Mueller Water Products (MWA) to Post FY2017 Earnings of $0.45 Per Share, Northcoast Research Forecasts
Mueller Water Products (NYSE:MWA) – Equities research analysts at Northcoast Research reduced their FY2017 earnings per share estimates for Mueller Water Products in a report issued on Friday. Northcoast Research analyst A. Cohen now expects that the industrial products company will post earnings per share of $0.45 for the year, down from their previous estimate of $0.46. Northcoast Research also issued estimates for Mueller Water Products’ Q4 2017 earnings at $0.16 EPS, Q1 2018 earnings at $0.07 EPS, Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.17 EPS and FY2018 earnings at $0.58 EPS.
Other equities analysts also recently issued reports about the stock. Robert W. Baird reiterated a “hold” rating and issued a $13.00 target price on shares of Mueller Water Products in a report on Friday. BidaskClub upgraded shares of Mueller Water Products from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Zacks Investment Research downgraded shares of Mueller Water Products from a “hold” rating to a “sell” rating in a report on Friday, July 21st. Oppenheimer Holdings, Inc. set a $13.00 price target on Mueller Water Products and gave the stock a “buy” rating in a research note on Monday, July 31st. Finally, Boenning Scattergood upgraded Mueller Water Products from a “neutral” rating to an “outperform” rating and set a $14.00 price target on the stock in a research note on Tuesday, September 5th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $13.88.
Shares of Mueller Water Products (NYSE MWA) opened at 12.08 on Monday. Mueller Water Products has a 12 month low of $10.45 and a 12 month high of $14.20. The stock has a market capitalization of $1.92 billion, a P/E ratio of 15.01 and a beta of 1.36. The company’s 50-day moving average is $11.79 and its 200 day moving average is $11.71.
Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.16 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. Mueller Water Products had a net margin of 14.47% and a return on equity of 16.85%. The company had revenue of $232.20 million for the quarter, compared to the consensus estimate of $235.07 million. During the same period in the prior year, the firm posted $0.15 EPS. Mueller Water Products’s revenue for the quarter was up 3.3% on a year-over-year basis.
Several hedge funds have recently modified their holdings of the company. WFG Advisors LP grew its stake in shares of Mueller Water Products by 16.1% during the second quarter. WFG Advisors LP now owns 51,342 shares of the industrial products company’s stock worth $600,000 after acquiring an additional 7,133 shares during the last quarter. Colony Group LLC purchased a new stake in shares of Mueller Water Products during the second quarter worth about $135,000. Koch Industries Inc. purchased a new stake in shares of Mueller Water Products during the second quarter worth about $190,000. Robecosam AG purchased a new stake in shares of Mueller Water Products during the second quarter worth about $4,357,000. Finally, Ameritas Investment Partners Inc. grew its stake in shares of Mueller Water Products by 2.0% during the second quarter. Ameritas Investment Partners Inc. now owns 13,730 shares of the industrial products company’s stock worth $160,000 after acquiring an additional 266 shares during the last quarter. Institutional investors and hedge funds own 84.73% of the company’s stock.
In other news, Director Shirley C. Franklin sold 9,156 shares of the business’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 owns 39,157 shares in the company, valued at $446,389.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.30% of the stock is currently owned by insiders.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Friday, August 11th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.32%. Mueller Water Products’s payout ratio is 20.00%.
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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