Analysts expect Mueller Water Products, Inc. (NYSE:MWA) to report $0.15 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Mueller Water Products’ earnings. The highest EPS estimate is $0.17 and the lowest is $0.14. Mueller Water Products posted earnings per share of $0.19 during the same quarter last year, which indicates a negative year-over-year growth rate of 21.1%. The firm is expected to announce its next quarterly earnings results after the market closes on Monday, November 9th.
On average, analysts expect that Mueller Water Products will report full year earnings of $0.50 per share for the current financial year, with EPS estimates ranging from $0.48 to $0.52. For the next financial year, analysts expect that the business will post earnings of $0.58 per share, with EPS estimates ranging from $0.52 to $0.62. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that follow Mueller Water Products.
Mueller Water Products (NYSE:MWA) last issued its earnings results on Wednesday, August 5th. The industrial products company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. Mueller Water Products had a return on equity of 14.01% and a net margin of 8.85%. The business had revenue of $228.50 million during the quarter, compared to the consensus estimate of $210.65 million.
In other news, CFO Marietta Edmunds Zakas sold 34,965 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $11.31, for a total value of $395,454.15. Following the completion of the transaction, the chief financial officer now directly owns 303,130 shares in the company, valued at approximately $3,428,400.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shirley C. Franklin sold 25,806 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $11.11, for a total value of $286,704.66. Following the completion of the transaction, the director now owns 77,719 shares of the company’s stock, valued at $863,458.09. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. raised its stake in shares of Mueller Water Products by 1.1% during the third quarter. Envestnet Asset Management Inc. now owns 92,500 shares of the industrial products company’s stock worth $961,000 after acquiring an additional 964 shares in the last quarter. Banque Cantonale Vaudoise lifted its stake in Mueller Water Products by 8.3% in the second quarter. Banque Cantonale Vaudoise now owns 25,194 shares of the industrial products company’s stock worth $238,000 after purchasing an additional 1,941 shares during the last quarter. Cambiar Investors LLC boosted its position in Mueller Water Products by 1.1% during the second quarter. Cambiar Investors LLC now owns 216,062 shares of the industrial products company’s stock valued at $2,037,000 after buying an additional 2,331 shares during the period. Ellis Investment Partners LLC bought a new position in shares of Mueller Water Products during the second quarter valued at about $26,000. Finally, American International Group Inc. grew its stake in shares of Mueller Water Products by 3.2% during the second quarter. American International Group Inc. now owns 95,874 shares of the industrial products company’s stock valued at $904,000 after buying an additional 2,947 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.
Shares of Mueller Water Products stock traded up $0.23 on Thursday, reaching $11.07. The stock had a trading volume of 1,138,278 shares, compared to its average volume of 936,567. The business’s 50 day moving average is $10.76 and its two-hundred day moving average is $9.85. The company has a current ratio of 3.69, a quick ratio of 2.44 and a debt-to-equity ratio of 0.73. Mueller Water Products has a 1 year low of $6.64 and a 1 year high of $12.71. The company has a market cap of $1.75 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 1.98 and a beta of 1.33.
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 under the Mueller and Jones brand names; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.
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