Analysts expect Mueller Water Products, Inc. (NYSE:MWA) to announce $0.17 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Mueller Water Products’ earnings. The highest EPS estimate is $0.21 and the lowest is $0.16. Mueller Water Products posted earnings of $0.15 per share in the same quarter last year, which suggests a positive year over year growth rate of 13.3%. The firm is expected to issue its next earnings report on Wednesday, November 7th.
According to Zacks, analysts expect that Mueller Water Products will report full-year earnings of $0.54 per share for the current year, with EPS estimates ranging from $0.52 to $0.57. For the next financial year, analysts expect that the company will report earnings of $0.64 per share, with EPS estimates ranging from $0.58 to $0.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Mueller Water Products.
Mueller Water Products (NYSE:MWA) last announced its quarterly earnings results on Monday, August 6th. The industrial products company reported $0.19 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. Mueller Water Products had a net margin of 11.24% and a return on equity of 15.67%. The company had revenue of $250.20 million for the quarter, compared to analyst estimates of $246.01 million. During the same quarter in the prior year, the business posted $0.16 EPS. Mueller Water Products’s quarterly revenue was up 7.8% on a year-over-year basis.
Several research analysts have recently commented on the stock. DA Davidson restated a “neutral” rating on shares of Mueller Water Products in a research note on Friday, July 20th. Zacks Investment Research upgraded shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Wednesday. Oppenheimer restated a “buy” rating and set a $14.00 price target on shares of Mueller Water Products in a research note on Monday, August 6th. Berenberg Bank assumed coverage on shares of Mueller Water Products in a research note on Wednesday, October 3rd. They set a “buy” rating and a $15.00 price target on the stock. Finally, Nomura dropped their price target on shares of Mueller Water Products from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, September 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.44.
Several hedge funds and other institutional investors have recently bought and sold shares of MWA. Fortaleza Asset Management Inc. bought a new stake in Mueller Water Products in the 2nd quarter valued at $128,000. Highbridge Capital Management LLC bought a new stake in Mueller Water Products in the 1st quarter valued at $133,000. Raymond James Financial Services Advisors Inc. bought a new stake in Mueller Water Products in the 2nd quarter valued at $157,000. Signaturefd LLC bought a new stake in Mueller Water Products in the 2nd quarter valued at $171,000. Finally, Point72 Asia Hong Kong Ltd boosted its holdings in Mueller Water Products by 1,456.9% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 15,631 shares of the industrial products company’s stock valued at $170,000 after purchasing an additional 14,627 shares during the period. 86.29% of the stock is owned by institutional investors and hedge funds.
Shares of MWA traded down $0.25 during mid-day trading on Friday, hitting $10.55. 866,898 shares of the company’s stock were exchanged, compared to its average volume of 912,983. Mueller Water Products has a twelve month low of $9.59 and a twelve month high of $12.96. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 1.42 and a beta of 1.06. The company has a quick ratio of 3.91, a current ratio of 5.13 and a debt-to-equity ratio of 0.83.
Mueller Water Products Company Profile
Mueller Water Products, Inc manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. It operates through Infrastructure and Technologies segments. The Infrastructure segment offers valves for water and gas systems, including iron gate, butterfly, tapping, check, knife, plug, automatic control, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks under the Mueller and Jones brand names; small valves, meter bars, and line stopper fittings for use in gas systems; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.
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