Mueller Water Products, Inc. (NYSE:MWA) – Research analysts at Seaport Global Securities boosted their Q2 2019 earnings per share estimates for Mueller Water Products in a research note issued to investors on Wednesday, November 7th. Seaport Global Securities analyst W. Liptak now expects that the industrial products company will post earnings per share of $0.15 for the quarter, up from their previous estimate of $0.14. Seaport Global Securities has a “Neutral” rating and a $12.50 price objective on the stock. Seaport Global Securities also issued estimates for Mueller Water Products’ Q3 2019 earnings at $0.23 EPS, Q1 2020 earnings at $0.08 EPS, Q2 2020 earnings at $0.19 EPS, Q3 2020 earnings at $0.26 EPS, Q4 2020 earnings at $0.18 EPS and FY2020 earnings at $0.71 EPS.
Mueller Water Products (NYSE:MWA) last released its earnings results on Monday, November 5th. The industrial products company reported $0.17 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.17. The firm had revenue of $254.30 million for the quarter, compared to the consensus estimate of $239.79 million. Mueller Water Products had a net margin of 11.53% and a return on equity of 15.84%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 EPS.
MWA stock traded down $0.22 during trading on Friday, hitting $11.40. 2,997 shares of the stock traded hands, compared to its average volume of 1,066,657. Mueller Water Products has a 1 year low of $9.59 and a 1 year high of $12.96. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 1.19 and a beta of 1.10. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.91 and a current ratio of 5.13.
A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its holdings in Mueller Water Products by 8.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,138,929 shares of the industrial products company’s stock valued at $13,109,000 after buying an additional 86,722 shares in the last quarter. Guyasuta Investment Advisors Inc. grew its holdings in Mueller Water Products by 5.9% during the 3rd quarter. Guyasuta Investment Advisors Inc. now owns 89,296 shares of the industrial products company’s stock valued at $1,028,000 after buying an additional 5,000 shares in the last quarter. Chartwell Investment Partners LLC grew its holdings in Mueller Water Products by 0.7% during the 3rd quarter. Chartwell Investment Partners LLC now owns 1,259,899 shares of the industrial products company’s stock valued at $14,501,000 after buying an additional 9,055 shares in the last quarter. ING Groep NV purchased a new stake in Mueller Water Products during the 3rd quarter valued at approximately $995,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Mueller Water Products during the 3rd quarter valued at approximately $1,593,000. 86.34% of the stock is owned by institutional investors.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Friday, November 9th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Thursday, November 8th. Mueller Water Products’s dividend payout ratio (DPR) is presently 37.74%.
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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