Analysts expect that Mueller Water Products, Inc. (NYSE:MWA) will report earnings of $0.06 per share for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Mueller Water Products’ earnings, with the lowest EPS estimate coming in at $0.05 and the highest estimate coming in at $0.07. Mueller Water Products posted earnings per share of $0.03 in the same quarter last year, which suggests a positive year over year growth rate of 100%. The firm is scheduled to report its next earnings results on Thursday, February 1st.
On average, analysts expect that Mueller Water Products will report full year earnings of $0.54 per share for the current year, with EPS estimates ranging from $0.48 to $0.66. For the next fiscal year, analysts expect that the firm will post earnings of $0.63 per share, with EPS estimates ranging from $0.55 to $0.79. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Mueller Water Products.
Mueller Water Products (NYSE:MWA) last announced its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. The business had revenue of $226.90 million during the quarter, compared to analyst estimates of $227.14 million. Mueller Water Products had a return on equity of 15.43% and a net margin of 14.93%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 EPS.
Several brokerages have recently issued reports on MWA. Oppenheimer reiterated an “outperform” rating and set a $15.00 price target on shares of Mueller Water Products in a report on Thursday, December 28th. They noted that the move was a valuation call. Cowen reiterated a “hold” rating and set a $12.00 price target on shares of Mueller Water Products in a report on Thursday, September 21st. Boenning Scattergood reiterated a “buy” rating and set a $14.00 price target on shares of Mueller Water Products in a report on Thursday, November 2nd. Robert W. Baird reiterated a “hold” rating and set a $14.00 price target on shares of Mueller Water Products in a report on Friday, November 10th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $14.00 price target on shares of Mueller Water Products in a report on Wednesday, October 11th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $14.00.
In related news, CFO Evan Hart sold 49,883 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $12.28, for a total value of $612,563.24. Following the completion of the sale, the chief financial officer now directly owns 145,530 shares in the company, valued at approximately $1,787,108.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Gregory E. Hyland sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $12.27, for a total value of $613,500.00. Following the completion of the sale, the chairman now owns 979,481 shares of the company’s stock, valued at $12,018,231.87. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 693,656 shares of company stock valued at $8,514,160. Corporate insiders own 3.00% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of MWA. Earnest Partners LLC lifted its holdings in Mueller Water Products by 18.2% in the 2nd quarter. Earnest Partners LLC now owns 8,136,500 shares of the industrial products company’s stock worth $95,034,000 after purchasing an additional 1,251,546 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Mueller Water Products during the second quarter worth approximately $8,803,000. Dimensional Fund Advisors LP lifted its holdings in shares of Mueller Water Products by 13.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,306,195 shares of the industrial products company’s stock worth $73,657,000 after buying an additional 745,251 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Mueller Water Products by 45.0% during the third quarter. Jennison Associates LLC now owns 2,348,643 shares of the industrial products company’s stock worth $30,063,000 after buying an additional 729,104 shares during the last quarter. Finally, Nordea Investment Management AB acquired a new position in shares of Mueller Water Products during the second quarter worth approximately $5,969,000. Hedge funds and other institutional investors own 84.03% of the company’s stock.
Shares of Mueller Water Products (MWA) opened at $12.24 on Thursday. The stock has a market capitalization of $1,950.00, a PE ratio of 36.00, a PEG ratio of 1.56 and a beta of 1.33. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.75 and a current ratio of 4.73. Mueller Water Products has a 1-year low of $10.84 and a 1-year high of $14.02.
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About Mueller Water Products
Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co, Anvil and Mueller Technologies. The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.
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