Mueller Water Products, Inc. Forecasted to Earn Q3 2022 Earnings of $0.20 Per Share (NYSE:MWA)

Mueller Water Products, Inc. (NYSE:MWAGet Rating) – DA Davidson issued their Q3 2022 earnings per share (EPS) estimates for Mueller Water Products in a research note issued to investors on Wednesday, May 4th. DA Davidson analyst B. Thielman forecasts that the industrial products company will post earnings of $0.20 per share for the quarter. DA Davidson also issued estimates for Mueller Water Products’ FY2022 earnings at $0.66 EPS.

Other analysts have also issued reports about the company. Zacks Investment Research upgraded Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Wednesday, February 9th. TheStreet cut shares of Mueller Water Products from a “b” rating to a “c+” rating in a research note on Thursday, March 10th. Finally, StockNews.com raised shares of Mueller Water Products from a “hold” rating to a “buy” rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $16.67.

Shares of MWA stock opened at $12.40 on Thursday. Mueller Water Products has a 1 year low of $11.56 and a 1 year high of $17.37. The company’s fifty day simple moving average is $12.61 and its two-hundred day simple moving average is $13.53. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.15 and a quick ratio of 2.10. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 1.53 and a beta of 1.32.

Mueller Water Products (NYSE:MWAGet Rating) last released its earnings results on Monday, May 2nd. The industrial products company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. Mueller Water Products had a return on equity of 13.67% and a net margin of 6.38%. During the same quarter in the previous year, the business posted $0.14 EPS.

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 issued a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Monday, May 9th. Mueller Water Products’s payout ratio is 47.92%.

In other Mueller Water Products news, Director Shirley C. Franklin sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 11th. The stock was sold at an average price of $13.04, for a total transaction of $65,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.

Several hedge funds have recently bought and sold shares of MWA. Impax Asset Management Group plc lifted its holdings in shares of Mueller Water Products by 4.4% in the 3rd quarter. Impax Asset Management Group plc now owns 13,298,017 shares of the industrial products company’s stock worth $202,396,000 after acquiring an additional 561,194 shares during the last quarter. BlackRock Inc. lifted its stake in Mueller Water Products by 0.7% in the third quarter. BlackRock Inc. now owns 12,677,205 shares of the industrial products company’s stock worth $192,945,000 after purchasing an additional 91,699 shares during the last quarter. Invesco Ltd. boosted its position in Mueller Water Products by 28.5% during the fourth quarter. Invesco Ltd. now owns 3,319,480 shares of the industrial products company’s stock valued at $47,800,000 after buying an additional 735,737 shares during the period. Eaton Vance Management grew its stake in shares of Mueller Water Products by 2.3% during the fourth quarter. Eaton Vance Management now owns 3,293,399 shares of the industrial products company’s stock valued at $47,418,000 after buying an additional 74,200 shares during the last quarter. Finally, FIL Ltd increased its holdings in shares of Mueller Water Products by 3.0% in the third quarter. FIL Ltd now owns 2,938,230 shares of the industrial products company’s stock worth $44,720,000 after buying an additional 85,526 shares during the period. 88.55% of the stock is currently owned by hedge funds and other institutional investors.

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

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