Mueller Water Products, Inc. (NYSE:MWA) – Analysts at Northcoast Research boosted their Q2 2018 EPS estimates for Mueller Water Products in a note issued to investors on Monday, according to Zacks Investment Research. Northcoast Research analyst A. Cohen now anticipates that the industrial products company will earn $0.13 per share for the quarter, up from their prior estimate of $0.12. Northcoast Research also issued estimates for Mueller Water Products’ Q4 2018 earnings at $0.20 EPS, FY2018 earnings at $0.60 EPS, Q1 2019 earnings at $0.07 EPS, Q2 2019 earnings at $0.15 EPS, Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $0.23 EPS and FY2019 earnings at $0.70 EPS.
A number of other brokerages also recently weighed in on MWA. Oppenheimer reissued an “outperform” rating and issued a $15.00 price objective on shares of Mueller Water Products in a research note on Thursday, December 28th. They noted that the move was a valuation call. Cowen downgraded Mueller Water Products from a “market perform” rating to an “underperform” rating and set a $11.00 price objective on the stock. in a research note on Friday, January 19th. Robert W. Baird reissued a “hold” rating and issued a $14.00 price objective on shares of Mueller Water Products in a research note on Friday, November 10th. Boenning Scattergood reaffirmed a “buy” rating and issued a $14.00 price target on shares of Mueller Water Products in a research report on Thursday, November 2nd. Finally, Nomura dropped their price target on Mueller Water Products from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.88.
Shares of Mueller Water Products (MWA) traded down $0.02 during mid-day trading on Tuesday, hitting $11.00. The company had a trading volume of 159,988 shares, compared to its average volume of 1,281,302. The company has a debt-to-equity ratio of 0.89, a current ratio of 6.19 and a quick ratio of 4.68. Mueller Water Products has a 1-year low of $10.54 and a 1-year high of $12.99. The company has a market cap of $1,744.71, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 1.61 and a beta of 1.20.
Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.06 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.06. Mueller Water Products had a return on equity of 15.25% and a net margin of 20.51%. The company had revenue of $178.30 million during the quarter, compared to the consensus estimate of $176.13 million. During the same period last year, the business earned $0.04 EPS. The business’s quarterly revenue was up 6.6% on a year-over-year basis.
A number of institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. boosted its stake in Mueller Water Products by 2.0% in the second quarter. Ameritas Investment Partners Inc. now owns 13,730 shares of the industrial products company’s stock worth $160,000 after purchasing an additional 266 shares in the last quarter. Amalgamated Bank raised its position in shares of Mueller Water Products by 2.6% during the second quarter. Amalgamated Bank now owns 19,603 shares of the industrial products company’s stock worth $229,000 after acquiring an additional 500 shares during the last quarter. Highlander Capital Management LLC raised its position in shares of Mueller Water Products by 3.8% during the second quarter. Highlander Capital Management LLC now owns 38,300 shares of the industrial products company’s stock worth $453,000 after acquiring an additional 1,400 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Mueller Water Products by 4.5% during the fourth quarter. UBS Asset Management Americas Inc. now owns 106,033 shares of the industrial products company’s stock worth $1,329,000 after acquiring an additional 4,600 shares during the last quarter. Finally, TD Asset Management Inc. raised its position in shares of Mueller Water Products by 5.3% during the third quarter. TD Asset Management Inc. now owns 92,900 shares of the industrial products company’s stock worth $1,189,000 after acquiring an additional 4,700 shares during the last quarter. 83.61% of the stock is currently owned by institutional investors.
In related news, CFO Evan Hart sold 49,883 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 145,530 shares of the company’s stock, valued at approximately $1,787,108.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Gregory E. Hyland sold 50,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were 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 directly owns 979,481 shares in the company, valued at approximately $12,018,231.87. The disclosure for this sale can be found here. Insiders have sold a total of 476,640 shares of company stock worth $5,886,596 in the last three months. 3.00% of the stock is owned by insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Friday, February 9th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Thursday, February 8th. This is a positive change from Mueller Water Products’s previous quarterly dividend of $0.04. Mueller Water Products’s dividend payout ratio (DPR) is presently 18.87%.
WARNING: “Mueller Water Products, Inc. (NYSE:MWA) Forecasted to Post Q2 2018 Earnings of $0.13 Per Share” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.dispatchtribunal.com/2018/02/14/brokers-issue-forecasts-for-mueller-water-products-inc-s-q2-2018-earnings-mwa.html.
Mueller Water Products Company Profile
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.
Get a free copy of the Zacks research report on Mueller Water Products (MWA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Mueller Water Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Water Products and related companies with MarketBeat.com's FREE daily email newsletter.