Mueller Water Products (MWA) to Release Quarterly Earnings on Wednesday

Mueller Water Products (NYSE:MWA) will issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Mueller Water Products (NYSE:MWA) last released its earnings results on Monday, August 5th. The industrial products company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.10. The firm had revenue of $356.70 million for the quarter, compared to analysts’ expectations of $329.67 million. Mueller Water Products had a return on equity of 19.46% and a net margin of 9.71%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the prior 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 Price Performance

MWA opened at $21.91 on Monday. Mueller Water Products has a 1 year low of $12.39 and a 1 year high of $23.12. The stock has a 50-day moving average price of $21.37 and a 200-day moving average price of $19.56. The firm has a market cap of $3.41 billion, a PE ratio of 28.09, a P/E/G ratio of 1.36 and a beta of 1.34. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.70 and a quick ratio of 2.31.

Mueller Water Products Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Friday, November 8th will be issued a $0.067 dividend. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.06. This represents a $0.27 annualized dividend and a yield of 1.22%. Mueller Water Products’s payout ratio is 33.33%.

Insider Activity

In related news, Director Thomas J. Hansen sold 10,791 shares of Mueller Water Products stock in a transaction on Monday, August 19th. The stock was sold at an average price of $20.55, for a total value of $221,755.05. Following the completion of the sale, the director now owns 102,792 shares of the company’s stock, valued at $2,112,375.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Christine Ortiz sold 8,800 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $19.94, for a total transaction of $175,472.00. Following the completion of the sale, the director now owns 34,699 shares of the company’s stock, valued at $691,898.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas J. Hansen sold 10,791 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $20.55, for a total transaction of $221,755.05. Following the completion of the transaction, the director now directly owns 102,792 shares in the company, valued at approximately $2,112,375.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 256,869 shares of company stock valued at $5,141,842 in the last ninety days. 1.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.