Equities research analysts forecast that Mueller Water Products, Inc. (NYSE:MWA) will report earnings per share (EPS) of $0.12 for the current quarter, according to Zacks. Four analysts have provided estimates for Mueller Water Products’ earnings. Mueller Water Products posted earnings of $0.24 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 50%. The business is scheduled to announce its next quarterly earnings results on Monday, August 3rd.

On average, analysts expect that Mueller Water Products will report full year earnings of $0.44 per share for the current year, with EPS estimates ranging from $0.37 to $0.62. For the next year, analysts expect that the business will report earnings of $0.52 per share, with EPS estimates ranging from $0.26 to $0.67. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Mueller Water Products.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Monday, May 4th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.03. The business had revenue of $257.70 million during the quarter, compared to the consensus estimate of $240.67 million. Mueller Water Products had a return on equity of 17.67% and a net margin of 10.68%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 EPS.

A number of research analysts recently issued reports on MWA shares. Nomura reiterated a “buy” rating and set a $11.00 price objective on shares of Mueller Water Products in a research note on Thursday, April 23rd. Boenning Scattergood downgraded Mueller Water Products from an “outperform” rating to a “neutral” rating in a research note on Monday, March 16th. Nomura Securities boosted their price objective on Mueller Water Products from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Royal Bank of Canada reiterated a “hold” rating and set a $9.00 price objective on shares of Mueller Water Products in a research note on Wednesday, April 1st. Finally, Oppenheimer reiterated a “buy” rating and set a $12.00 price objective on shares of Mueller Water Products in a research note on Monday, May 4th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $11.00.

Hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. bought a new position in Mueller Water Products in the 4th quarter worth approximately $32,000. USA Financial Portformulas Corp bought a new position in Mueller Water Products in the 1st quarter worth approximately $36,000. Citizens Financial Group Inc RI boosted its stake in Mueller Water Products by 36.0% in the 1st quarter. Citizens Financial Group Inc RI now owns 6,481 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 1,717 shares during the period. HHM Wealth Advisors LLC bought a new position in Mueller Water Products in the 1st quarter worth approximately $61,000. Finally, Aigen Investment Management LP boosted its stake in Mueller Water Products by 6,829.6% in the 1st quarter. Aigen Investment Management LP now owns 10,533 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 10,381 shares during the period. Institutional investors and hedge funds own 86.62% of the company’s stock.

Shares of Mueller Water Products stock traded up $0.23 during trading hours on Tuesday, reaching $9.23. 594,300 shares of the stock traded hands, compared to its average volume of 1,021,682. The company has a 50 day moving average price of $9.09 and a 200 day moving average price of $10.21. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 13.78, a P/E/G ratio of 2.05 and a beta of 1.32. Mueller Water Products has a one year low of $6.64 and a one year high of $12.71. The company has a quick ratio of 2.35, a current ratio of 3.87 and a debt-to-equity ratio of 0.74.

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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