Mueller Water Products (MWA) Forecasted to Post FY2018 Earnings of $0.51 Per Share
Mueller Water Products (NYSE:MWA) – Stock analysts at DA Davidson reduced their FY2018 earnings estimates for Mueller Water Products in a research report issued on Thursday. DA Davidson analyst B. Thielman now forecasts that the industrial products company will post earnings per share of $0.51 for the year, down from their previous forecast of $0.52.
Several other brokerages have also recently issued reports on MWA. Boenning Scattergood raised shares of Mueller Water Products from a “neutral” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research note on Tuesday, September 5th. Robert W. Baird reissued a “hold” rating and issued a $14.00 price objective on shares of Mueller Water Products in a research note on Wednesday, October 4th. BidaskClub cut shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $14.00 price target on shares of Mueller Water Products in a research note on Wednesday, October 11th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $12.00 price target on shares of Mueller Water Products in a research note on Thursday, September 21st. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $13.75.
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Shares of Mueller Water Products (MWA) traded up $0.18 on Monday, reaching $12.22. 673,746 shares of the company’s stock traded hands, compared to its average volume of 913,595. The company has a current ratio of 5.90, a quick ratio of 4.63 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $1,909.43, a price-to-earnings ratio of 28.00, a PEG ratio of 1.83 and a beta of 1.32.
Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The firm had revenue of $226.90 million during the quarter, compared to the consensus estimate of $227.14 million. Mueller Water Products had a net margin of 14.93% and a return on equity of 15.83%. Mueller Water Products’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 EPS.
Large investors have recently added to or reduced their stakes in the business. Colony Group LLC purchased a new position in Mueller Water Products in the 2nd quarter valued at about $135,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Mueller Water Products in the 2nd quarter valued at about $140,000. HighTower Advisors LLC purchased a new position in Mueller Water Products in the 1st quarter valued at about $143,000. Teacher Retirement System of Texas lifted its holdings in Mueller Water Products by 1.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 13,074 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 191 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in Mueller Water Products by 2.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,730 shares of the industrial products company’s stock valued at $160,000 after purchasing an additional 266 shares in the last quarter. Institutional investors own 84.05% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Friday, November 10th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.16 dividend on an annualized basis and a yield of 1.31%. Mueller Water Products’s dividend payout ratio (DPR) is 21.05%.
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 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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