Brokerages forecast that Mueller Water Products, Inc. (NYSE:MWA) will post earnings of $0.13 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Mueller Water Products’ earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.15. Mueller Water Products posted earnings of $0.12 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3%. The firm is scheduled to report its next earnings report on Monday, May 4th.
According to Zacks, analysts expect that Mueller Water Products will report full year earnings of $0.63 per share for the current year, with EPS estimates ranging from $0.60 to $0.68. For the next year, analysts forecast that the firm will report earnings of $0.71 per share, with EPS estimates ranging from $0.67 to $0.75. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Mueller Water Products.
Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. Mueller Water Products had a return on equity of 17.09% and a net margin of 9.63%. The firm had revenue of $212.60 million for the quarter, compared to analyst estimates of $203.56 million. During the same period last year, the company earned $0.07 EPS. The business’s quarterly revenue was up 10.3% compared to the same quarter last year.
Several brokerages have recently issued reports on MWA. Boenning Scattergood cut shares of Mueller Water Products from an “outperform” rating to a “neutral” rating in a research report on Monday, March 16th. Janney Montgomery Scott reaffirmed a “buy” rating on shares of Mueller Water Products in a research report on Wednesday, February 5th. ValuEngine raised shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Oppenheimer restated a “buy” rating on shares of Mueller Water Products in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada downgraded Mueller Water Products from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $13.00 to $12.00 in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Mueller Water Products presently has a consensus rating of “Hold” and an average target price of $11.80.
In related news, Director Bernard G. Rethore bought 10,000 shares of Mueller Water Products stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average price of $10.90 per share, with a total value of $109,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jerry W. Kolb sold 22,059 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $12.01, for a total value of $264,928.59. Following the sale, the director now directly owns 26,923 shares in the company, valued at approximately $323,345.23. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of MWA. Norges Bank acquired a new position in Mueller Water Products during the 4th quarter worth approximately $53,971,000. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Mueller Water Products by 24.2% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 4,097,182 shares of the industrial products company’s stock valued at $49,104,000 after purchasing an additional 798,871 shares during the last quarter. State Street Corp grew its stake in Mueller Water Products by 1.9% during the 3rd quarter. State Street Corp now owns 3,406,464 shares of the industrial products company’s stock worth $38,289,000 after buying an additional 64,664 shares during the last quarter. Millennium Management LLC grew its position in shares of Mueller Water Products by 33,427.4% during the third quarter. Millennium Management LLC now owns 2,997,016 shares of the industrial products company’s stock worth $33,686,000 after acquiring an additional 2,988,077 shares during the last quarter. Finally, Eaton Vance Management increased its stake in shares of Mueller Water Products by 29.9% in the fourth quarter. Eaton Vance Management now owns 2,897,939 shares of the industrial products company’s stock valued at $34,717,000 after purchasing an additional 666,658 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE MWA opened at $8.59 on Monday. The firm has a 50 day moving average of $10.75 and a 200 day moving average of $11.30. The company has a current ratio of 4.11, a quick ratio of 2.39 and a debt-to-equity ratio of 0.75. Mueller Water Products has a 12-month low of $6.64 and a 12-month high of $12.71. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 1.30 and a beta of 1.10.
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 in two segments, Infrastructure and Technologies. The Infrastructure segment offers valves for water and gas systems, including butterfly, iron gate, 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; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.
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