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

Mueller Water Products (NYSE:MWA) is set 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. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data 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 business had revenue of $356.70 million during 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 business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm posted $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 Stock Up 2.0 %

Shares of NYSE:MWA traded up $0.45 during trading on Tuesday, hitting $22.50. The company’s stock had a trading volume of 81,315 shares, compared to its average volume of 1,239,680. The company has a market capitalization of $3.51 billion, a PE ratio of 28.27, a P/E/G ratio of 1.38 and a beta of 1.34. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.31 and a current ratio of 3.70. Mueller Water Products has a fifty-two week low of $12.39 and a fifty-two week high of $23.12. The business has a 50 day moving average price of $21.39 and a two-hundred day moving average price of $19.61.

Mueller Water Products Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MWA shares. Royal Bank of Canada lifted their price objective on Mueller Water Products from $20.00 to $23.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. TD Cowen downgraded shares of Mueller Water Products from a “buy” rating to a “hold” rating and lifted their price target for the stock from $19.00 to $20.00 in a research note on Friday, August 9th. StockNews.com downgraded shares of Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 30th. Finally, Oppenheimer lifted their price objective on shares of Mueller Water Products from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $21.60.

Insider Activity at Mueller Water Products

In other Mueller Water Products news, insider J Scott Hall sold 135,253 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 544,029 shares of the company’s stock, valued at approximately $11,065,549.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Mueller Water Products news, insider J Scott Hall sold 135,253 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $20.34, for a total value of $2,751,046.02. Following the completion of the transaction, the insider now owns 544,029 shares in the company, valued at $11,065,549.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas J. Hansen sold 10,791 shares of Mueller Water Products stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $20.55, for a total value of $221,755.05. Following the sale, the director now owns 102,792 shares in the company, valued at $2,112,375.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 256,869 shares of company stock valued at $5,141,842 over the last three months. 1.40% of the stock is owned by corporate 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.