Mueller Water Products, Inc. (NYSE:MWA) – Research analysts at Oppenheimer issued their Q1 2019 earnings per share (EPS) estimates for shares of Mueller Water Products in a note issued to investors on Tuesday, November 6th. Oppenheimer analyst B. Blair expects that the industrial products company will earn $0.06 per share for the quarter. Oppenheimer has a “Buy” rating on the stock. Oppenheimer also issued estimates for Mueller Water Products’ Q2 2019 earnings at $0.13 EPS, Q3 2019 earnings at $0.21 EPS, Q4 2019 earnings at $0.20 EPS, FY2019 earnings at $0.60 EPS and FY2020 earnings at $0.70 EPS.
MWA has been the topic of a number of other reports. DA Davidson restated a “neutral” rating on shares of Mueller Water Products in a research note on Friday, July 20th. Zacks Investment Research upgraded shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Nomura cut their target price on shares of Mueller Water Products from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, September 12th. Finally, Seaport Global Securities lowered shares of Mueller Water Products from a “buy” rating to a “neutral” rating and cut their target price for the stock from $15.00 to $12.50 in a research note on Wednesday, August 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $13.36.
Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Monday, November 5th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.17. The company had revenue of $254.30 million for the quarter, compared to analyst estimates of $239.79 million. Mueller Water Products had a net margin of 11.53% and a return on equity of 15.84%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Friday, November 9th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.71%. Mueller Water Products’s payout ratio is 37.74%.
A number of institutional investors have recently made changes to their positions in MWA. Brown Advisory Inc. purchased a new position in Mueller Water Products in the second quarter valued at approximately $24,053,000. Millennium Management LLC boosted its holdings in shares of Mueller Water Products by 143.7% in the second quarter. Millennium Management LLC now owns 1,711,236 shares of the industrial products company’s stock valued at $20,056,000 after acquiring an additional 1,008,978 shares during the period. BlackRock Inc. boosted its holdings in shares of Mueller Water Products by 7.8% in the second quarter. BlackRock Inc. now owns 10,897,164 shares of the industrial products company’s stock valued at $127,714,000 after acquiring an additional 786,122 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Mueller Water Products by 64.5% in the second quarter. Russell Investments Group Ltd. now owns 993,567 shares of the industrial products company’s stock valued at $11,642,000 after acquiring an additional 389,432 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of Mueller Water Products by 23.0% in the second quarter. First Trust Advisors LP now owns 1,475,081 shares of the industrial products company’s stock valued at $17,288,000 after acquiring an additional 275,430 shares during the period. Institutional investors own 86.34% of the company’s stock.
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 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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