Brokerages expect that Mueller Water Products, Inc. (NYSE:MWA) will announce sales of $240.69 million for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Mueller Water Products’ earnings. The lowest sales estimate is $238.00 million and the highest is $245.00 million. Mueller Water Products reported sales of $226.90 million in the same quarter last year, which indicates a positive year over year growth rate of 6.1%. The business is expected to announce its next earnings results on Wednesday, November 7th.
According to Zacks, analysts expect that Mueller Water Products will report full-year sales of $902.71 million for the current financial year, with estimates ranging from $899.95 million to $908.00 million. For the next financial year, analysts expect that the firm will report sales of $954.12 million, with estimates ranging from $929.00 million to $984.00 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Mueller Water Products.
Mueller Water Products (NYSE:MWA) last released its quarterly earnings data on Monday, August 6th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The business had revenue of $250.20 million during the quarter, compared to analysts’ expectations of $246.01 million. Mueller Water Products had a net margin of 11.24% and a return on equity of 15.67%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 EPS.
Several research firms have recently issued reports on MWA. Zacks Investment Research raised shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research report on Wednesday, September 26th. Oppenheimer set a $14.00 price target on shares of Mueller Water Products and gave the company a “buy” rating in a research report on Wednesday, September 12th. Nomura reduced their price target on shares of Mueller Water Products from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, September 12th. Seaport Global Securities cut shares of Mueller Water Products from a “buy” rating to a “neutral” rating and reduced their price target for the company from $15.00 to $12.50 in a research report on Wednesday, August 8th. Finally, DA Davidson reissued a “neutral” rating on shares of Mueller Water Products in a research report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.31.
Shares of Mueller Water Products stock traded down $0.05 during trading on Thursday, hitting $11.32. 438,600 shares of the stock were exchanged, compared to its average volume of 922,434. The stock has a market cap of $1.82 billion, a P/E ratio of 25.80, a price-to-earnings-growth ratio of 1.42 and a beta of 1.06. Mueller Water Products has a 12-month low of $9.59 and a 12-month high of $12.99. The company has a current ratio of 5.13, a quick ratio of 3.91 and a debt-to-equity ratio of 0.83.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. lifted its position in Mueller Water Products by 8.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,120,253 shares of the industrial products company’s stock valued at $13,130,000 after acquiring an additional 91,065 shares during the last quarter. Prudential Financial Inc. increased its stake in Mueller Water Products by 56.8% in the first quarter. Prudential Financial Inc. now owns 232,565 shares of the industrial products company’s stock valued at $2,528,000 after purchasing an additional 84,286 shares during the period. Stanley Laman Group Ltd. increased its stake in Mueller Water Products by 6.2% in the second quarter. Stanley Laman Group Ltd. now owns 120,998 shares of the industrial products company’s stock valued at $1,418,000 after purchasing an additional 7,107 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in Mueller Water Products in the second quarter valued at $157,000. Finally, First Republic Investment Management Inc. acquired a new position in Mueller Water Products in the first quarter valued at $126,000. 86.29% of the stock is owned by hedge funds and other institutional investors.
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 through Infrastructure and Technologies segments. The Infrastructure segment offers valves for water and gas systems, including iron gate, butterfly, 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; small valves, meter bars, and line stopper fittings for use in gas systems; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.
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