Mueller Water Products (MWA) Issues Quarterly Earnings Results
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%.
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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.
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