Analysts Expect Mueller Water Products, Inc. (NYSE:MWA) to Post $0.19 EPS

Wall Street brokerages expect that Mueller Water Products, Inc. (NYSE:MWAGet Rating) will post earnings per share (EPS) of $0.19 for the current quarter, according to Zacks. Two analysts have provided estimates for Mueller Water Products’ earnings. The lowest EPS estimate is $0.19 and the highest is $0.20. Mueller Water Products posted earnings of $0.18 per share in the same quarter last year, which would suggest a positive year over year growth rate of 5.6%. The firm is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Mueller Water Products will report full-year earnings of $0.65 per share for the current financial year, with EPS estimates ranging from $0.64 to $0.67. For the next year, analysts expect that the company will report earnings of $0.74 per share, with EPS estimates ranging from $0.72 to $0.76. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Mueller Water Products.

Mueller Water Products (NYSE:MWAGet Rating) last announced its earnings results on Monday, May 2nd. The industrial products company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $310.50 million during the quarter, compared to the consensus estimate of $294.50 million. Mueller Water Products had a return on equity of 13.59% and a net margin of 6.38%. During the same quarter in the prior year, the company earned $0.14 earnings per share.

A number of equities analysts recently commented on the company. TheStreet downgraded Mueller Water Products from a “b” rating to a “c+” rating in a report on Thursday, March 10th. Zacks Investment Research upgraded Mueller Water Products from a “sell” rating to a “hold” rating in a report on Wednesday, February 9th. Finally, StockNews.com upgraded Mueller Water Products from a “hold” rating to a “buy” rating in a report on Friday, May 13th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Mueller Water Products presently has a consensus rating of “Hold” and a consensus target price of $16.67.

In related news, SVP Todd P. Helms sold 3,875 shares of the stock in a transaction on Friday, May 13th. The stock was sold at an average price of $11.63, for a total transaction of $45,066.25. Following the sale, the senior vice president now directly owns 23,590 shares of the company’s stock, valued at $274,351.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven S. Heinrichs sold 17,000 shares of the firm’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $11.54, for a total value of $196,180.00. Following the completion of the transaction, the executive vice president now directly owns 55,316 shares in the company, valued at $638,346.64. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. bought a new stake in Mueller Water Products during the 4th quarter valued at approximately $29,000. Baystate Wealth Management LLC bought a new stake in Mueller Water Products during the 4th quarter valued at approximately $45,000. National Bank of Canada FI bought a new stake in Mueller Water Products in the 4th quarter worth approximately $54,000. Banque Cantonale Vaudoise increased its stake in Mueller Water Products by 43.7% in the 1st quarter. Banque Cantonale Vaudoise now owns 4,245 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 1,291 shares during the last quarter. Finally, Kepos Capital LP bought a new stake in Mueller Water Products in the 4th quarter worth approximately $78,000. 88.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Mueller Water Products stock traded down $0.08 during midday trading on Wednesday, reaching $11.58. 548,442 shares of the company’s stock traded hands, compared to its average volume of 1,094,588. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.07 and a current ratio of 3.21. The company has a market cap of $1.82 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 1.47 and a beta of 1.32. The stock has a 50 day moving average of $12.40 and a 200-day moving average of $13.13. Mueller Water Products has a 12 month low of $11.23 and a 12 month high of $17.37.

The business also recently declared a quarterly dividend, which was paid on Friday, May 20th. Stockholders of record on Tuesday, May 10th were issued a dividend of $0.058 per share. The ex-dividend date of this dividend was Monday, May 9th. This represents a $0.23 annualized dividend and a dividend yield of 2.00%. Mueller Water Products’s payout ratio is presently 47.92%.

Mueller Water Products Company Profile (Get Rating)

Mueller Water Products Inc manufactures and markets products and services used in the transmission, distribution, and measurement of water in North America and internationally. Its products and services are used by municipalities, and the residential and non-residential construction industries. It operates through two segments, Infrastructure and Technologies.

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

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