Mueller Industries (MLI) Expected to Announce Quarterly Earnings on Monday

Mueller Industries (NYSE:MLI) is expected to release its earnings data before the market opens on Monday, April 21st. Analysts expect Mueller Industries to post earnings of $1.31 per share and revenue of $1.00 billion for the quarter.

Mueller Industries (NYSE:MLI) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. Mueller Industries had a return on equity of 22.97% and a net margin of 16.05%.

Mueller Industries Stock Performance

NYSE:MLI opened at $74.24 on Monday. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of 13.98 and a beta of 0.96. Mueller Industries has a one year low of $50.85 and a one year high of $96.81. The business’s 50-day simple moving average is $78.36 and its 200 day simple moving average is $79.94.

Mueller Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.25 per share. This is a boost from Mueller Industries’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, March 14th. Mueller Industries’s dividend payout ratio is 18.83%.

Insider Buying and Selling

In related news, Director Scott Jay Goldman sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $79.81, for a total value of $798,100.00. Following the completion of the sale, the director now directly owns 56,098 shares of the company’s stock, valued at $4,477,181.38. The trade was a 15.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.80% of the company’s stock.

About Mueller Industries

Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. It operates through three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples.