Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Mueller Water Products (MWA) Stock Price
News coverage about Mueller Water Products (NYSE:MWA) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mueller Water Products earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 47.0476739889735 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- ETFs with exposure to Mueller Water Products, Inc. : August 9, 2017 (finance.yahoo.com)
- Mueller Water Products (MWA) Expected to Earn FY2019 Earnings of $0.60 Per Share (americanbankingnews.com)
- Oppenheimer Holdings Research Analysts Lower Earnings Estimates for Mueller Water Products (NYSE:MWA) (americanbankingnews.com)
- Q4 2017 EPS Estimates for MUELLER WATER PRODUCTS Cut by Analyst (NYSE:MWA) (americanbankingnews.com)
- Research Analysts Offer Predictions for MUELLER WATER PRODUCTS’s FY2017 Earnings (NYSE:MWA) (americanbankingnews.com)
MWA has been the subject of a number of analyst reports. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Mueller Water Products in a research note on Tuesday, May 9th. BidaskClub upgraded Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. CIBC restated a “buy” rating on shares of Mueller Water Products in a research note on Wednesday, May 10th. Finally, Zacks Investment Research downgraded Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $14.00.
Shares of Mueller Water Products (NYSE:MWA) traded up 0.34% during trading on Friday, hitting $11.68. The stock had a trading volume of 932,899 shares. The firm has a market cap of $1.85 billion, a PE ratio of 14.51 and a beta of 1.37. Mueller Water Products has a 52-week low of $10.45 and a 52-week high of $14.20. The stock has a 50 day moving average of $11.60 and a 200 day moving average of $11.88.
Mueller Water Products (NYSE:MWA) last announced its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.16 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. The company had revenue of $232.20 million during the quarter, compared to the consensus estimate of $235.07 million. Mueller Water Products had a net margin of 14.47% and a return on equity of 16.85%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share. On average, equities analysts anticipate that Mueller Water Products will post $0.44 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Friday, August 11th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Wednesday, August 9th. Mueller Water Products’s dividend payout ratio (DPR) is currently 20.00%.
In related news, Director Bernard G. Rethore sold 56,400 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $11.23, for a total transaction of $633,372.00. Following the completion of the sale, the director now owns 27,303 shares of the company’s stock, valued at $306,612.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Shirley C. Franklin sold 9,156 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $11.40, for a total transaction of $104,378.40. Following the sale, the director now directly owns 39,157 shares of the company’s stock, valued at approximately $446,389.80. The disclosure for this sale can be found here. 4.30% of the stock is owned by company insiders.
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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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