MUELLER WATER PRODUCTS (NYSE:MWA) – Equities research analysts at Oppenheimer Holdings cut their FY2017 EPS estimates for MUELLER WATER PRODUCTS in a note issued to investors on Tuesday. Oppenheimer Holdings analyst J. Giannakouros now expects that the industrial products company will post earnings of $0.42 per share for the year, down from their prior estimate of $0.44. 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 Q4 2017 earnings at $0.14 EPS.

A number of other analysts have also commented on MWA. Royal Bank Of Canada reaffirmed a “buy” rating and set a $14.00 price objective on shares of MUELLER WATER PRODUCTS in a research note on Wednesday. Robert W. Baird reaffirmed a “hold” rating and set a $14.00 price objective on shares of MUELLER WATER PRODUCTS in a research note on Wednesday, October 4th. Cowen and Company reaffirmed a “hold” rating and set a $12.00 price objective on shares of MUELLER WATER PRODUCTS in a research note on Thursday, September 21st. BidaskClub raised shares of MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised shares of MUELLER WATER PRODUCTS from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $13.75.

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MUELLER WATER PRODUCTS (NYSE MWA) opened at 12.58 on Thursday. MUELLER WATER PRODUCTS has a 52-week low of $10.45 and a 52-week high of $14.20. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 15.63 and a beta of 1.29. The stock has a 50 day moving average of $12.31 and a 200-day moving average of $11.74.

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 analysts’ consensus estimates of $0.16. The business had revenue of $232.20 million during the quarter, compared to analyst estimates of $235.07 million. MUELLER WATER PRODUCTS had a net margin of 14.47% and a return on equity of 16.85%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 earnings per share.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas lifted its position 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 purchasing an additional 191 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in 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 during the last quarter. Oppenheimer & Co. Inc. increased its holdings in 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 during the last quarter. Amalgamated Bank increased its holdings in 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 during the last quarter. Finally, Guyasuta Investment Advisors Inc. increased its holdings in MUELLER WATER PRODUCTS by 1.3% in the second quarter. Guyasuta Investment Advisors Inc. now owns 74,256 shares of the industrial products company’s stock worth $867,000 after buying an additional 940 shares during the last quarter. 84.72% of the stock is owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for MUELLER WATER PRODUCTS (NYSE:MWA)

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