Mueller Water Products (NYSE:MWA) posted its earnings results on Wednesday. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15, Bloomberg Earnings reports. The company had revenue of $226.90 million during the quarter, compared to analysts’ expectations of $227.14 million. Mueller Water Products had a return on equity of 16.85% and a net margin of 14.47%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Friday, November 10th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.16 annualized dividend and a yield of 1.34%. Mueller Water Products’s payout ratio is 20.00%.

ILLEGAL ACTIVITY WARNING: “Mueller Water Products (MWA) Issues Quarterly Earnings Results” was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/11/01/mueller-water-products-mwa-issues-quarterly-earnings-results.html.

Several research firms have issued reports on MWA. Royal Bank Of Canada reissued a “buy” rating and set a $14.00 target price on shares of Mueller Water Products in a research note on Wednesday, October 11th. Robert W. Baird reissued a “hold” rating and set a $14.00 target price on shares of Mueller Water Products in a research note on Wednesday, October 4th. Cowen and Company reissued a “hold” rating and set a $12.00 target price on shares of Mueller Water Products in a research note on Thursday, September 21st. Boenning Scattergood raised Mueller Water Products from a “neutral” rating to an “outperform” rating and set a $14.00 target price for the company in a research note on Tuesday, September 5th. Finally, BidaskClub cut Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $13.75.

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.

Earnings History for Mueller Water Products (NYSE:MWA)

Receive News & Ratings for Mueller Water Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Water Products and related companies with MarketBeat.com's FREE daily email newsletter.