Mueller Water Products (MWA) to Release Quarterly Earnings on Monday

Mueller Water Products (NYSE:MWA) will announce its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data on Friday, February 9th. The industrial products company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.04. Mueller Water Products had a net margin of 6.35% and a return on equity of 13.86%. The company had revenue of $256.40 million for the quarter, compared to analysts’ expectations of $250.64 million. During the same quarter in the previous year, the firm posted $0.13 earnings per share. Mueller Water Products’s revenue for the quarter was down 18.6% on a year-over-year basis. On average, analysts expect Mueller Water Products to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Mueller Water Products Stock Performance

Shares of Mueller Water Products stock opened at $16.23 on Friday. The company has a quick ratio of 1.89, a current ratio of 3.29 and a debt-to-equity ratio of 0.61. Mueller Water Products has a twelve month low of $12.11 and a twelve month high of $16.93. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 32.46, a P/E/G ratio of 1.97 and a beta of 1.33. The company’s fifty day moving average is $15.69 and its 200 day moving average is $14.46.

Mueller Water Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Friday, May 10th will be paid a $0.064 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.26 annualized dividend and a dividend yield of 1.58%. Mueller Water Products’s dividend payout ratio is 52.00%.

Insider Activity

In other news, CAO Suzanne G. Smith sold 2,800 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $15.09, for a total transaction of $42,252.00. Following the transaction, the chief accounting officer now owns 3,208 shares in the company, valued at $48,408.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Suzanne G. Smith sold 2,800 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $15.09, for a total transaction of $42,252.00. Following the transaction, the chief accounting officer now owns 3,208 shares in the company, valued at $48,408.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kenji Takeuchi sold 6,658 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $15.62, for a total transaction of $103,997.96. Following the transaction, the senior vice president now owns 34,196 shares in the company, valued at approximately $534,141.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,458 shares of company stock worth $1,052,260. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on MWA shares. StockNews.com cut shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Wednesday. Oppenheimer upgraded shares of Mueller Water Products from a “market perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a report on Thursday, April 18th. The Goldman Sachs Group boosted their target price on shares of Mueller Water Products from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, February 13th. Finally, Royal Bank of Canada boosted their target price on shares of Mueller Water Products from $14.00 to $15.00 and gave the company a “sector perform” rating in a report on Monday, February 12th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $17.50.

About Mueller Water Products

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.