Mueller Water Products (MWA) Set to Announce Quarterly Earnings on Monday

Mueller Water Products (NYSE:MWA) will be issuing its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Friday, February 9th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The company had revenue of $256.40 million during the quarter, compared to the consensus estimate of $250.64 million. Mueller Water Products had a net margin of 6.35% and a return on equity of 13.86%. The firm’s revenue was down 18.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 EPS. 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 Performance

Mueller Water Products stock opened at $16.23 on Friday. The company has a quick ratio of 1.89, a current ratio of 3.29 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $2.53 billion, a PE ratio of 32.46, a P/E/G ratio of 1.97 and a beta of 1.33. The firm has a fifty day simple moving average of $15.69 and a two-hundred day simple moving average of $14.46. Mueller Water Products has a twelve month low of $12.11 and a twelve month high of $16.93.

Mueller Water Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Friday, May 10th will be paid a $0.064 dividend. This represents a $0.26 annualized dividend and a yield of 1.58%. The ex-dividend date is Thursday, May 9th. Mueller Water Products’s dividend payout ratio is presently 52.00%.

Insider Buying and Selling at Mueller Water Products

In other Mueller Water Products news, SVP Todd P. Helms sold 37,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $15.15, for a total value of $560,550.00. Following the transaction, the senior vice president now owns 41,181 shares in the company, valued at $623,892.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Todd P. Helms sold 37,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $15.15, for a total transaction of $560,550.00. Following the transaction, the senior vice president now owns 41,181 shares in the company, valued at $623,892.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Suzanne G. Smith sold 2,800 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $15.09, for a total transaction of $42,252.00. Following the transaction, the chief accounting officer now owns 3,208 shares in the company, valued at approximately $48,408.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,458 shares of company stock worth $1,052,260. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MWA has been the subject of several recent research reports. Oppenheimer raised shares of Mueller Water Products from a “market perform” rating to an “outperform” rating and set a $19.00 price target for the company in a research note on Thursday, April 18th. Royal Bank of Canada boosted their price target on shares of Mueller Water Products from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Monday, February 12th. The Goldman Sachs Group boosted their price target on shares of Mueller Water Products from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 13th. Finally, StockNews.com cut shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $17.50.

About Mueller Water Products

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.