Equities analysts predict that Mueller Water Products (NYSE:MWA) will post earnings of $0.15 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Mueller Water Products’ earnings. The highest EPS estimate is $0.17 and the lowest is $0.14. Mueller Water Products posted earnings per share of $0.17 during the same quarter last year, which suggests a negative year over year growth rate of 11.8%. The business is scheduled to report its next earnings report after the market closes on Wednesday, November 1st.

On average, analysts expect that Mueller Water Products will report full year earnings of $0.44 per share for the current year, with EPS estimates ranging from $0.42 to $0.46. For the next year, analysts expect that the business will report earnings of $0.54 per share, with EPS estimates ranging from $0.50 to $0.58. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Mueller Water Products.

Mueller Water Products (NYSE:MWA) last posted its 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 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 the consensus estimate of $235.07 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis.

MWA has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Mueller Water Products from a “hold” rating to a “sell” rating in a report on Friday, July 21st. BidaskClub cut shares of Mueller Water Products from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Boenning Scattergood raised shares of Mueller Water Products from a “neutral” rating to an “outperform” rating and set a $14.00 target price on the stock in a report on Tuesday, September 5th. Oppenheimer Holdings Inc. set a $13.00 target price on shares of Mueller Water Products and gave the company a “buy” rating in a report on Monday, July 31st. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $14.00 target price on shares of Mueller Water Products in a report on Wednesday, October 11th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Mueller Water Products currently has a consensus rating of “Buy” and an average price target of $13.75.

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A number of hedge funds have recently modified their holdings of MWA. BlackRock Inc. grew its position in shares of Mueller Water Products by 14,036.8% during the 1st quarter. BlackRock Inc. now owns 13,522,561 shares of the industrial products company’s stock valued at $159,837,000 after purchasing an additional 13,426,906 shares in the last quarter. Pictet Asset Management Ltd. grew its position in shares of Mueller Water Products by 92.8% during the 2nd quarter. Pictet Asset Management Ltd. now owns 4,436,586 shares of the industrial products company’s stock valued at $49,601,000 after purchasing an additional 2,135,336 shares in the last quarter. Gamco Investors INC. ET AL grew its position in shares of Mueller Water Products by 32.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,758,490 shares of the industrial products company’s stock valued at $78,939,000 after purchasing an additional 1,654,510 shares in the last quarter. Earnest Partners LLC grew its position in shares of Mueller Water Products by 18.2% during the 2nd quarter. Earnest Partners LLC now owns 8,136,500 shares of the industrial products company’s stock valued at $95,034,000 after purchasing an additional 1,251,546 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Mueller Water Products by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 12,650,343 shares of the industrial products company’s stock valued at $149,528,000 after purchasing an additional 1,017,949 shares in the last quarter. 84.66% of the stock is currently owned by institutional investors and hedge funds.

Mueller Water Products (MWA) traded down 2.66% during trading on Monday, hitting $11.69. The stock had a trading volume of 795,557 shares. Mueller Water Products has a 1-year low of $10.45 and a 1-year high of $14.20. The firm has a market capitalization of $1.85 billion, a PE ratio of 14.52 and a beta of 1.29. The firm has a 50 day moving average price of $12.42 and a 200-day moving average price of $11.79.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Friday, November 10th will be issued a dividend of $0.04 per share. The ex-dividend date is Thursday, November 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%.

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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Earnings History and Estimates for Mueller Water Products (NYSE:MWA)

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