Zacks: Brokerages Expect Mueller Water Products, Inc. (NYSE:MWA) Will Announce Quarterly Sales of $334.60 Million

Brokerages expect Mueller Water Products, Inc. (NYSE:MWAGet Rating) to announce $334.60 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Mueller Water Products’ earnings. The lowest sales estimate is $333.00 million and the highest is $336.20 million. Mueller Water Products reported sales of $310.50 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7.8%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Mueller Water Products will report full-year sales of $1.23 billion for the current financial year, with estimates ranging from $1.21 billion to $1.24 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.30 billion, with estimates ranging from $1.29 billion to $1.32 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Mueller Water Products.

Mueller Water Products (NYSE:MWAGet Rating) last issued its earnings results on Monday, May 2nd. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $310.50 million during the quarter, compared to analyst estimates of $294.50 million. Mueller Water Products had a net margin of 6.38% and a return on equity of 13.59%. During the same quarter last year, the business posted $0.14 EPS.

A number of research firms recently weighed in on MWA. StockNews.com raised shares of Mueller Water Products from a “hold” rating to a “buy” rating in a research note on Friday, May 13th. TheStreet cut shares of Mueller Water Products from a “b” rating to a “c+” rating in a research note on Thursday, March 10th. Finally, Zacks Investment Research raised shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research report on Wednesday, February 9th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.67.

NYSE:MWA opened at $11.53 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.07 and a current ratio of 3.21. The firm’s 50-day moving average is $12.45 and its 200-day moving average is $13.25. Mueller Water Products has a 52-week low of $11.24 and a 52-week high of $17.37. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 1.48 and a beta of 1.32.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 20th. Investors of record on Tuesday, May 10th will be given a dividend of $0.058 per share. This represents a $0.23 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Monday, May 9th. Mueller Water Products’s dividend payout ratio is 47.92%.

In other news, SVP Todd P. Helms sold 3,875 shares of the firm’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $11.63, for a total value of $45,066.25. Following the sale, the senior vice president now directly owns 23,590 shares in the company, valued at approximately $274,351.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Steven S. Heinrichs sold 17,000 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $11.54, for a total transaction of $196,180.00. Following the completion of the sale, the executive vice president now owns 55,316 shares in the company, valued at $638,346.64. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of MWA. Impax Asset Management Group plc increased its stake 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 valued at $202,396,000 after acquiring an additional 561,194 shares in the last quarter. BlackRock Inc. increased its stake in shares of Mueller Water Products by 0.7% in the 3rd quarter. BlackRock Inc. now owns 12,677,205 shares of the industrial products company’s stock valued at $192,945,000 after acquiring an additional 91,699 shares in the last quarter. Nuance Investments LLC increased its stake in shares of Mueller Water Products by 67.2% in the 1st quarter. Nuance Investments LLC now owns 7,484,902 shares of the industrial products company’s stock valued at $96,705,000 after acquiring an additional 3,008,643 shares in the last quarter. Eaton Vance Management increased its stake in shares of Mueller Water Products by 21.0% in the 1st quarter. Eaton Vance Management now owns 3,984,187 shares of the industrial products company’s stock valued at $51,476,000 after acquiring an additional 690,788 shares in the last quarter. Finally, State Street Corp increased its stake in Mueller Water Products by 3.2% during the 1st quarter. State Street Corp now owns 3,483,104 shares of the industrial products company’s stock valued at $45,002,000 after purchasing an additional 109,494 shares in the last quarter. Institutional investors and hedge funds own 88.55% of the company’s stock.

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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