Equities research analysts expect Mueller Water Products, Inc. (NYSE:MWA) to announce $196.24 million in sales for the current quarter, according to Zacks. Six analysts have made estimates for Mueller Water Products’ earnings. The lowest sales estimate is $188.82 million and the highest is $210.00 million. Mueller Water Products posted sales of $178.30 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10.1%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 7th.
On average, analysts expect that Mueller Water Products will report full year sales of $1.00 billion for the current fiscal year, with estimates ranging from $966.00 million to $1.03 billion. For the next financial year, analysts forecast that the business will post sales of $1.05 billion, with estimates ranging from $1.01 billion to $1.11 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Mueller Water Products.
Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Monday, November 5th. The industrial products company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. Mueller Water Products had a net margin of 11.53% and a return on equity of 15.84%. The firm had revenue of $254.30 million during the quarter, compared to analysts’ expectations of $239.79 million. During the same quarter in the previous year, the company posted $0.15 EPS. Mueller Water Products’s revenue was up 12.1% on a year-over-year basis.
Several research analysts recently weighed in on the stock. Oppenheimer restated a “buy” rating on shares of Mueller Water Products in a research report on Monday, November 5th. DA Davidson restated a “neutral” rating on shares of Mueller Water Products in a research report on Friday, July 20th. Zacks Investment Research upgraded shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Nomura dropped their price objective on shares of Mueller Water Products from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, September 12th. Finally, Seaport Global Securities cut 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 analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Mueller Water Products has an average rating of “Hold” and a consensus price target of $13.25.
MWA stock traded down $0.03 during trading on Thursday, hitting $10.90. The company had a trading volume of 543,200 shares, compared to its average volume of 931,560. The company has a debt-to-equity ratio of 0.83, a current ratio of 5.13 and a quick ratio of 3.91. Mueller Water Products has a 12 month low of $9.59 and a 12 month high of $12.96. The stock has a market capitalization of $1.78 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 1.37 and a beta of 1.10.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Friday, November 9th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, November 8th. Mueller Water Products’s payout ratio is 37.74%.
Institutional investors have recently modified their holdings of the business. Blair William & Co. IL bought a new stake in shares of Mueller Water Products during the 3rd quarter valued at $115,000. Fortaleza Asset Management Inc. bought a new stake in shares of Mueller Water Products during the 2nd quarter valued at $128,000. Oppenheimer & Co. Inc. bought a new stake in shares of Mueller Water Products during the 3rd quarter valued at $147,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Mueller Water Products during the 2nd quarter valued at $157,000. Finally, Signaturefd LLC bought a new stake in shares of Mueller Water Products during the 2nd quarter valued at $171,000. Institutional investors own 86.33% 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 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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