Wall Street brokerages expect Mueller Water Products Inc (NYSE:MWA) to report $0.10 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Mueller Water Products’ earnings. The lowest EPS estimate is $0.07 and the highest is $0.14. Mueller Water Products posted earnings of $0.09 per share in the same quarter last year, which would indicate a positive year over year growth rate of 11.1%. The business is scheduled to announce its next quarterly earnings results after the market closes on Thursday, April 26th.
According to Zacks, 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 $0.45 to $0.65. For the next year, analysts anticipate that the business will report earnings of $0.65 per share, with EPS estimates ranging from $0.55 to $0.79. Zacks’ earnings per share 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 Thursday, February 1st. The industrial products company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $178.30 million during the quarter, compared to analysts’ expectations of $176.13 million. Mueller Water Products had a net margin of 20.51% and a return on equity of 15.25%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 earnings per share.
MWA has been the subject of a number of analyst reports. Cowen restated a “sell” rating and set a $10.00 price target on shares of Mueller Water Products in a research note on Monday, April 2nd. Oppenheimer restated an “outperform” rating and set a $15.00 price target on shares of Mueller Water Products in a research note on Thursday, December 28th. They noted that the move was a valuation call. Boenning Scattergood cut shares of Mueller Water Products from an “outperform” rating to a “neutral” rating in a research note on Friday, February 2nd. Finally, Nomura cut their target price on shares of Mueller Water Products from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $13.57.
Several large investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB bought a new position in shares of Mueller Water Products in the fourth quarter valued at approximately $345,000. Vanguard Capital Wealth Advisors bought a new position in shares of Mueller Water Products in the fourth quarter valued at approximately $167,000. MetLife Investment Advisors LLC bought a new position in shares of Mueller Water Products in the fourth quarter valued at approximately $820,000. Gotham Asset Management LLC raised its stake in shares of Mueller Water Products by 10.7% in the fourth quarter. Gotham Asset Management LLC now owns 306,476 shares of the industrial products company’s stock valued at $3,840,000 after acquiring an additional 29,629 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Mueller Water Products in the fourth quarter valued at approximately $183,000. Institutional investors own 87.21% of the company’s stock.
Shares of MWA opened at $10.23 on Monday. The stock has a market cap of $1,624.05, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 1.25 and a beta of 1.19. 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 12 month low of $10.01 and a 12 month high of $12.99.
The company also recently announced a quarterly dividend, which will be paid on Monday, May 21st. Stockholders of record on Thursday, May 10th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Wednesday, May 9th. Mueller Water Products’s dividend payout ratio (DPR) is currently 45.45%.
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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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