Mueller Water Products (MWA) Posts Quarterly Earnings Results
Mueller Water Products (NYSE:MWA) posted its quarterly earnings results on Tuesday. The company reported $0.01 EPS for the quarter, AR Network reports. The company had revenue of $257.40 million for the quarter, compared to the consensus estimate of $257.92 million.
Shares of Mueller Water Products (NYSE:MWA) traded up 2.83% on Tuesday, hitting $8.35. The stock had a trading volume of 2,747,855 shares. Mueller Water Products has a 52-week low of $5.37 and a 52-week high of $9.44. The stock has a 50-day moving average of $8.98 and a 200-day moving average of $8.29. The company has a market cap of $1.322 billion and a P/E ratio of 31.97.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, February 20th. Stockholders of record on Monday, February 10th will be paid a dividend of 0.0175 per share. This represents a $0.07 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Thursday, February 6th.
Several analysts have recently commented on the stock. Analysts at Macquarie reiterated an “outperform” rating on shares of Mueller Water Products in a research note to investors on Thursday, December 26th. They now have a $26.00 price target on the stock. On the ratings front, analysts at Cowen and Company initiated coverage on shares of Mueller Water Products in a research note to investors on Tuesday, November 19th. They set a “market perform” rating and a $8.40 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Mueller Water Products from a “sell” rating to a “neutral” rating in a research note to investors on Monday, November 11th. They now have a $9.00 price target on the stock, up previously from $6.40. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $11.18.
Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.