Somewhat Positive Media Coverage Somewhat Unlikely to Affect MUELLER WATER PRODUCTS (MWA) Share Price
News articles about MUELLER WATER PRODUCTS (NYSE:MWA) have trended somewhat positive on Monday, according to Accern Sentiment. The research group rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MUELLER WATER PRODUCTS earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 46.7410420964397 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Mueller Water Products (MWA) to Post FY2017 Earnings of $0.45 Per Share, Northcoast Research Forecasts (americanbankingnews.com)
- Reviewing Mueller Water Products (MWA) & The Competition (americanbankingnews.com)
- Robert W. Baird Reiterates Hold Rating for Mueller Water Products (MWA) (americanbankingnews.com)
- Mueller Water announces restructuring and CFO retirement (seekingalpha.com)
- Mueller Water Products Announces Strategic Reorganization and Restructuring to Drive Innovation, Accelerate Growth and Reduce Costs (finance.yahoo.com)
MUELLER WATER PRODUCTS (NYSE:MWA) opened at 12.08 on Monday. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 15.01 and a beta of 1.36. The company has a 50 day moving average price of $11.79 and a 200-day moving average price of $11.71. MUELLER WATER PRODUCTS has a 1-year low of $10.45 and a 1-year high of $14.20.
MUELLER WATER PRODUCTS (NYSE:MWA) last issued its earnings results on Thursday, August 3rd. The industrial products company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $232.20 million during the quarter, compared to analysts’ expectations of $235.07 million. MUELLER WATER PRODUCTS had a return on equity of 16.85% and a net margin of 14.47%. MUELLER WATER PRODUCTS’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 EPS. On average, analysts forecast that MUELLER WATER PRODUCTS will post $0.44 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Friday, August 11th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.32%. The ex-dividend date was Wednesday, August 9th. MUELLER WATER PRODUCTS’s dividend payout ratio is presently 20.00%.
MWA has been the topic of a number of recent research reports. Zacks Investment Research lowered MUELLER WATER PRODUCTS from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. BidaskClub raised MUELLER WATER PRODUCTS from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Oppenheimer Holdings, Inc. set a $13.00 price target on MUELLER WATER PRODUCTS and gave the company a “buy” rating in a research note on Monday, July 31st. Robert W. Baird reissued a “hold” rating and set a $13.00 price target on shares of MUELLER WATER PRODUCTS in a research note on Friday. Finally, Boenning Scattergood raised MUELLER WATER PRODUCTS from a “neutral” rating to an “outperform” rating and set a $14.00 price target on the stock in a research note on Tuesday, September 5th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $13.88.
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In related news, Director Shirley C. Franklin sold 9,156 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $11.40, for a total transaction of $104,378.40. Following the completion of the sale, the director now directly owns 39,157 shares in the company, valued at approximately $446,389.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.30% of the company’s stock.
About MUELLER WATER PRODUCTS
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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