FY2018 EPS Estimates for Mueller Water Products (MWA) Lowered by Analyst
Mueller Water Products (NYSE:MWA) – Equities research analysts at Gabelli decreased their FY2018 earnings estimates for Mueller Water Products in a research note issued on Tuesday. Gabelli analyst J. Garza now forecasts that the brokerage will earn $0.60 per share for the year, down from their previous forecast of $0.70.
Mueller Water Products (NYSE:MWA) last released its earnings results on Wednesday, November 2nd. The company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.01. The company had revenue of $302.50 million for the quarter, compared to the consensus estimate of $325.14 million. Mueller Water Products had a net margin of 5.61% and a return on equity of 20.57%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS.
A number of other equities analysts also recently issued reports on the company. Zacks Investment Research downgraded Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Thursday. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $15.00 price target on shares of Mueller Water Products in a research report on Wednesday. Finally, Northcoast Research upgraded Mueller Water Products from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 12th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $13.30.
Mueller Water Products (NYSE:MWA) traded up 1.34% during trading on Thursday, hitting $12.89. The stock had a trading volume of 1,104,874 shares. The company has a market cap of $2.08 billion, a PE ratio of 33.05 and a beta of 1.38. The company’s 50 day moving average is $13.46 and its 200-day moving average is $12.41. Mueller Water Products has a 12 month low of $7.52 and a 12 month high of $14.20.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 21st. Stockholders of record on Friday, February 10th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Wednesday, February 8th. This is an increase from Mueller Water Products’s previous quarterly dividend of $0.03. Mueller Water Products’s dividend payout ratio (DPR) is 30.77%.
Several institutional investors have recently added to or reduced their stakes in MWA. Victory Capital Management Inc. increased its position in Mueller Water Products by 156.3% in the second quarter. Victory Capital Management Inc. now owns 13,859 shares of the company’s stock valued at $158,000 after buying an additional 8,452 shares during the period. UBS Asset Management Americas Inc. increased its position in Mueller Water Products by 1.8% in the second quarter. UBS Asset Management Americas Inc. now owns 113,767 shares of the company’s stock valued at $1,299,000 after buying an additional 2,050 shares during the period. Nationwide Fund Advisors increased its position in Mueller Water Products by 81.2% in the second quarter. Nationwide Fund Advisors now owns 262,807 shares of the company’s stock valued at $3,001,000 after buying an additional 117,780 shares during the period. Airain ltd purchased a new position in Mueller Water Products during the second quarter valued at $276,000. Finally, PNC Financial Services Group Inc. increased its position in Mueller Water Products by 102.4% in the second quarter. PNC Financial Services Group Inc. now owns 37,902 shares of the company’s stock valued at $433,000 after buying an additional 19,175 shares during the period. Institutional investors and hedge funds own 84.97% of the company’s stock.
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. The Company’s product portfolio includes engineered valves, fire hydrants, metering products and systems, leak detection and pipe condition assessment, which are used by municipalities, and residential and non-residential construction industries.
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