Q3 2017 EPS Estimates for MUELLER WATER PRODUCTS (MWA) Reduced by Analyst
MUELLER WATER PRODUCTS (NYSE:MWA) – Equities research analysts at Northcoast Research lowered their Q3 2017 earnings per share estimates for shares of MUELLER WATER PRODUCTS in a research note issued to investors on Tuesday. Northcoast Research analyst A. Cohen now expects that the brokerage will post earnings per share of $0.17 for the quarter, down from their prior estimate of $0.23. Northcoast Research has a “Buy” rating on the stock. Northcoast Research also issued estimates for MUELLER WATER PRODUCTS’s Q4 2017 earnings at $0.18 EPS and FY2017 earnings at $0.55 EPS.
MUELLER WATER PRODUCTS (NYSE:MWA) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by $0.01. MUELLER WATER PRODUCTS had a net margin of 5.61% and a return on equity of 20.57%. The firm had revenue of $302.50 million for the quarter, compared to analyst estimates of $325.14 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis.
Several other equities research analysts have also issued reports on MWA. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $15.00 price target (up previously from $13.00) on shares of MUELLER WATER PRODUCTS in a research note on Monday, November 28th. Zacks Investment Research upgraded shares of MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Tuesday. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. MUELLER WATER PRODUCTS has a consensus rating of “Buy” and an average price target of $13.30.
Shares of MUELLER WATER PRODUCTS (NYSE:MWA) traded up 1.34% on Thursday, reaching $12.89. 1,113,406 shares of the company’s stock traded hands. The firm has a market cap of $2.08 billion, a P/E ratio of 33.05 and a beta of 1.38. The company’s 50-day moving average price is $13.44 and its 200 day moving average price is $12.43. MUELLER WATER PRODUCTS has a one year low of $7.52 and a one year high of $14.20.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 shares of 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 last quarter. Nationwide Fund Advisors increased its position in shares of 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 last quarter. Airain ltd purchased a new position in shares of MUELLER WATER PRODUCTS during the second quarter valued at approximately $276,000. Finally, PNC Financial Services Group Inc. increased its position in shares of 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 last quarter. 84.97% of the stock is owned by institutional investors.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 21st. Investors of record on Friday, February 10th will be issued a $0.04 dividend. 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. This represents a $0.16 annualized dividend and a yield of 1.24%. MUELLER WATER PRODUCTS’s dividend payout ratio (DPR) is 30.77%.
MUELLER WATER PRODUCTS Company Profile
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.
Receive News & Ratings for MUELLER WATER PRODUCTS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MUELLER WATER PRODUCTS and related companies with Analyst Ratings Network's FREE daily email newsletter.