Brokerages expect Mueller Water Products, Inc. (NYSE:MWA – Get Rating) to report $294.50 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Mueller Water Products’ earnings, with the lowest sales estimate coming in at $293.00 million and the highest estimate coming in at $296.00 million. Mueller Water Products reported sales of $267.50 million during the same quarter last year, which would suggest a positive year over year growth rate of 10.1%. The business is scheduled to issue its next quarterly earnings report after the market closes on Monday, January 1st.
On average, analysts expect that Mueller Water Products will report full year sales of $1.21 billion for the current fiscal year. For the next financial year, analysts anticipate that the business will post sales of $1.27 billion, with estimates ranging from $1.26 billion to $1.29 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Mueller Water Products.
Mueller Water Products (NYSE:MWA – Get Rating) last released its quarterly earnings results on Thursday, February 3rd. The industrial products company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.05. Mueller Water Products had a return on equity of 13.49% and a net margin of 6.38%. The firm had revenue of $272.30 million during the quarter, compared to analysts’ expectations of $257.10 million. During the same period last year, the firm posted $0.11 EPS.
In related news, Director Shirley C. Franklin sold 5,000 shares of the company’s stock in a transaction dated Friday, February 11th. The stock was sold at an average price of $13.04, for a total value of $65,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE raised its holdings in Mueller Water Products by 1.0% in the third quarter. US Bancorp DE now owns 68,886 shares of the industrial products company’s stock worth $1,049,000 after purchasing an additional 710 shares during the period. First Republic Investment Management Inc. increased its position in shares of Mueller Water Products by 0.7% in the 3rd quarter. First Republic Investment Management Inc. now owns 128,838 shares of the industrial products company’s stock valued at $1,961,000 after buying an additional 902 shares in the last quarter. Swiss National Bank increased its position in shares of Mueller Water Products by 0.3% in the 3rd quarter. Swiss National Bank now owns 350,300 shares of the industrial products company’s stock valued at $5,332,000 after buying an additional 1,100 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Mueller Water Products by 13.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 12,663 shares of the industrial products company’s stock worth $192,000 after buying an additional 1,512 shares during the period. Finally, Mcdonald Partners LLC lifted its holdings in Mueller Water Products by 8.2% during the third quarter. Mcdonald Partners LLC now owns 26,250 shares of the industrial products company’s stock worth $400,000 after acquiring an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.
MWA opened at $12.03 on Friday. Mueller Water Products has a 1-year low of $11.89 and a 1-year high of $17.37. The stock has a market capitalization of $1.89 billion, a PE ratio of 26.15, a PEG ratio of 1.62 and a beta of 1.37. The company has a current ratio of 3.15, a quick ratio of 2.10 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average price of $12.63 and a two-hundred day moving average price of $13.62.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 20th. Stockholders of record on Tuesday, May 10th will be paid a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Monday, May 9th. Mueller Water Products’s dividend payout ratio (DPR) is currently 50.00%.
Mueller Water Products Company Profile (Get Rating)
Mueller Water Products Inc manufactures and markets products and services used in the transmission, distribution, and measurement of water in North America and internationally. Its products and services are used by municipalities, and the residential and non-residential construction industries. It operates through two segments, Infrastructure and Technologies.
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