Equities analysts forecast that Mueller Water Products, Inc. (NYSE:MWA) will announce sales of $177.54 million for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Mueller Water Products’ earnings. The highest sales estimate is $181.00 million and the lowest is $174.00 million. Mueller Water Products reported sales of $167.20 million during the same quarter last year, which suggests a positive year over year growth rate of 6.2%. The company is expected to announce its next earnings results after the market closes on Thursday, February 1st.

According to Zacks, analysts expect that Mueller Water Products will report full year sales of $177.54 million for the current fiscal year, with estimates ranging from $864.78 million to $905.00 million. For the next fiscal year, analysts forecast that the business will report sales of $921.27 million per share, with estimates ranging from $900.27 million to $968.00 million. Zacks’ sales calculations are an average based on a survey of research analysts that cover Mueller Water Products.

Mueller Water Products (NYSE:MWA) last issued its earnings results on Wednesday, November 1st. The industrial products company reported $0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.15. The firm had revenue of $226.90 million during the quarter, compared to analysts’ expectations of $227.14 million. Mueller Water Products had a net margin of 14.93% and a return on equity of 15.43%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share.

Several equities research analysts recently commented on the stock. Oppenheimer restated an “outperform” rating and issued a $15.00 price target on shares of Mueller Water Products in a research report on Thursday, December 28th. They noted that the move was a valuation call. Robert W. Baird restated a “hold” rating and issued a $14.00 price target on shares of Mueller Water Products in a research report on Wednesday, October 4th. Cowen restated a “hold” rating and issued a $12.00 price target on shares of Mueller Water Products in a research report on Thursday, September 21st. Boenning Scattergood restated a “buy” rating and issued a $14.00 price target on shares of Mueller Water Products in a research report on Thursday, November 2nd. Finally, Royal Bank of Canada restated a “buy” rating and issued a $14.00 price target on shares of Mueller Water Products in a research 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 company’s stock. The company has an average rating of “Buy” and an average target price of $14.00.

In other Mueller Water Products news, insider Gregory E. Hyland sold 84,514 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $12.27, for a total value of $1,036,986.78. Following the completion of the sale, the insider now owns 979,481 shares in the company, valued at approximately $12,018,231.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Evan Hart sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $12.10, for a total transaction of $605,000.00. Following the completion of the sale, the chief financial officer now owns 321,247 shares of the company’s stock, valued at approximately $3,887,088.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 693,656 shares of company stock valued at $8,514,160. 3.00% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in MWA. Schwab Charles Investment Management Inc. lifted its position in Mueller Water Products by 8.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 866,563 shares of the industrial products company’s stock worth $10,122,000 after buying an additional 67,989 shares in the last quarter. Rhumbline Advisers lifted its position in Mueller Water Products by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 180,464 shares of the industrial products company’s stock worth $2,108,000 after buying an additional 2,298 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Mueller Water Products by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,610,346 shares of the industrial products company’s stock worth $18,809,000 after buying an additional 29,873 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Mueller Water Products by 8.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 21,883 shares of the industrial products company’s stock worth $256,000 after buying an additional 1,651 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Mueller Water Products by 59.0% in the 2nd quarter. Principal Financial Group Inc. now owns 347,391 shares of the industrial products company’s stock worth $4,057,000 after buying an additional 128,970 shares in the last quarter. Institutional investors own 84.03% of the company’s stock.

Shares of Mueller Water Products (NYSE:MWA) traded up $0.19 during trading hours on Friday, hitting $12.66. 1,341,005 shares of the company traded hands, compared to its average volume of 781,298. The company has a current ratio of 4.73, a quick ratio of 3.75 and a debt-to-equity ratio of 0.97. The stock has a market cap of $1,977.00, a P/E ratio of 16.66, a PEG ratio of 1.55 and a beta of 1.33. Mueller Water Products has a fifty-two week low of $10.84 and a fifty-two week high of $14.02.

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

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