Mueller Industries (NYSE:MLI – Get Free Report) announced its quarterly earnings data on Tuesday. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.16, Briefing.com reports. Mueller Industries had a return on equity of 22.86% and a net margin of 16.19%. The firm had revenue of $997.80 million during the quarter, compared to the consensus estimate of $936.00 million. The firm’s quarterly revenue was up 21.7% on a year-over-year basis.
Mueller Industries Stock Up 14.1 %
MLI stock opened at $82.22 on Wednesday. The company has a 50 day moving average of $70.97 and a two-hundred day moving average of $63.14. Mueller Industries has a 12-month low of $35.01 and a 12-month high of $84.11. The company has a market cap of $9.34 billion, a price-to-earnings ratio of 16.48 and a beta of 1.03.
Mueller Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were paid a $0.20 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.80 annualized dividend and a yield of 0.97%. Mueller Industries’s dividend payout ratio is presently 16.03%.
Insider Transactions at Mueller Industries
Mueller Industries Company Profile
Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. It operates through three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples.
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