Brokerages Anticipate Mueller Industries, Inc. (MLI) to Post $0.49 EPS
Mueller Industries, Inc. (NYSE:MLI) has received an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Zacks has also assigned Mueller Industries an industry rank of 110 out of 255 based on the ratings given to related companies.
Several brokerages recently weighed in on MLI. TheStreet raised shares of Mueller Industries from a “c” rating to a “b-” rating in a research note on Friday, May 18th. Boenning Scattergood began coverage on shares of Mueller Industries in a research note on Friday, May 18th. They set a “neutral” rating on the stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new position in Mueller Industries during the 1st quarter worth approximately $174,000. Raymond James Financial Services Advisors Inc. acquired a new position in Mueller Industries during the 2nd quarter worth approximately $203,000. Global X Management Co. LLC grew its holdings in Mueller Industries by 108.9% during the 1st quarter. Global X Management Co. LLC now owns 8,335 shares of the industrial products company’s stock worth $218,000 after acquiring an additional 4,345 shares in the last quarter. CIBC Asset Management Inc acquired a new position in Mueller Industries during the 2nd quarter worth approximately $222,000. Finally, Advisor Partners LLC acquired a new position in Mueller Industries during the 2nd quarter worth approximately $256,000. Institutional investors own 90.73% of the company’s stock.
MLI traded up $0.07 during trading hours on Tuesday, hitting $32.06. 140,616 shares of the company’s stock were exchanged, compared to its average volume of 242,353. Mueller Industries has a 12-month low of $25.26 and a 12-month high of $37.57. The company has a market cap of $1.84 billion, a P/E ratio of 21.52 and a beta of 1.44. The company has a quick ratio of 2.35, a current ratio of 3.43 and a debt-to-equity ratio of 0.98.
Mueller Industries (NYSE:MLI) last announced its earnings results on Tuesday, July 24th. The industrial products company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Mueller Industries had a net margin of 3.59% and a return on equity of 16.10%. The firm had revenue of $662.77 million for the quarter, compared to the consensus estimate of $663.41 million. research analysts forecast that Mueller Industries will post 1.82 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, September 6th. Mueller Industries’s dividend payout ratio (DPR) is presently 26.85%.
Mueller Industries Company Profile
Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, Asia, and Mexico. Its Piping Systems segment manufactures copper tubes and fittings, plastic fittings, line sets, and related components for water distribution system, heating system, air-conditioning, and refrigeration applications, as well as drainage, waste, and vent systems.
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