Mueller Water Products (NYSE:MWA – Get Free Report) issued its quarterly earnings results on Monday. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.10, Briefing.com reports. Mueller Water Products had a net margin of 8.10% and a return on equity of 16.97%. The company had revenue of $356.70 million during the quarter, compared to analysts’ expectations of $329.67 million. During the same period last year, the company posted $0.18 EPS. Mueller Water Products’s revenue was up 9.2% on a year-over-year basis.
Mueller Water Products Stock Performance
Shares of MWA stock traded up $1.11 during trading hours on Tuesday, reaching $20.07. The company had a trading volume of 3,753,927 shares, compared to its average volume of 1,262,604. The business has a fifty day moving average price of $18.63 and a 200-day moving average price of $16.86. Mueller Water Products has a one year low of $12.13 and a one year high of $21.02. The firm has a market cap of $3.13 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 1.96 and a beta of 1.33. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.08 and a current ratio of 3.53.
Mueller Water Products Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Friday, August 9th will be paid a $0.064 dividend. The ex-dividend date is Friday, August 9th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.28%. Mueller Water Products’s dividend payout ratio is presently 39.06%.
Analysts Set New Price Targets
Read Our Latest Analysis on MWA
Insider Transactions at Mueller Water Products
In related news, Director Brian C. Healy purchased 2,650 shares of Mueller Water Products stock in a transaction dated Wednesday, May 15th. The stock was purchased at an average cost of $19.18 per share, for a total transaction of $50,827.00. Following the completion of the purchase, the director now directly owns 2,650 shares of the company’s stock, valued at approximately $50,827. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Kenji Takeuchi sold 6,658 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $19.09, for a total transaction of $127,101.22. Following the completion of the sale, the senior vice president now directly owns 28,334 shares in the company, valued at $540,896.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian C. Healy bought 2,650 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were acquired at an average price of $19.18 per share, with a total value of $50,827.00. Following the completion of the transaction, the director now directly owns 2,650 shares of the company’s stock, valued at approximately $50,827. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company’s stock.
About Mueller Water Products
Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.
Read More
- Five stocks we like better than Mueller Water Products
- How to Calculate Retirement Income: MarketBeat’s Calculator
- Uber’s Earnings Beat: Rideshare and Delivery Surge
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Hims & Hers Reports Stellar Quarter: Stock Set for a Rally
- What is Short Interest? How to Use It
- Cloudflare Stock Flares Up on Solid EPS Beat and Raised Guidance
Receive News & Ratings for Mueller Water Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Water Products and related companies with MarketBeat.com's FREE daily email newsletter.