$0.07 EPS Expected for Mueller Water Products, Inc. (MWA) This Quarter

Equities analysts forecast that Mueller Water Products, Inc. (NYSE:MWA) will announce earnings per share (EPS) of $0.07 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Mueller Water Products’ earnings, with estimates ranging from $0.06 to $0.09. Mueller Water Products reported earnings of $0.06 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.7%. The firm is scheduled to announce its next earnings report on Thursday, February 7th.

According to Zacks, analysts expect that Mueller Water Products will report full year earnings of $0.62 per share for the current year, with EPS estimates ranging from $0.59 to $0.70. For the next year, analysts forecast that the firm will report earnings of $0.75 per share, with EPS estimates ranging from $0.70 to $0.83. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover Mueller Water Products.

Mueller Water Products (NYSE:MWA) last posted its earnings results on Monday, November 5th. The industrial products company reported $0.17 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. The firm had revenue of $254.30 million for the quarter, compared to analysts’ expectations of $239.79 million. Mueller Water Products had a net margin of 11.53% and a return on equity of 15.62%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 EPS.

A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Mueller Water Products from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. Nomura decreased their price objective on Mueller Water Products from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, September 12th. Oppenheimer set a $14.00 price objective on Mueller Water Products and gave the stock a “buy” rating in a research note on Wednesday, September 12th. Finally, Berenberg Bank began coverage on shares of Mueller Water Products in a research note on Wednesday, October 3rd. They set a “buy” rating and a $15.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $13.25.

Shares of NYSE:MWA traded down $0.15 during trading hours on Friday, hitting $9.00. The company’s stock had a trading volume of 2,069,869 shares, compared to its average volume of 897,177. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.17 and a current ratio of 4.10. Mueller Water Products has a 52 week low of $8.94 and a 52 week high of $12.83. The firm has a market cap of $1.45 billion, a P/E ratio of 16.98, a P/E/G ratio of 1.10 and a beta of 1.11.

In related news, Director Michael T. Tokarz sold 9,546 shares of the stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $10.27, for a total value of $98,037.42. Following the completion of the transaction, the director now owns 298,532 shares in the company, valued at approximately $3,065,923.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Hassan Ali sold 46,737 shares of the stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $10.54, for a total value of $492,607.98. Following the completion of the transaction, the senior vice president now owns 14,057 shares of the company’s stock, valued at approximately $148,160.78. The disclosure for this sale can be found here. In the last three months, insiders sold 109,416 shares of company stock valued at $1,155,915. Company insiders own 3.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in MWA. Blair William & Co. IL acquired a new position in shares of Mueller Water Products in the 3rd quarter valued at $115,000. Oppenheimer & Co. Inc. purchased a new stake in Mueller Water Products in the 3rd quarter worth about $147,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Mueller Water Products in the 2nd quarter worth about $157,000. Signaturefd LLC purchased a new stake in Mueller Water Products in the 2nd quarter worth about $171,000. Finally, UMB Bank N A MO purchased a new stake in Mueller Water Products in the 3rd quarter worth about $172,000. Institutional investors and hedge funds own 86.01% of the company’s stock.

About Mueller Water Products

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.

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