Equities research analysts predict that Mueller Water Products, Inc. (NYSE:MWA) will report earnings per share of $0.20 for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Mueller Water Products’ earnings, with the highest EPS estimate coming in at $0.22 and the lowest estimate coming in at $0.19. Mueller Water Products posted earnings per share of $0.17 in the same quarter last year, which suggests a positive year over year growth rate of 17.6%. The company is expected to announce its next quarterly earnings report on Monday, November 4th.

According to Zacks, analysts expect that Mueller Water Products will report full-year earnings of $0.62 per share for the current fiscal year, with EPS estimates ranging from $0.56 to $0.63. For the next year, analysts expect that the company will report earnings of $0.68 per share, with EPS estimates ranging from $0.59 to $0.78. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Mueller Water Products.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Monday, August 5th. The industrial products company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. The firm had revenue of $274.30 million during the quarter, compared to the consensus estimate of $274.96 million. Mueller Water Products had a net margin of 5.09% and a return on equity of 17.10%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 earnings per share.

A number of research analysts have issued reports on the stock. ValuEngine cut shares of Mueller Water Products from a “hold” rating to a “sell” rating in a report on Thursday, June 27th. Goldman Sachs Group cut shares of Mueller Water Products from a “neutral” rating to a “sell” rating and dropped their target price for the company from $10.00 to $8.00 in a report on Wednesday, June 26th. Seaport Global Securities set a $12.00 target price on shares of Mueller Water Products and gave the company a “buy” rating in a report on Wednesday, August 7th. Boenning Scattergood raised shares of Mueller Water Products from a “neutral” rating to an “outperform” rating in a report on Tuesday, August 6th. Finally, Zacks Investment Research raised shares of Mueller Water Products from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $12.00.

NYSE:MWA traded up $0.03 during mid-day trading on Thursday, reaching $10.07. The stock had a trading volume of 1,042,700 shares, compared to its average volume of 925,996. The company has a quick ratio of 2.00, a current ratio of 3.15 and a debt-to-equity ratio of 0.79. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.08 and a beta of 1.14. Mueller Water Products has a twelve month low of $8.47 and a twelve month high of $12.17. The firm’s 50 day moving average price is $9.83.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Friday, August 9th will be paid a dividend of $0.052 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 2.07%. Mueller Water Products’s dividend payout ratio (DPR) is 39.62%.

In other Mueller Water Products news, Director Arsdell Stephen C. Van acquired 10,000 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was acquired at an average cost of $10.10 per share, with a total value of $101,000.00. Following the purchase, the director now directly owns 32,000 shares in the company, valued at approximately $323,200. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Gregory Rogowski sold 85,839 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $10.06, for a total transaction of $863,540.34. Following the transaction, the executive vice president now directly owns 425,473 shares of the company’s stock, valued at $4,280,258.38. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Manning & Napier Group LLC grew its stake in Mueller Water Products by 2.1% in the 1st quarter. Manning & Napier Group LLC now owns 88,671 shares of the industrial products company’s stock worth $889,000 after acquiring an additional 1,826 shares during the period. CWM Advisors LLC grew its stake in Mueller Water Products by 14.1% in the 2nd quarter. CWM Advisors LLC now owns 18,367 shares of the industrial products company’s stock worth $180,000 after acquiring an additional 2,270 shares during the period. Thompson Investment Management Inc. grew its stake in Mueller Water Products by 8.4% in the 2nd quarter. Thompson Investment Management Inc. now owns 34,825 shares of the industrial products company’s stock worth $342,000 after acquiring an additional 2,700 shares during the period. Stone Ridge Asset Management LLC grew its stake in Mueller Water Products by 15.9% in the 2nd quarter. Stone Ridge Asset Management LLC now owns 21,178 shares of the industrial products company’s stock worth $208,000 after acquiring an additional 2,900 shares during the period. Finally, UMB Bank N A MO grew its stake in Mueller Water Products by 17.4% in the 2nd quarter. UMB Bank N A MO now owns 20,822 shares of the industrial products company’s stock worth $204,000 after acquiring an additional 3,081 shares during the period. 86.22% of the stock is owned by hedge funds and other institutional investors.

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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