Wall Street brokerages forecast that Mueller Water Products, Inc. (NYSE:MWA) will report earnings of $0.20 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Mueller Water Products’ earnings, with estimates ranging from $0.19 to $0.22. Mueller Water Products reported earnings of $0.19 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 5.3%. The firm is scheduled to issue its next earnings report after the market closes on Monday, August 5th.
On average, analysts expect that Mueller Water Products will report full year earnings of $0.59 per share for the current financial year, with EPS estimates ranging from $0.56 to $0.63. For the next year, analysts forecast that the business will report earnings of $0.66 per share, with EPS estimates ranging from $0.50 to $0.78. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Mueller Water Products.
Mueller Water Products (NYSE:MWA) last released its quarterly earnings data 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 firm had revenue of $234.00 million for the quarter, compared to analyst estimates of $252.06 million. During the same period in the previous year, the business posted $0.12 EPS. Mueller Water Products’s revenue for the quarter was up .4% on a year-over-year basis.
In related news, Director Shirley C. Franklin sold 6,700 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $9.55, for a total value of $63,985.00. Following the completion of the transaction, the director now directly owns 52,892 shares of the company’s stock, valued at approximately $505,118.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Bernard G. Rethore bought 10,000 shares of Mueller Water Products stock in a transaction that occurred on Thursday, May 9th. The stock was bought at an average cost of $9.19 per share, with a total value of $91,900.00. The disclosure for this purchase can be found here. 1.70% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. CWM Advisors LLC boosted its position in Mueller Water Products by 14.1% in the second quarter. CWM Advisors LLC now owns 18,367 shares of the industrial products company’s stock valued at $180,000 after buying an additional 2,270 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its position in Mueller Water Products by 69.1% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 2,175,379 shares of the industrial products company’s stock valued at $21,840,000 after buying an additional 888,715 shares in the last quarter. GYL Financial Synergies LLC acquired a new stake in Mueller Water Products in the first quarter valued at approximately $177,000. Marshall Wace North America L.P. boosted its position in Mueller Water Products by 219.9% in the first quarter. Marshall Wace North America L.P. now owns 21,583 shares of the industrial products company’s stock valued at $217,000 after buying an additional 14,836 shares in the last quarter. Finally, Belpointe Asset Management LLC acquired a new stake in Mueller Water Products in the first quarter valued at approximately $102,000. Institutional investors own 86.50% of the company’s stock.
Shares of Mueller Water Products stock traded up $0.08 during trading on Tuesday, reaching $9.69. The company’s stock had a trading volume of 564,323 shares, compared to its average volume of 664,891. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.89 and a current ratio of 3.07. The stock has a fifty day moving average price of $9.68. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 1.32 and a beta of 1.17. Mueller Water Products has a one year low of $8.47 and a one year high of $12.59.
Mueller Water Products Company Profile
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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