Brokerages Anticipate Mueller Water Products (MWA) to Announce $0.06 Earnings Per Share

Brokerages predict that Mueller Water Products (NYSE:MWA) will post $0.06 earnings per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Mueller Water Products’ earnings. The highest EPS estimate is $0.07 and the lowest is $0.03. Mueller Water Products reported earnings of $0.03 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 100%. The business is expected to report its next earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Mueller Water Products will report full-year earnings of $0.53 per share for the current financial year, with EPS estimates ranging from $0.48 to $0.59. For the next fiscal year, analysts anticipate that the business will report earnings of $0.63 per share, with EPS estimates ranging from $0.55 to $0.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Mueller Water Products.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. Mueller Water Products had a net margin of 14.93% and a return on equity of 15.43%. The firm had revenue of $226.90 million during the quarter, compared to analysts’ expectations of $227.14 million. During the same period last year, the business earned $0.17 earnings per share. Mueller Water Products’s revenue was up 5.2% compared to the same quarter last year.

A number of equities research analysts have weighed in on MWA shares. Robert W. Baird reiterated a “hold” rating and set a $14.00 price target on shares of Mueller Water Products in a research report on Friday, November 10th. Boenning Scattergood upgraded shares of Mueller Water Products from a “neutral” rating to an “outperform” rating and set a $14.00 price target for the company in a research report on Tuesday, September 5th. Royal Bank Of Canada reiterated a “buy” rating and set a $14.00 price target on shares of Mueller Water Products in a research report on Wednesday, October 11th. BidaskClub cut shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Cowen reissued a “hold” rating and issued a $12.00 price objective on shares of Mueller Water Products in a research note on Thursday, September 21st. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $13.75.

Shares of Mueller Water Products (NYSE:MWA) opened at $12.25 on Friday. Mueller Water Products has a 12-month low of $10.84 and a 12-month high of $14.20. The stock has a market cap of $1,933.09, a PE ratio of 28.44, a P/E/G ratio of 1.54 and a beta of 1.33. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.75 and a current ratio of 4.73.

The company also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Friday, November 10th were paid a $0.04 dividend. The ex-dividend date was Thursday, November 9th. This represents a $0.16 dividend on an annualized basis and a yield of 1.31%. Mueller Water Products’s dividend payout ratio is currently 21.05%.

In related news, CFO Evan Hart sold 167,016 shares of Mueller Water Products stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $12.11, for a total value of $2,022,563.76. Following the completion of the transaction, the chief financial officer now owns 355,862 shares in the company, valued at $4,309,488.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gregory E. Hyland sold 142,243 shares of Mueller Water Products stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $12.37, for a total transaction of $1,759,545.91. Following the completion of the transaction, the insider now owns 979,481 shares of the company’s stock, valued at approximately $12,116,179.97. The disclosure for this sale can be found here. Insiders sold 693,656 shares of company stock valued at $8,514,160 in the last quarter. 4.30% of the stock is owned by insiders.

Several large investors have recently modified their holdings of MWA. Gamco Investors INC. ET AL lifted its position in shares of Mueller Water Products by 32.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,758,490 shares of the industrial products company’s stock worth $78,939,000 after buying an additional 1,654,510 shares during the last quarter. Earnest Partners LLC increased its holdings in shares of Mueller Water Products by 18.2% in the 2nd quarter. Earnest Partners LLC now owns 8,136,500 shares of the industrial products company’s stock valued at $95,034,000 after acquiring an additional 1,251,546 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Mueller Water Products in the 2nd quarter valued at $8,803,000. Dimensional Fund Advisors LP increased its holdings in shares of Mueller Water Products by 13.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,306,195 shares of the industrial products company’s stock valued at $73,657,000 after acquiring an additional 745,251 shares during the period. Finally, Jennison Associates LLC increased its holdings in shares of Mueller Water Products by 45.0% in the 3rd quarter. Jennison Associates LLC now owns 2,348,643 shares of the industrial products company’s stock valued at $30,063,000 after acquiring an additional 729,104 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

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Mueller Water Products Company Profile

Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co, Anvil and Mueller Technologies. The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.

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Earnings History and Estimates for Mueller Water Products (NYSE:MWA)

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