Brokerages predict that Mueller Water Products, Inc. (NYSE:MWA) will announce $205.19 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Mueller Water Products’ earnings, with the highest sales estimate coming in at $206.97 million and the lowest estimate coming in at $204.00 million. Mueller Water Products posted sales of $192.80 million in the same quarter last year, which would suggest a positive year over year growth rate of 6.4%. The company is expected to announce its next earnings results on Monday, February 3rd.
According to Zacks, analysts expect that Mueller Water Products will report full-year sales of $1.01 billion for the current financial year, with estimates ranging from $1.01 billion to $1.02 billion. For the next financial year, analysts expect that the business will post sales of $1.06 billion, with estimates ranging from $1.04 billion to $1.09 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Mueller Water Products.
Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Mueller Water Products had a return on equity of 17.39% and a net margin of 6.59%. The firm had revenue of $266.90 million during the quarter, compared to analyst estimates of $279.05 million. During the same period in the prior year, the business posted $0.17 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis.
In other Mueller Water Products news, CFO Marietta Edmunds Zakas sold 34,965 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $10.93, for a total value of $382,167.45. Following the transaction, the chief financial officer now owns 278,864 shares in the company, valued at $3,047,983.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shirley C. Franklin sold 12,808 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $11.12, for a total value of $142,424.96. Following the completion of the transaction, the director now directly owns 40,084 shares in the company, valued at $445,734.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,693 shares of company stock valued at $545,885. Insiders own 1.70% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of MWA. Resources Investment Advisors LLC. raised its holdings in shares of Mueller Water Products by 224.2% during the 2nd quarter. Resources Investment Advisors LLC. now owns 5,350 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 3,700 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Mueller Water Products during the second quarter worth $83,000. Point72 Asset Management L.P. acquired a new position in Mueller Water Products during the third quarter worth $103,000. Fox Run Management L.L.C. bought a new position in Mueller Water Products during the third quarter valued at about $112,000. Finally, Paloma Partners Management Co bought a new position in Mueller Water Products during the second quarter valued at about $103,000. 86.65% of the stock is owned by institutional investors.
NYSE:MWA traded up $0.01 during trading hours on Monday, hitting $11.80. 666,347 shares of the stock traded hands, compared to its average volume of 867,744. The firm has a 50 day moving average price of $11.38 and a 200 day moving average price of $10.44. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 1.47 and a beta of 1.00. Mueller Water Products has a fifty-two week low of $8.47 and a fifty-two week high of $12.26. The company has a current ratio of 3.18, a quick ratio of 2.10 and a debt-to-equity ratio of 0.75.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Friday, November 8th were paid a $0.052 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.21 annualized dividend and a yield of 1.76%. Mueller Water Products’s dividend payout ratio is presently 34.43%.
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 in two segments, Infrastructure and Technologies. The Infrastructure segment offers valves for water and gas systems, including butterfly, iron gate, 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; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.
Featured Story: How Do I Invest in Dividend Stocks
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Mueller Water Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Water Products and related companies with MarketBeat.com's FREE daily email newsletter.