Equities research analysts forecast that Mueller Water Products, Inc. (NYSE:MWA) will report $0.20 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Mueller Water Products’ earnings. The highest EPS estimate is $0.22 and the lowest is $0.19. Mueller Water Products posted earnings of $0.17 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 17.6%. The firm is scheduled to report its next quarterly earnings results on Monday, November 4th.
On average, analysts expect that Mueller Water Products will report full-year earnings of $0.63 per share for the current fiscal year, with EPS estimates ranging from $0.62 to $0.63. For the next year, analysts forecast that the firm will report earnings of $0.69 per share, with EPS estimates ranging from $0.60 to $0.78. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Mueller Water Products.
Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data on Monday, August 5th. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. Mueller Water Products had a return on equity of 17.10% and a net margin of 5.09%. The business had revenue of $274.30 million for the quarter, compared to the consensus estimate of $274.96 million. During the same period in the prior year, the business posted $0.19 earnings per share. The company’s quarterly revenue was up 9.6% compared to the same quarter last year.
Several brokerages have recently weighed in on MWA. Goldman Sachs Group downgraded Mueller Water Products from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $10.00 to $8.00 in a report on Wednesday, June 26th. Boenning Scattergood upgraded Mueller Water Products from a “neutral” rating to an “outperform” rating in a report on Tuesday, August 6th. Zacks Investment Research upgraded Mueller Water Products from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Saturday, August 24th. ValuEngine upgraded Mueller Water Products from a “sell” rating to a “hold” rating in a report on Friday, August 16th. Finally, Seaport Global Securities set a $12.00 price target on Mueller Water Products and gave the stock a “buy” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $12.00.
MWA stock traded up $0.09 during midday trading on Friday, reaching $10.98. 1,940,501 shares of the company traded hands, compared to its average volume of 641,628. Mueller Water Products has a 52-week low of $8.47 and a 52-week high of $12.17. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.00 and a current ratio of 3.15. The business has a 50 day moving average of $10.36 and a 200-day moving average of $10.07. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 20.72, a P/E/G ratio of 1.16 and a beta of 1.06.
In other Mueller Water Products news, EVP Gregory Rogowski sold 85,839 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $10.06, for a total transaction of $863,540.34. Following the transaction, the executive vice president now directly owns 425,473 shares in the company, valued at approximately $4,280,258.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arsdell Stephen C. Van acquired 10,000 shares of Mueller Water Products stock in a transaction on Friday, August 9th. The shares were purchased at an average price of $10.10 per share, for a total transaction of $101,000.00. Following the completion of the acquisition, the director now directly owns 32,000 shares in the company, valued at $323,200. The disclosure for this purchase can be found here. Corporate insiders own 1.70% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Mueller Water Products by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 14,252,157 shares of the industrial products company’s stock worth $139,957,000 after purchasing an additional 105,246 shares during the period. Impax Asset Management Group plc increased its holdings in Mueller Water Products by 24.1% during the 2nd quarter. Impax Asset Management Group plc now owns 11,220,838 shares of the industrial products company’s stock worth $110,189,000 after purchasing an additional 2,177,793 shares during the period. Amundi Pioneer Asset Management Inc. increased its holdings in Mueller Water Products by 52.0% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 3,307,166 shares of the industrial products company’s stock worth $199,604,000 after purchasing an additional 1,131,787 shares during the period. Cramer Rosenthal Mcglynn LLC increased its holdings in Mueller Water Products by 12.9% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 2,540,121 shares of the industrial products company’s stock worth $24,944,000 after purchasing an additional 291,200 shares during the period. Finally, Invesco Ltd. increased its holdings in Mueller Water Products by 5.2% during the 2nd quarter. Invesco Ltd. now owns 2,227,820 shares of the industrial products company’s stock worth $21,877,000 after purchasing an additional 110,391 shares during the period. Institutional investors own 86.85% 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 in two segments, Infrastructure and Technologies. The Infrastructure segment offers valves for water and gas systems, including butterfly, iron gate, 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; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.
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