Equities analysts expect Mueller Water Products, Inc. (NYSE:MWA) to report $177.54 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Mueller Water Products’ earnings, with the lowest sales estimate coming in at $174.00 million and the highest estimate coming in at $181.00 million. Mueller Water Products reported sales of $167.20 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.2%. The firm is scheduled to announce its next quarterly 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 financial year, with estimates ranging from $864.78 million to $905.00 million. For the next year, analysts expect that the business will report sales of $921.27 million per share, with estimates ranging from $900.27 million to $968.00 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Mueller Water Products.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. Mueller Water Products had a return on equity of 15.43% and a net margin of 14.93%. The company had revenue of $226.90 million during the quarter, compared to analyst estimates of $227.14 million. During the same period in the prior year, the company earned $0.17 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis.

Several research firms have recently issued reports on MWA. Robert W. Baird reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Mueller Water Products in a research note on Friday, November 10th. Cowen reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Mueller Water Products in a research note on Thursday, September 21st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Mueller Water Products in a research note on Wednesday, October 11th. Finally, Boenning Scattergood reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Mueller Water Products in a research note on Thursday, November 2nd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Mueller Water Products currently has a consensus rating of “Buy” and a consensus target price of $13.75.

Mueller Water Products (NYSE MWA) opened at $12.58 on Wednesday. The company has a market capitalization of $1,980.17, a P/E ratio of 16.55, a P/E/G ratio of 1.57 and a beta of 1.33. Mueller Water Products has a one year low of $10.84 and a one year high of $14.02. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.75 and a current ratio of 4.73.

In other news, CFO Evan Hart sold 167,016 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $12.11, for a total value of $2,022,563.76. Following the sale, the chief financial officer now directly owns 355,862 shares in the company, valued at $4,309,488.82. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Gregory E. Hyland sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $12.27, for a total value of $613,500.00. Following the completion of the sale, the chairman now owns 979,481 shares in the company, valued at $12,018,231.87. The disclosure for this sale can be found here. Insiders sold a total of 693,656 shares of company stock valued at $8,514,160 over the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas raised its holdings in shares of 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 worth $153,000 after buying an additional 191 shares during the period. Ameritas Investment Partners Inc. increased its holdings in Mueller Water Products by 2.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,730 shares of the industrial products company’s stock worth $160,000 after purchasing an additional 266 shares during the period. Oppenheimer & Co. Inc. increased its holdings in Mueller Water Products by 1.9% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 23,277 shares of the industrial products company’s stock worth $272,000 after purchasing an additional 424 shares during the period. Amalgamated Bank increased its holdings in Mueller Water Products by 2.6% during the 2nd quarter. Amalgamated Bank now owns 19,603 shares of the industrial products company’s stock worth $229,000 after purchasing an additional 500 shares during the period. Finally, Guyasuta Investment Advisors Inc. increased its holdings in Mueller Water Products by 1.3% during the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 74,256 shares of the industrial products company’s stock worth $867,000 after purchasing an additional 940 shares during the period. Hedge funds and other institutional investors own 84.03% of the company’s stock.

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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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Earnings History and Estimates for Mueller Water Products (NYSE:MWA)

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