finally, MetLife Investment Advisors LLC bought a new position in Mueller Water Products in the 4th quarter worth $820,000. Institutional investors and hedge funds own 84.47% of the company’s stock.
Mueller Water Products Company Profile
Mueller Water Products, Inc manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. It operates through Infrastructure and Technologies segments. The Infrastructure segment offers valves for water and gas systems, including iron gate, butterfly, tapping, check, knife, plug, automatic control, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks under the Mueller and Jones brand names; small valves, meter bars, and line stopper fittings for use in gas systems; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.
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