Mueller Water Products, Inc. (MWA) Expected to Announce Earnings of $0.17 Per Share

Equities analysts expect Mueller Water Products, Inc. (NYSE:MWA) to announce $0.17 earnings per share for the current quarter, according to Zacks. Six analysts have made estimates for Mueller Water Products’ earnings. The highest EPS estimate is $0.21 and the lowest is $0.16. Mueller Water Products reported earnings per share of $0.15 in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.3%. The company is scheduled to issue its next quarterly earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Mueller Water Products will report full-year earnings of $0.52 per share for the current fiscal year, with EPS estimates ranging from $0.40 to $0.57. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.64 per share, with EPS estimates ranging from $0.58 to $0.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Mueller Water Products.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Monday, August 6th. The industrial products company reported $0.19 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.19. Mueller Water Products had a return on equity of 15.67% and a net margin of 11.24%. The company had revenue of $250.20 million for the quarter, compared to analysts’ expectations of $246.01 million. During the same period in the previous year, the firm earned $0.16 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year.

A number of research analysts recently commented on MWA shares. ValuEngine cut Mueller Water Products from a “hold” rating to a “sell” rating in a report on Tuesday, April 24th. Boenning Scattergood reaffirmed a “hold” rating on shares of Mueller Water Products in a report on Tuesday, May 8th. Zacks Investment Research raised Mueller Water Products from a “sell” rating to a “hold” rating in a report on Friday, May 11th. Seaport Global Securities reaffirmed a “buy” rating on shares of Mueller Water Products in a report on Wednesday, May 9th. Finally, DA Davidson reaffirmed a “neutral” rating on shares of Mueller Water Products in a report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Mueller Water Products currently has an average rating of “Hold” and an average price target of $13.44.

NYSE MWA traded up $0.04 during trading hours on Friday, reaching $11.70. The company’s stock had a trading volume of 607,618 shares, compared to its average volume of 731,391. The company has a current ratio of 5.13, a quick ratio of 4.38 and a debt-to-equity ratio of 0.83. Mueller Water Products has a 1 year low of $9.59 and a 1 year high of $12.99. The stock has a market cap of $1.84 billion, a PE ratio of 26.59, a P/E/G ratio of 1.44 and a beta of 1.11.

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.71%. Mueller Water Products’s dividend payout ratio (DPR) is 45.45%.

Several institutional investors and hedge funds have recently modified their holdings of MWA. First Republic Investment Management Inc. purchased a new stake in shares of Mueller Water Products during the 1st quarter worth approximately $126,000. Fortaleza Asset Management Inc. bought a new position in shares of Mueller Water Products during the 2nd quarter valued at approximately $128,000. Highbridge Capital Management LLC bought a new position in shares of Mueller Water Products during the 1st quarter valued at approximately $133,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Mueller Water Products during the 2nd quarter valued at approximately $157,000. Finally, Point72 Asia Hong Kong Ltd increased its position in shares of Mueller Water Products by 1,456.9% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 15,631 shares of the industrial products company’s stock valued at $170,000 after purchasing an additional 14,627 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

About Mueller Water Products

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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