Q4 2018 Earnings Estimate for Mueller Water Products, Inc. (MWA) Issued By Seaport Global Securities

Mueller Water Products, Inc. (NYSE:MWA) – Stock analysts at Seaport Global Securities dropped their Q4 2018 earnings estimates for shares of Mueller Water Products in a note issued to investors on Monday. Seaport Global Securities analyst W. Liptak now anticipates that the industrial products company will post earnings of $0.18 per share for the quarter, down from their prior forecast of $0.19.

Several other brokerages also recently issued reports on MWA. Oppenheimer reissued an “outperform” rating and set a $15.00 target price on shares of Mueller Water Products in a research note on Thursday, December 28th. They noted that the move was a valuation call. Cowen cut Mueller Water Products from a “market perform” rating to an “underperform” rating and set a $11.00 price target for the company. in a report on Friday, January 19th. Royal Bank of Canada reiterated a “buy” rating and issued a $14.00 target price on shares of Mueller Water Products in a report on Wednesday, October 11th. Robert W. Baird reiterated a “hold” rating and issued a $14.00 target price on shares of Mueller Water Products in a report on Friday, November 10th. Finally, Boenning Scattergood reiterated a “buy” rating and issued a $14.00 target price on shares of Mueller Water Products in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.88.

Mueller Water Products (MWA) traded up $0.05 during trading on Wednesday, hitting $11.14. The company had a trading volume of 586,632 shares, compared to its average volume of 1,255,927. The company has a debt-to-equity ratio of 0.97, a current ratio of 4.73 and a quick ratio of 3.75. Mueller Water Products has a 12 month low of $10.54 and a 12 month high of $12.99. The stock has a market capitalization of $1,756.62, a PE ratio of 24.09, a PEG ratio of 1.37 and a beta of 1.20.

Mueller Water Products (NYSE:MWA) last released its earnings results on Thursday, February 1st. The industrial products company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. Mueller Water Products had a return on equity of 15.81% and a net margin of 20.51%. The firm had revenue of $178.30 million for the quarter, compared to analysts’ expectations of $176.13 million. During the same period in the prior year, the firm posted $0.04 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis.

Several hedge funds have recently modified their holdings of MWA. JPMorgan Chase & Co. lifted its position in shares of Mueller Water Products by 8.4% in the third quarter. JPMorgan Chase & Co. now owns 206,228 shares of the industrial products company’s stock worth $2,656,000 after purchasing an additional 15,901 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Mueller Water Products by 7.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 930,649 shares of the industrial products company’s stock worth $11,913,000 after purchasing an additional 64,086 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Mueller Water Products during the third quarter worth about $1,286,000. California Public Employees Retirement System increased its position in shares of Mueller Water Products by 2.3% during the second quarter. California Public Employees Retirement System now owns 442,100 shares of the industrial products company’s stock worth $5,164,000 after purchasing an additional 9,900 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of Mueller Water Products by 37.0% during the second quarter. Royal Bank of Canada now owns 255,815 shares of the industrial products company’s stock worth $2,988,000 after purchasing an additional 69,094 shares in the last quarter. 83.99% of the stock is owned by hedge funds and other institutional investors.

In other news, Chairman Gregory E. Hyland sold 50,000 shares of Mueller Water Products stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $12.27, for a total value of $613,500.00. Following the completion of the transaction, the chairman now owns 979,481 shares in the company, valued at approximately $12,018,231.87. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Evan Hart sold 49,883 shares of Mueller Water Products stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $12.28, for a total value of $612,563.24. Following the completion of the transaction, the chief financial officer now owns 145,530 shares of the company’s stock, valued at approximately $1,787,108.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 476,640 shares of company stock valued at $5,886,596. Company insiders own 3.00% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Friday, February 9th will be issued a $0.05 dividend. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.80%. Mueller Water Products’s payout ratio is 15.09%.

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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.

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

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