Mueller Water Products, Inc. (NYSE:MWA) – DA Davidson issued their Q1 2020 earnings estimates for Mueller Water Products in a report issued on Thursday, November 7th. DA Davidson analyst B. Thielman anticipates that the industrial products company will post earnings per share of $0.08 for the quarter.
Mueller Water Products (NYSE:MWA) last released its earnings results on Tuesday, November 5th. The industrial products company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). Mueller Water Products had a return on equity of 17.71% and a net margin of 6.59%. The business had revenue of $266.90 million for the quarter, compared to the consensus estimate of $279.05 million. During the same quarter last year, the business posted $0.17 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year.
Other analysts also recently issued reports about the company. Seaport Global Securities set a $12.00 price objective on Mueller Water Products and gave the company a “buy” rating in a report on Wednesday, August 7th. ValuEngine upgraded Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Friday, August 16th. Zacks Investment Research lowered Mueller Water Products from a “hold” rating to a “sell” rating in a research note on Friday. Oppenheimer set a $13.00 target price on Mueller Water Products and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, Boenning Scattergood upgraded Mueller Water Products from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Mueller Water Products has an average rating of “Hold” and a consensus price target of $11.50.
Shares of NYSE:MWA traded down $0.03 on Friday, hitting $11.15. 703,807 shares of the company’s stock were exchanged, compared to its average volume of 884,424. Mueller Water Products has a 12 month low of $8.47 and a 12 month high of $12.26. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 1.21 and a beta of 1.00. The business’s 50 day simple moving average is $11.30 and its two-hundred day simple moving average is $10.30. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.15 and a quick ratio of 2.00.
Hedge funds have recently modified their holdings of the company. Speece Thorson Capital Group Inc. grew its stake in shares of Mueller Water Products by 62.2% during the second quarter. Speece Thorson Capital Group Inc. now owns 1,755,554 shares of the industrial products company’s stock worth $17,240,000 after acquiring an additional 673,350 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Mueller Water Products by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 1,222,061 shares of the industrial products company’s stock worth $12,001,000 after acquiring an additional 19,878 shares during the last quarter. Essex Investment Management Co. LLC grew its stake in shares of Mueller Water Products by 17.9% during the third quarter. Essex Investment Management Co. LLC now owns 49,538 shares of the industrial products company’s stock worth $557,000 after acquiring an additional 7,520 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Mueller Water Products during the second quarter worth about $103,000. Finally, Harvey Partners LLC purchased a new stake in shares of Mueller Water Products during the second quarter worth about $1,228,000. Institutional investors and hedge funds own 87.14% of the company’s stock.
In other Mueller Water Products news, EVP Gregory Rogowski sold 85,839 shares of Mueller Water Products stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $10.06, for a total value of $863,540.34. Following the transaction, the executive vice president now owns 425,473 shares in the company, valued at $4,280,258.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is owned by insiders.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Friday, November 8th will be paid a $0.052 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.21 annualized dividend and a yield of 1.87%. Mueller Water Products’s dividend payout ratio (DPR) is presently 34.43%.
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 in two segments, Infrastructure and Technologies. The Infrastructure segment offers valves for water and gas systems, including butterfly, iron gate, 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; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.
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