Mueller Water Products, Inc. (NYSE:MWA) Forecasted to Earn Q1 2020 Earnings of $0.08 Per Share
Mueller Water Products, Inc. (NYSE:MWA) – Stock analysts at DA Davidson issued their Q1 2020 earnings per share (EPS) estimates for shares of Mueller Water Products in a research report issued to clients and investors on Thursday, November 7th. DA Davidson analyst B. Thielman expects that the industrial products company will post earnings of $0.08 per share for the quarter.
Several other research analysts also recently issued reports on MWA. Zacks Investment Research downgraded Mueller Water Products from a “hold” rating to a “sell” rating in a research note on Friday. TheStreet raised Mueller Water Products from a “c+” rating to a “b-” rating in a research note on Friday, September 13th. Seaport Global Securities set a $12.00 price target on Mueller Water Products and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Boenning Scattergood upgraded Mueller Water Products from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 6th. Finally, ValuEngine upgraded Mueller Water Products from a “sell” rating to a “hold” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $11.50.
Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $266.90 million for the quarter, compared to analyst estimates of $279.05 million. Mueller Water Products had a return on equity of 17.71% and a net margin of 6.59%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $0.17 EPS.
Institutional investors have recently bought and sold shares of the stock. Speece Thorson Capital Group Inc. increased its position in Mueller Water Products by 62.2% during the 2nd 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 in the last quarter. Bank of New York Mellon Corp increased its position in Mueller Water Products by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,222,061 shares of the industrial products company’s stock worth $12,001,000 after purchasing an additional 19,878 shares in the last quarter. Essex Investment Management Co. LLC increased its position in Mueller Water Products by 17.9% during the 3rd quarter. Essex Investment Management Co. LLC now owns 49,538 shares of the industrial products company’s stock worth $557,000 after purchasing an additional 7,520 shares in the last quarter. Paloma Partners Management Co purchased a new stake in Mueller Water Products during the 2nd quarter worth about $103,000. Finally, Harvey Partners LLC purchased a new stake in Mueller Water Products during the 2nd quarter worth about $1,228,000. Hedge funds and other institutional investors own 87.14% of the company’s stock.
In related news, EVP Gregory Rogowski sold 85,839 shares of Mueller Water Products stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $10.06, for a total transaction of $863,540.34. Following the completion of the sale, the executive vice president now owns 425,473 shares in the company, valued at approximately $4,280,258.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.70% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Friday, November 8th will be given a dividend of $0.052 per share. This represents a $0.21 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Thursday, November 7th. Mueller Water Products’s dividend payout ratio is presently 34.43%.
About Mueller Water Products
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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