Mueller Industries (NYSE:MLI – Get Free Report) announced its quarterly earnings results on Tuesday. The industrial products company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.16, Briefing.com reports. Mueller Industries had a net margin of 16.19% and a return on equity of 22.86%. The firm had revenue of $997.80 million during the quarter, compared to analysts’ expectations of $936.00 million. The company’s quarterly revenue was up 21.7% on a year-over-year basis.
Mueller Industries Price Performance
Mueller Industries stock opened at $82.22 on Wednesday. The firm has a market capitalization of $9.34 billion, a P/E ratio of 16.48 and a beta of 1.03. The stock has a fifty day moving average price of $70.97 and a two-hundred day moving average price of $63.14. Mueller Industries has a 52-week low of $35.01 and a 52-week high of $84.11.
Mueller Industries Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Friday, September 6th. Mueller Industries’s dividend payout ratio is 16.03%.
Insider Transactions at Mueller Industries
Mueller Industries Company Profile
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.
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