$0.16 EPS Expected for Mueller Water Products, Inc. (NYSE:MWA) This Quarter


Equities analysts expect Mueller Water Products, Inc. (NYSE:MWA) to post earnings of $0.16 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Mueller Water Products’ earnings. Mueller Water Products posted earnings of $0.11 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 45.5%. The firm is expected to issue its next earnings report on Wednesday, August 4th.

According to Zacks, analysts expect that Mueller Water Products will report full year earnings of $0.60 per share for the current financial year, with EPS estimates ranging from $0.57 to $0.61. For the next year, analysts expect that the company will post earnings of $0.67 per share, with EPS estimates ranging from $0.61 to $0.75. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Mueller Water Products.

Mueller Water Products (NYSE:MWA) last announced its earnings results on Monday, May 3rd. The industrial products company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. The business had revenue of $267.50 million during the quarter, compared to the consensus estimate of $249.20 million. Mueller Water Products had a net margin of 7.56% and a return on equity of 13.23%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 earnings per share.

NYSE MWA traded up $0.08 during trading hours on Friday, hitting $14.90. 21,112 shares of the stock were exchanged, compared to its average volume of 761,828. The company has a market cap of $2.36 billion, a P/E ratio of 31.06, a price-to-earnings-growth ratio of 2.02 and a beta of 1.30. Mueller Water Products has a 12-month low of $8.80 and a 12-month high of $15.05. The stock has a 50-day moving average of $14.40. The company has a current ratio of 3.83, a quick ratio of 2.71 and a debt-to-equity ratio of 0.67.

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The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 20th. Stockholders of record on Monday, May 10th were paid a dividend of $0.055 per share. The ex-dividend date was Friday, May 7th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.48%. Mueller Water Products’s dividend payout ratio (DPR) is 42.31%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. boosted its holdings in shares of Mueller Water Products by 6.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 14,023 shares of the industrial products company’s stock valued at $195,000 after purchasing an additional 900 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of Mueller Water Products by 0.7% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 194,809 shares of the industrial products company’s stock valued at $2,706,000 after purchasing an additional 1,432 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Mueller Water Products by 2.6% in the 1st quarter. US Bancorp DE now owns 67,540 shares of the industrial products company’s stock valued at $938,000 after purchasing an additional 1,700 shares during the last quarter. Seelaus Asset Management LLC boosted its holdings in shares of Mueller Water Products by 7.7% in the 1st quarter. Seelaus Asset Management LLC now owns 24,950 shares of the industrial products company’s stock valued at $347,000 after purchasing an additional 1,790 shares during the last quarter. Finally, Quadrature Capital Ltd boosted its holdings in shares of Mueller Water Products by 11.2% in the 1st quarter. Quadrature Capital Ltd now owns 17,835 shares of the industrial products company’s stock valued at $248,000 after purchasing an additional 1,803 shares during the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

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; 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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