Mueller Water Products, Inc. (NYSE:MWA) Expected to Announce Earnings of $0.20 Per Share

Analysts forecast that Mueller Water Products, Inc. (NYSE:MWA) will post $0.20 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Mueller Water Products’ earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.22. Mueller Water Products posted earnings per share of $0.19 during the same quarter last year, which indicates a positive year over year growth rate of 5.3%. The firm is expected to report its next earnings results on Monday, August 5th.

According to Zacks, analysts expect that Mueller Water Products will report full-year earnings of $0.60 per share for the current year, with EPS estimates ranging from $0.58 to $0.63. For the next fiscal year, analysts forecast that the firm will post earnings of $0.68 per share, with EPS estimates ranging from $0.50 to $0.78. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Mueller Water Products.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Mueller Water Products had a net margin of 3.24% and a return on equity of 15.89%. The company had revenue of $234.00 million during the quarter, compared to analyst estimates of $252.06 million. During the same period in the prior year, the business posted $0.12 EPS. Mueller Water Products’s revenue was up .4% compared to the same quarter last year.

A number of equities research analysts recently issued reports on MWA shares. Goldman Sachs Group cut shares of Mueller Water Products from a “buy” rating to a “neutral” rating and dropped their price target for the company from $13.00 to $11.00 in a research note on Tuesday, February 26th. Oppenheimer set a $13.00 target price on shares of Mueller Water Products and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Zacks Investment Research cut shares of Mueller Water Products from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Boenning Scattergood reaffirmed a “hold” rating on shares of Mueller Water Products in a research note on Tuesday, May 7th. Finally, ValuEngine cut shares of Mueller Water Products from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Mueller Water Products currently has an average rating of “Hold” and a consensus target price of $12.33.

Mueller Water Products stock opened at $9.83 on Friday. The company has a fifty day moving average of $9.51. Mueller Water Products has a 1 year low of $8.47 and a 1 year high of $12.59. The firm has a market cap of $1.57 billion, a PE ratio of 18.55, a P/E/G ratio of 1.33 and a beta of 1.18. The company has a quick ratio of 1.89, a current ratio of 3.07 and a debt-to-equity ratio of 0.81.

In other Mueller Water Products news, Director Shirley C. Franklin sold 6,700 shares of Mueller Water Products stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $9.55, for a total transaction of $63,985.00. Following the sale, the director now owns 52,892 shares of the company’s stock, valued at approximately $505,118.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bernard G. Rethore bought 10,000 shares of the stock in a transaction on Thursday, May 9th. The shares were acquired at an average cost of $9.19 per share, for a total transaction of $91,900.00. The disclosure for this purchase can be found here. Insiders own 1.70% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. increased its stake in Mueller Water Products by 69.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 2,175,379 shares of the industrial products company’s stock worth $21,840,000 after purchasing an additional 888,715 shares during the period. GYL Financial Synergies LLC purchased a new stake in Mueller Water Products during the first quarter worth about $177,000. Marshall Wace North America L.P. increased its stake in Mueller Water Products by 219.9% during the first quarter. Marshall Wace North America L.P. now owns 21,583 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 14,836 shares during the period. Belpointe Asset Management LLC purchased a new stake in Mueller Water Products during the first quarter worth about $102,000. Finally, Arjuna Capital purchased a new stake in Mueller Water Products during the first quarter worth about $965,000. 86.50% of the stock is currently owned by institutional investors.

About Mueller Water Products

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

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