Mueller Water Products (NYSE:MWA) will be announcing its earnings results after the market closes on Monday, November 5th. Analysts expect Mueller Water Products to post earnings of $0.17 per share for the quarter.
Mueller Water Products (NYSE:MWA) last released its earnings results on Monday, August 6th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.19. Mueller Water Products had a net margin of 11.24% and a return on equity of 15.67%. The company had revenue of $250.20 million for the quarter, compared to the consensus estimate of $246.01 million. During the same quarter in the previous year, the company earned $0.16 EPS. Mueller Water Products’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts expect Mueller Water Products to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Mueller Water Products stock opened at $10.62 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.91 and a current ratio of 5.13. Mueller Water Products has a 12-month low of $9.59 and a 12-month high of $12.96. The firm has a market cap of $1.63 billion, a P/E ratio of 24.14, a P/E/G ratio of 1.07 and a beta of 1.06.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Friday, November 9th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.88%. Mueller Water Products’s payout ratio is presently 45.45%.
A number of research firms recently issued reports on MWA. Oppenheimer reiterated a “buy” rating and set a $14.00 target price on shares of Mueller Water Products in a research report on Monday, August 6th. DA Davidson reiterated a “neutral” rating on shares of Mueller Water Products in a research report on Friday, July 20th. Zacks Investment Research downgraded shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Finally, Seaport Global Securities downgraded shares of Mueller Water Products from a “buy” rating to a “neutral” rating and dropped their target price for the company from $15.00 to $12.50 in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $13.36.
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 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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