Mueller Water Products (MWA) Scheduled to Post Quarterly Earnings on Wednesday

Mueller Water Products (NYSE:MWA) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Mueller Water Products to post earnings of $0.23 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Monday, August 5th. The industrial products company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.22 by $0.10. The company had revenue of $356.70 million for the quarter, compared to analyst estimates of $329.67 million. Mueller Water Products had a net margin of 9.71% and a return on equity of 19.46%. The firm’s revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the business earned $0.18 earnings per share. On average, analysts expect Mueller Water Products to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Mueller Water Products Price Performance

Shares of Mueller Water Products stock traded up $0.45 during trading hours on Tuesday, reaching $22.50. The stock had a trading volume of 81,315 shares, compared to its average volume of 1,239,680. Mueller Water Products has a twelve month low of $12.39 and a twelve month high of $23.12. The company has a current ratio of 3.70, a quick ratio of 2.31 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $3.51 billion, a PE ratio of 28.27, a PEG ratio of 1.38 and a beta of 1.34. The stock’s 50 day moving average is $21.39 and its 200 day moving average is $19.61.

Mueller Water Products Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Friday, November 8th will be issued a $0.067 dividend. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.06. The ex-dividend date is Friday, November 8th. This represents a $0.27 dividend on an annualized basis and a yield of 1.19%. Mueller Water Products’s dividend payout ratio is presently 33.33%.

Analyst Upgrades and Downgrades

MWA has been the subject of a number of recent analyst reports. StockNews.com cut Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 30th. TD Cowen cut shares of Mueller Water Products from a “buy” rating to a “hold” rating and upped their price objective for the stock from $19.00 to $20.00 in a research report on Friday, August 9th. Oppenheimer increased their price objective on shares of Mueller Water Products from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Royal Bank of Canada boosted their target price on shares of Mueller Water Products from $20.00 to $23.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $21.60.

Insiders Place Their Bets

In related news, insider J Scott Hall sold 135,253 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $20.34, for a total transaction of $2,751,046.02. Following the completion of the sale, the insider now owns 544,029 shares of the company’s stock, valued at approximately $11,065,549.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider J Scott Hall sold 135,253 shares of Mueller Water Products stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $20.34, for a total transaction of $2,751,046.02. Following the transaction, the insider now owns 544,029 shares in the company, valued at approximately $11,065,549.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christine Ortiz sold 8,800 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $19.94, for a total value of $175,472.00. Following the completion of the sale, the director now owns 34,699 shares of the company’s stock, valued at approximately $691,898.06. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 256,869 shares of company stock valued at $5,141,842 in the last 90 days. 1.40% of the stock is owned by insiders.

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.