Analysts forecast that MUELLER WATER PRODUCTS (NYSE:MWA) will post $227.65 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for MUELLER WATER PRODUCTS’s earnings, with the highest sales estimate coming in at $233.00 million and the lowest estimate coming in at $222.00 million. MUELLER WATER PRODUCTS posted sales of $302.50 million during the same quarter last year, which suggests a negative year-over-year growth rate of 24.7%. The company is scheduled to announce its next earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that MUELLER WATER PRODUCTS will report full-year sales of $227.65 million for the current financial year, with estimates ranging from $818.00 million to $836.00 million. For the next year, analysts expect that the firm will post sales of $879.98 million per share, with estimates ranging from $838.00 million to $952.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow MUELLER WATER PRODUCTS.

MUELLER WATER PRODUCTS (NYSE:MWA) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.16 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. MUELLER WATER PRODUCTS had a return on equity of 16.85% and a net margin of 14.47%. The company 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 posted $0.15 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis.

A number of analysts have commented on MWA shares. CIBC reiterated a “buy” rating on shares of MUELLER WATER PRODUCTS in a report on Wednesday, May 10th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of MUELLER WATER PRODUCTS in a report on Tuesday, May 9th. BidaskClub upgraded shares of MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Finally, Zacks Investment Research upgraded shares of MUELLER WATER PRODUCTS from a “sell” rating to a “hold” rating in a report on Friday, August 4th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $14.00.

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In other news, Director Shirley C. Franklin sold 9,156 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $11.40, for a total transaction of $104,378.40. Following the completion of the sale, the director now owns 39,157 shares in the company, valued at approximately $446,389.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bernard G. Rethore sold 56,400 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $11.23, for a total transaction of $633,372.00. Following the sale, the director now owns 27,303 shares of the company’s stock, valued at approximately $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 made changes to their positions in the company. Teacher Retirement System of Texas increased its stake in shares of MUELLER WATER PRODUCTS by 1.5% in the second quarter. Teacher Retirement System of Texas now owns 13,074 shares of the industrial products company’s stock worth $153,000 after buying an additional 191 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of MUELLER WATER PRODUCTS by 2.0% in the second quarter. Ameritas Investment Partners Inc. now owns 13,730 shares of the industrial products company’s stock worth $160,000 after buying an additional 266 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of MUELLER WATER PRODUCTS by 0.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 80,965 shares of the industrial products company’s stock worth $957,000 after buying an additional 413 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of MUELLER WATER PRODUCTS by 1.9% in the second quarter. Oppenheimer & Co. Inc. now owns 23,277 shares of the industrial products company’s stock worth $272,000 after buying an additional 424 shares in the last quarter. Finally, Amalgamated Bank increased its stake in shares of MUELLER WATER PRODUCTS by 2.6% in the second quarter. Amalgamated Bank now owns 19,603 shares of the industrial products company’s stock worth $229,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 89.13% of the company’s stock.

Shares of MUELLER WATER PRODUCTS (MWA) opened at 11.68 on Friday. The firm’s 50-day moving average price is $11.63 and its 200 day moving average price is $11.83. MUELLER WATER PRODUCTS has a 52 week low of $10.45 and a 52 week high of $14.20. The company has a market capitalization of $1.85 billion, a PE ratio of 14.51 and a beta of 1.37.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Friday, August 11th will be issued a $0.04 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.16 dividend on an annualized basis and a yield of 1.37%. MUELLER WATER PRODUCTS’s payout ratio is 20.00%.

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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