Q4 2017 EPS Estimates for MUELLER WATER PRODUCTS Cut by Analyst (NYSE:MWA)
MUELLER WATER PRODUCTS (NYSE:MWA) – Investment analysts at Oppenheimer Holdings lowered their Q4 2017 earnings per share (EPS) estimates for shares of MUELLER WATER PRODUCTS in a research report issued on Monday. Oppenheimer Holdings analyst J. Giannakouros now anticipates that the industrial products company will earn $0.15 per share for the quarter, down from their previous forecast of $0.16. Oppenheimer Holdings has a “Buy” rating and a $13.00 price target on the stock. Oppenheimer Holdings also issued estimates for MUELLER WATER PRODUCTS’s FY2019 earnings at $0.68 EPS.
MUELLER WATER PRODUCTS (NYSE:MWA) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.16 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.16. MUELLER WATER PRODUCTS had a return on equity of 17.17% and a net margin of 14.47%. The firm had revenue of $232.20 million for the quarter, compared to analysts’ expectations of $235.07 million. During the same period in the previous year, the firm earned $0.15 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis.
Other research analysts have also issued reports about the company. Nomura started coverage on MUELLER WATER PRODUCTS in a report on Wednesday, April 12th. They issued a “buy” rating and a $15.00 price objective on the stock. Zacks Investment Research raised MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Tuesday, April 11th. CIBC reaffirmed a “buy” rating on shares of MUELLER WATER PRODUCTS in a report on Wednesday, May 10th. Finally, BidaskClub raised MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating in a report on Friday, June 30th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $14.00.
MUELLER WATER PRODUCTS (NYSE MWA) opened at 12.17 on Tuesday. MUELLER WATER PRODUCTS has a 52-week low of $10.45 and a 52-week high of $14.20. The stock’s 50 day moving average price is $11.48 and its 200-day moving average price is $11.92. The stock has a market capitalization of $1.94 billion, a PE ratio of 16.42 and a beta of 1.37.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Friday, August 11th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.31%. The ex-dividend date is Wednesday, August 9th. MUELLER WATER PRODUCTS’s dividend payout ratio (DPR) is 20.00%.
In related news, Director Shirley C. Franklin sold 9,156 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $11.40, for a total transaction of $104,378.40. Following the sale, the director now directly owns 39,157 shares of the company’s stock, valued at $446,389.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Bernard G. Rethore sold 56,400 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $11.23, for a total value of $633,372.00. Following the sale, the director now directly owns 27,303 shares in the company, valued at $306,612.69. The disclosure for this sale can be found here. 4.30% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Marshall Wace North America L.P. bought a new stake in MUELLER WATER PRODUCTS during the first quarter valued at approximately $2,143,000. BlackRock Inc. raised its stake in MUELLER WATER PRODUCTS by 14,036.8% in the first quarter. BlackRock Inc. now owns 13,522,561 shares of the industrial products company’s stock valued at $159,837,000 after buying an additional 13,426,906 shares during the period. TD Asset Management Inc. raised its stake in MUELLER WATER PRODUCTS by 3.9% in the first quarter. TD Asset Management Inc. now owns 80,200 shares of the industrial products company’s stock valued at $948,000 after buying an additional 3,000 shares during the period. Daiwa Securities Group Inc. bought a new stake in MUELLER WATER PRODUCTS during the first quarter valued at approximately $1,297,000. Finally, Stifel Financial Corp raised its stake in MUELLER WATER PRODUCTS by 7.0% in the first quarter. Stifel Financial Corp now owns 45,552 shares of the industrial products company’s stock valued at $536,000 after buying an additional 2,978 shares during the period. 88.70% of the stock is currently owned by hedge funds and other institutional investors.
About MUELLER WATER PRODUCTS
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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