Mueller Water Products, Inc. (NYSE:MWA) Forecasted to Post Q2 2018 Earnings of $0.13 Per Share

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%.

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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.

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Earnings History and Estimates for Mueller Water Products (NYSE:MWA)

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