Wall Street brokerages expect Mueller Water Products, Inc. (NYSE:MWA) to report $279.68 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Mueller Water Products’ earnings. The lowest sales estimate is $277.15 million and the highest is $282.00 million. Mueller Water Products posted sales of $254.30 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 10%. The business is expected to report its next earnings results on Monday, November 4th.

On average, analysts expect that Mueller Water Products will report full year sales of $981.72 million for the current fiscal year, with estimates ranging from $978.25 million to $986.80 million. For the next year, analysts anticipate that the firm will post sales of $1.04 billion, with estimates ranging from $1.02 billion to $1.05 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Mueller Water Products.

Mueller Water Products (NYSE:MWA) last released its earnings results on Monday, August 5th. The industrial products company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. Mueller Water Products had a net margin of 5.09% and a return on equity of 17.10%. The firm had revenue of $274.30 million for the quarter, compared to the consensus estimate of $274.96 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The company’s quarterly revenue was up 9.6% compared to the same quarter last year.

A number of equities research analysts recently issued reports on MWA shares. Goldman Sachs Group downgraded shares of Mueller Water Products from a “neutral” rating to a “sell” rating and decreased their price target for the company from $10.00 to $8.00 in a research note on Wednesday, June 26th. Zacks Investment Research raised shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Seaport Global Securities set a $12.00 price target on shares of Mueller Water Products and gave the company a “buy” rating in a research note on Wednesday, August 7th. ValuEngine raised shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Boenning Scattergood raised shares of Mueller Water Products from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Mueller Water Products presently has a consensus rating of “Buy” and an average price target of $12.00.

In other news, Director Arsdell Stephen C. Van acquired 10,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were acquired at an average price of $10.10 per share, for a total transaction of $101,000.00. Following the completion of the transaction, the director now directly owns 32,000 shares of the company’s stock, valued at approximately $323,200. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Gregory Rogowski sold 85,839 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $10.06, for a total transaction of $863,540.34. Following the transaction, the executive vice president now owns 425,473 shares in the company, valued at approximately $4,280,258.38. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Speece Thorson Capital Group Inc. grew its holdings in shares of Mueller Water Products by 62.2% in the second quarter. Speece Thorson Capital Group Inc. now owns 1,755,554 shares of the industrial products company’s stock worth $17,240,000 after purchasing an additional 673,350 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Mueller Water Products by 47.2% in the first quarter. Jennison Associates LLC now owns 721,373 shares of the industrial products company’s stock worth $7,243,000 after purchasing an additional 231,223 shares during the last quarter. Amalgamated Bank grew its holdings in Mueller Water Products by 58.0% during the 4th quarter. Amalgamated Bank now owns 21,931 shares of the industrial products company’s stock worth $200,000 after acquiring an additional 8,048 shares in the last quarter. Stevens First Principles Investment Advisors grew its holdings in Mueller Water Products by 12.2% during the 1st quarter. Stevens First Principles Investment Advisors now owns 253,486 shares of the industrial products company’s stock worth $2,545,000 after acquiring an additional 27,475 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in Mueller Water Products by 370.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 39,249 shares of the industrial products company’s stock worth $394,000 after acquiring an additional 30,913 shares in the last quarter. Institutional investors and hedge funds own 86.22% of the company’s stock.

Shares of MWA stock traded up $0.32 during mid-day trading on Friday, hitting $10.39. The company had a trading volume of 714,000 shares, compared to its average volume of 846,091. The company has a market capitalization of $1.63 billion, a P/E ratio of 19.60, a P/E/G ratio of 1.08 and a beta of 1.14. The stock’s 50 day moving average price is $9.86 and its 200-day moving average price is $10.07. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.15 and a quick ratio of 2.00. Mueller Water Products has a 52-week low of $8.47 and a 52-week high of $12.17.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Friday, August 9th will be given a dividend of $0.052 per share. This represents a $0.21 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, August 8th. Mueller Water Products’s dividend payout ratio (DPR) is 39.62%.

Mueller Water Products Company Profile

Mueller Water Products, Inc manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. It operates in two segments, Infrastructure and Technologies. The Infrastructure segment offers valves for water and gas systems, including butterfly, iron gate, tapping, check, knife, plug, automatic control, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks under the Mueller and Jones brand names; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.

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

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