$177.54 Million in Sales Expected for Mueller Water Products (MWA) This Quarter
Brokerages forecast that Mueller Water Products (NYSE:MWA) will report sales of $177.54 million for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Mueller Water Products’ earnings, with the highest sales estimate coming in at $181.00 million and the lowest estimate coming in at $174.00 million. Mueller Water Products reported sales of $167.20 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.2%. The company is expected to announce its next earnings results on Thursday, February 1st.
On average, analysts expect that Mueller Water Products will report full year sales of $177.54 million for the current fiscal year, with estimates ranging from $864.78 million to $905.00 million. For the next year, analysts expect that the business will post sales of $921.27 million per share, with estimates ranging from $900.27 million to $968.00 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Mueller Water Products.
Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.15. The firm had revenue of $226.90 million for the quarter, compared to analyst estimates of $227.14 million. Mueller Water Products had a return on equity of 15.43% and a net margin of 14.93%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share.
A number of analysts have recently issued reports on MWA shares. Robert W. Baird reaffirmed a “hold” rating and issued a $14.00 price target on shares of Mueller Water Products in a research note on Friday, November 10th. Boenning Scattergood raised Mueller Water Products from a “neutral” rating to an “outperform” rating and set a $14.00 price target on the stock in a research note on Tuesday, September 5th. Royal Bank Of Canada reissued a “buy” rating and set a $14.00 price objective on shares of Mueller Water Products in a research note on Wednesday, October 11th. BidaskClub lowered Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Finally, Cowen reissued a “hold” rating and set a $12.00 price objective on shares of Mueller Water Products in a research note on Thursday, September 21st. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $13.75.
In other Mueller Water Products news, insider Gregory E. Hyland sold 84,514 shares of Mueller Water Products stock in a transaction on Friday, November 24th. The stock was sold at an average price of $12.27, for a total value of $1,036,986.78. Following the sale, the insider now owns 979,481 shares in the company, valued at $12,018,231.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gregory E. Hyland sold 142,243 shares of Mueller Water Products stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $12.37, for a total value of $1,759,545.91. Following the completion of the sale, the insider now owns 979,481 shares in the company, valued at approximately $12,116,179.97. The disclosure for this sale can be found here. Insiders have sold 693,656 shares of company stock worth $8,514,160 in the last three months. 4.30% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the business. Belpointe Asset Management LLC purchased a new stake in Mueller Water Products in the third quarter valued at $131,000. Colony Group LLC purchased a new stake in Mueller Water Products in the second quarter valued at $135,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Mueller Water Products in the second quarter valued at $140,000. Teacher Retirement System of Texas raised its position in Mueller Water Products by 1.5% in the second quarter. Teacher Retirement System of Texas now owns 13,074 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 191 shares during the period. Finally, Boothbay Fund Management LLC purchased a new stake in Mueller Water Products in the third quarter valued at $158,000. Institutional investors own 84.32% of the company’s stock.
Shares of Mueller Water Products (NYSE:MWA) traded up $0.10 during trading hours on Friday, hitting $12.35. The stock had a trading volume of 895,521 shares, compared to its average volume of 973,231. The company has a debt-to-equity ratio of 0.97, a current ratio of 4.73 and a quick ratio of 3.75. The firm has a market capitalization of $1,952.07, a price-to-earnings ratio of 28.72, a PEG ratio of 1.56 and a beta of 1.33. Mueller Water Products has a 12-month low of $10.84 and a 12-month high of $14.20.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Friday, November 10th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Thursday, November 9th. Mueller Water Products’s dividend payout ratio (DPR) is currently 21.05%.
About Mueller Water Products
Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co, Anvil and Mueller Technologies. The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.
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