Q1 2019 EPS Estimates for Mueller Water Products, Inc. Lifted by Analyst (MWA)

Mueller Water Products, Inc. (NYSE:MWA) – Equities researchers at Boenning Scattergood increased their Q1 2019 EPS estimates for shares of Mueller Water Products in a research report issued on Tuesday, November 6th. Boenning Scattergood analyst R. Connors now expects that the industrial products company will post earnings of $0.08 per share for the quarter, up from their previous forecast of $0.05. Boenning Scattergood also issued estimates for Mueller Water Products’ Q3 2019 earnings at $0.18 EPS and Q4 2019 earnings at $0.18 EPS.

Mueller Water Products (NYSE:MWA) last issued its earnings results on Monday, November 5th. The industrial products company reported $0.17 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. Mueller Water Products had a return on equity of 15.84% and a net margin of 11.53%. The company had revenue of $254.30 million during the quarter, compared to the consensus estimate of $239.79 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The company’s revenue was up 12.1% compared to the same quarter last year.

Several other equities research analysts also recently weighed in on the company. Oppenheimer set a $14.00 target price on Mueller Water Products and gave the stock a “buy” rating in a research report on Wednesday, September 12th. Berenberg Bank assumed coverage on Mueller Water Products in a report on Wednesday, October 3rd. They issued a “buy” rating and a $15.00 price target for the company. Zacks Investment Research raised Mueller Water Products from a “sell” rating to a “hold” rating in a report on Saturday, August 18th. Seaport Global Securities downgraded 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 report on Wednesday, August 8th. Finally, Nomura reduced their price target on Mueller Water Products from $15.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, September 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $13.36.

Shares of NYSE MWA opened at $11.62 on Thursday. Mueller Water Products has a 1-year low of $9.59 and a 1-year high of $12.96. The company has a quick ratio of 3.91, a current ratio of 5.13 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $1.80 billion, a PE ratio of 21.92, a P/E/G ratio of 1.19 and a beta of 1.10.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Friday, November 9th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Thursday, November 8th. Mueller Water Products’s dividend payout ratio is currently 37.74%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in 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 purchasing an additional 786,122 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Mueller Water Products by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 6,213,845 shares of the industrial products company’s stock valued at $72,826,000 after purchasing an additional 69,511 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Mueller Water Products by 5.9% in the second quarter. Wells Fargo & Company MN now owns 2,336,375 shares of the industrial products company’s stock valued at $27,382,000 after purchasing an additional 129,134 shares during the last quarter. Deprince Race & Zollo Inc. boosted its holdings in Mueller Water Products by 5.3% in the second quarter. Deprince Race & Zollo Inc. now owns 2,290,158 shares of the industrial products company’s stock valued at $26,841,000 after purchasing an additional 115,516 shares during the last quarter. Finally, Royce & Associates LP raised its stake in Mueller Water Products by 2.3% during the second quarter. Royce & Associates LP now owns 2,200,276 shares of the industrial products company’s stock valued at $25,787,000 after buying an additional 50,087 shares in the last quarter. 86.34% of the stock is owned by hedge funds and other institutional investors.

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

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