Wall Street analysts predict that Mueller Water Products, Inc. (NYSE:MWA) will post earnings of $0.07 per share for the current quarter, Zacks reports. Six analysts have provided estimates for Mueller Water Products’ earnings, with estimates ranging from $0.06 to $0.09. Mueller Water Products posted earnings of $0.06 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.7%. The business is scheduled to announce its next quarterly earnings results on Thursday, February 7th.
According to Zacks, analysts expect that Mueller Water Products will report full year earnings of $0.62 per share for the current fiscal year, with EPS estimates ranging from $0.59 to $0.70. For the next fiscal year, analysts forecast that the firm will post earnings of $0.74 per share, with EPS estimates ranging from $0.65 to $0.83. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Mueller Water Products.
Mueller Water Products (NYSE:MWA) last issued its earnings results on Monday, November 5th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.17. The firm had revenue of $254.30 million during the quarter, compared to analyst estimates of $239.79 million. Mueller Water Products had a net margin of 11.53% and a return on equity of 15.62%. The business’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 earnings per share.
A number of brokerages have recently issued reports on MWA. Zacks Investment Research raised shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Wednesday, September 26th. Berenberg Bank began coverage on shares of Mueller Water Products in a research note on Wednesday, October 3rd. They set a “buy” rating and a $15.00 target price for the company. Finally, Oppenheimer reissued a “buy” rating on shares of Mueller Water Products in a research note on Monday, November 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $12.42.
Shares of MWA traded down $0.04 during trading hours on Monday, reaching $9.53. 10,084 shares of the company traded hands, compared to its average volume of 613,300. The firm has a market capitalization of $1.49 billion, a P/E ratio of 18.00, a P/E/G ratio of 1.14 and a beta of 1.14. Mueller Water Products has a 12-month low of $8.47 and a 12-month high of $12.83. The company has a current ratio of 4.10, a quick ratio of 3.17 and a debt-to-equity ratio of 0.79.
In related news, Director Lydia W. Thomas sold 9,546 shares of the company’s stock in a transaction dated Tuesday, November 27th. The shares were sold at an average price of $10.50, for a total value of $100,233.00. Following the completion of the sale, the director now directly owns 83,193 shares of the company’s stock, valued at $873,526.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Hassan Ali sold 46,737 shares of the company’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $10.54, for a total transaction of $492,607.98. Following the completion of the sale, the senior vice president now directly owns 14,057 shares of the company’s stock, valued at $148,160.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,416 shares of company stock valued at $1,155,915. 1.70% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the business. Teachers Advisors LLC lifted its position in shares of Mueller Water Products by 1.1% during the third quarter. Teachers Advisors LLC now owns 312,604 shares of the industrial products company’s stock valued at $3,598,000 after buying an additional 3,517 shares during the last quarter. Comerica Bank lifted its position in shares of Mueller Water Products by 2.0% during the third quarter. Comerica Bank now owns 245,587 shares of the industrial products company’s stock valued at $2,569,000 after buying an additional 4,781 shares during the last quarter. Insight 2811 Inc. lifted its position in shares of Mueller Water Products by 7.0% during the third quarter. Insight 2811 Inc. now owns 73,351 shares of the industrial products company’s stock valued at $844,000 after buying an additional 4,789 shares during the last quarter. Manning & Napier Group LLC lifted its position in shares of Mueller Water Products by 2.8% during the third quarter. Manning & Napier Group LLC now owns 179,424 shares of the industrial products company’s stock valued at $2,064,000 after buying an additional 4,854 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. lifted its position in shares of Mueller Water Products by 5.9% during the third quarter. Guyasuta Investment Advisors Inc. now owns 89,296 shares of the industrial products company’s stock valued at $1,028,000 after buying an additional 5,000 shares during the last quarter. 85.68% of the stock is owned by institutional investors and hedge funds.
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 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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