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

Mueller Water Products (NYSE:MWA) will issue its quarterly earnings data after the market closes on Monday, August 5th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Mueller Water Products has set its FY 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.15. The firm had revenue of $353.40 million during the quarter, compared to analyst estimates of $299.62 million. Mueller Water Products had a return on equity of 16.97% and a net margin of 8.10%. Mueller Water Products’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 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 Stock Down 2.8 %

Shares of Mueller Water Products stock opened at $19.65 on Friday. The firm has a market cap of $3.06 billion, a P/E ratio of 30.70, a P/E/G ratio of 1.96 and a beta of 1.33. The business has a 50-day moving average price of $18.63 and a 200 day moving average price of $16.84. Mueller Water Products has a fifty-two week low of $12.11 and a fifty-two week high of $21.02. The company has a quick ratio of 2.08, a current ratio of 3.53 and a debt-to-equity ratio of 0.59.

Mueller Water Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Friday, August 9th will be issued a dividend of $0.064 per share. This represents a $0.26 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, August 9th. Mueller Water Products’s dividend payout ratio (DPR) is presently 40.63%.

Analyst Ratings Changes

Several research firms have recently commented on MWA. StockNews.com lowered Mueller Water Products from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd. Baird R W raised Mueller Water Products to a “hold” rating in a report on Wednesday, May 8th. Oppenheimer upped their target price on Mueller Water Products from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, July 2nd. Robert W. Baird upped their target price on Mueller Water Products from $18.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Finally, Royal Bank of Canada increased their price objective on Mueller Water Products from $17.00 to $20.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 8th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.75.

Insider Buying and Selling

In other Mueller Water Products news, Director Brian C. Healy acquired 2,650 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was acquired at an average cost of $19.18 per share, with a total value of $50,827.00. Following the acquisition, the director now directly owns 2,650 shares of the company’s stock, valued at approximately $50,827. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Brian C. Healy bought 2,650 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 2,650 shares of the company’s stock, valued at approximately $50,827. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kenji Takeuchi sold 6,658 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $19.09, for a total value of $127,101.22. Following the completion of the sale, the senior vice president now owns 28,334 shares of the company’s stock, valued at $540,896.06. The disclosure for this sale can be found here. Corporate 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.