$227.34 Million in Sales Expected for MUELLER WATER PRODUCTS (MWA) This Quarter
Equities research analysts forecast that MUELLER WATER PRODUCTS (NYSE:MWA) will report sales of $227.34 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for MUELLER WATER PRODUCTS’s earnings, with estimates ranging from $222.00 million to $233.00 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 24.8%. The company is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, November 1st.
On average, analysts expect that MUELLER WATER PRODUCTS will report full year sales of $227.34 million for the current fiscal year, with estimates ranging from $818.00 million to $834.00 million. For the next fiscal year, analysts forecast that the firm will report sales of $871.69 million per share, with estimates ranging from $852.00 million to $884.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover MUELLER WATER PRODUCTS.
MUELLER WATER PRODUCTS (NYSE:MWA) last posted its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.16 EPS for the quarter, meeting the 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 analyst estimates of $235.07 million. During the same period in the prior year, the company earned $0.15 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis.
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MUELLER WATER PRODUCTS (MWA) opened at 12.56 on Friday. The firm has a market cap of $1.99 billion, a P/E ratio of 15.60 and a beta of 1.29. MUELLER WATER PRODUCTS has a 12 month low of $10.45 and a 12 month high of $14.20. The firm has a 50 day moving average of $12.34 and a 200-day moving average of $11.75.
A number of hedge funds have recently added to or reduced their stakes in MWA. Bluestein R H & Co. purchased a new stake in MUELLER WATER PRODUCTS during the first quarter worth about $118,000. Blair William & Co. IL purchased a new stake in MUELLER WATER PRODUCTS during the first quarter worth about $124,000. Nomura Holdings Inc. purchased a new stake in MUELLER WATER PRODUCTS during the first quarter worth about $125,000. BlueCrest Capital Management Ltd purchased a new stake in MUELLER WATER PRODUCTS during the first quarter worth about $133,000. Finally, Colony Group LLC purchased a new stake in MUELLER WATER PRODUCTS during the second quarter worth about $135,000. 84.72% of the stock is currently owned by hedge funds and other institutional investors.
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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