Analysts predict that Mueller Water Products, Inc. (NYSE:MWA) will report sales of $213.15 million for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Mueller Water Products’ earnings, with the lowest sales estimate coming in at $211.00 million and the highest estimate coming in at $215.00 million. Mueller Water Products reported sales of $199.70 million during the same quarter last year, which indicates a positive year over year growth rate of 6.7%. The firm is scheduled to issue its next earnings results on Thursday, April 26th.
On average, analysts expect that Mueller Water Products will report full-year sales of $213.15 million for the current year, with estimates ranging from $866.00 million to $890.00 million. For the next year, analysts forecast that the business will post sales of $928.08 million per share, with estimates ranging from $908.30 million to $964.00 million. Zacks’ sales calculations 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 posted its earnings results on Thursday, February 1st. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. Mueller Water Products had a net margin of 20.51% and a return on equity of 15.25%. The firm had revenue of $178.30 million during the quarter, compared to analysts’ expectations of $176.13 million. During the same period in the previous year, the business posted $0.04 EPS. The business’s revenue was up 6.6% compared to the same quarter last year.
In other news, CFO Evan Hart sold 49,883 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $12.28, for a total transaction of $612,563.24. Following the transaction, the chief financial officer now owns 145,530 shares of the company’s stock, valued at approximately $1,787,108.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Gregory E. Hyland sold 50,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $12.27, for a total transaction of $613,500.00. Following the transaction, the chairman now directly owns 979,481 shares in the company, valued at approximately $12,018,231.87. The disclosure for this sale can be found here. Insiders have sold 476,640 shares of company stock valued at $5,886,596 in the last ninety days. Insiders own 3.00% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. boosted its position in shares of Mueller Water Products by 2.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,730 shares of the industrial products company’s stock valued at $160,000 after acquiring an additional 266 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in Mueller Water Products by 4.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 106,033 shares of the industrial products company’s stock valued at $1,329,000 after buying an additional 4,600 shares during the last quarter. TD Asset Management Inc. lifted its position in Mueller Water Products by 5.3% in the third quarter. TD Asset Management Inc. now owns 92,900 shares of the industrial products company’s stock valued at $1,189,000 after buying an additional 4,700 shares during the last quarter. Voya Investment Management LLC lifted its position in Mueller Water Products by 6.9% in the second quarter. Voya Investment Management LLC now owns 74,334 shares of the industrial products company’s stock valued at $868,000 after buying an additional 4,796 shares during the last quarter. Finally, Global X Management Co. LLC lifted its position in Mueller Water Products by 75.2% in the fourth quarter. Global X Management Co. LLC now owns 11,284 shares of the industrial products company’s stock valued at $141,000 after buying an additional 4,845 shares during the last quarter. 83.18% of the stock is currently owned by hedge funds and other institutional investors.
Mueller Water Products (NYSE:MWA) traded up $0.02 on Friday, hitting $11.23. 928,900 shares of the company traded hands, compared to its average volume of 1,284,106. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.68 and a current ratio of 6.19. Mueller Water Products has a 1 year low of $10.54 and a 1 year high of $12.99. The firm has a market cap of $1,782.81, a PE ratio of 10.59, a P/E/G ratio of 1.65 and a beta of 1.20.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Friday, February 9th will be issued a dividend of $0.05 per share. This is a positive change from Mueller Water Products’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.78%. Mueller Water Products’s dividend payout ratio is presently 18.87%.
Mueller Water Products Company Profile
Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co, Anvil and Mueller Technologies. The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.
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