Mueller Water Products, Inc. (MWA) Expected to Announce Earnings of $0.14 Per Share

Wall Street analysts predict that Mueller Water Products, Inc. (NYSE:MWA) will report $0.14 earnings per share for the current quarter, Zacks reports. Seven analysts have provided estimates for Mueller Water Products’ earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at $0.11. Mueller Water Products reported earnings per share of $0.12 in the same quarter last year, which would suggest a positive year over year growth rate of 16.7%. The firm is scheduled to announce its next quarterly earnings results on Monday, May 6th.

On average, 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 $0.68. For the next financial year, analysts forecast that the business will report earnings of $0.73 per share, with EPS estimates ranging from $0.65 to $0.80. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Mueller Water Products.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Monday, February 4th. The industrial products company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. The firm had revenue of $192.80 million for the quarter, compared to analyst estimates of $196.74 million. Mueller Water Products had a return on equity of 16.10% and a net margin of 3.17%.

MWA has been the topic of several recent research reports. ValuEngine lowered Mueller Water Products from a “hold” rating to a “sell” rating in a research report on Tuesday, January 22nd. Oppenheimer set a $13.00 price target on Mueller Water Products and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Zacks Investment Research raised Mueller Water Products from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Wednesday, January 9th. Goldman Sachs Group lowered Mueller Water Products from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $13.00 to $11.00 in a research report on Tuesday, February 26th. Finally, Boenning Scattergood reissued a “neutral” rating on shares of Mueller Water Products in a research report on Tuesday, February 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $12.21.

Hedge funds have recently bought and sold shares of the business. Blair William & Co. IL purchased a new stake in Mueller Water Products during the 3rd quarter worth approximately $115,000. CWM Advisors LLC bought a new stake in shares of Mueller Water Products in the 4th quarter valued at approximately $92,000. Paloma Partners Management Co bought a new stake in shares of Mueller Water Products in the 4th quarter valued at approximately $103,000. Quantamental Technologies LLC bought a new stake in shares of Mueller Water Products in the 4th quarter valued at approximately $112,000. Finally, Blueshift Asset Management LLC bought a new stake in shares of Mueller Water Products in the 4th quarter valued at approximately $124,000. Institutional investors own 86.68% of the company’s stock.

Mueller Water Products stock opened at $9.95 on Friday. The company has a market cap of $1.63 billion, a P/E ratio of 18.77, a P/E/G ratio of 1.25 and a beta of 1.09. The company has a current ratio of 3.14, a quick ratio of 1.99 and a debt-to-equity ratio of 0.83. Mueller Water Products has a one year low of $8.47 and a one year high of $12.59.

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.

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

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