$279.68 Million in Sales Expected for Mueller Water Products, Inc. (NYSE:MWA) This Quarter

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Wall Street analysts forecast that Mueller Water Products, Inc. (NYSE:MWA) will report $279.68 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Mueller Water Products’ earnings, with the highest sales estimate coming in at $282.00 million and the lowest estimate coming in at $277.15 million. Mueller Water Products posted sales of $254.30 million during the same quarter last year, which would indicate a positive year over year growth rate of 10%. The firm is expected to report its next quarterly earnings results on Monday, November 4th.

According to Zacks, analysts expect that Mueller Water Products will report full-year sales of $981.72 million for the current year, with estimates ranging from $978.25 million to $986.80 million. For the next financial year, analysts expect that the firm will report sales of $1.04 billion, with estimates ranging from $1.02 billion to $1.05 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Mueller Water Products.

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

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

NYSE MWA traded up $0.03 during mid-day trading on Friday, reaching $10.07. 1,042,700 shares of the stock were exchanged, compared to its average volume of 925,996. Mueller Water Products has a 1-year low of $8.47 and a 1-year high of $12.17. The firm’s fifty day simple moving average is $9.83. The firm has a market capitalization of $1.58 billion, a PE ratio of 19.05, a PEG ratio of 1.08 and a beta of 1.14. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.15 and a quick ratio of 2.00.

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

In other Mueller Water Products news, EVP Gregory Rogowski sold 85,839 shares of Mueller Water Products stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $10.06, for a total value of $863,540.34. Following the transaction, the executive vice president now owns 425,473 shares in the company, valued at approximately $4,280,258.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Shirley C. Franklin sold 6,700 shares of Mueller Water Products stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $9.55, for a total transaction of $63,985.00. Following the completion of the transaction, the director now owns 52,892 shares in the company, valued at approximately $505,118.60. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Mueller Water Products by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 14,252,157 shares of the industrial products company’s stock valued at $139,957,000 after purchasing an additional 105,246 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in shares of Mueller Water Products by 24.1% in the 2nd quarter. Impax Asset Management Group plc now owns 11,220,838 shares of the industrial products company’s stock valued at $110,189,000 after purchasing an additional 2,177,793 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Mueller Water Products by 5.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 6,015,608 shares of the industrial products company’s stock valued at $60,397,000 after purchasing an additional 337,316 shares during the last quarter. Cramer Rosenthal Mcglynn LLC boosted its holdings in shares of Mueller Water Products by 12.9% in the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 2,540,121 shares of the industrial products company’s stock valued at $24,944,000 after purchasing an additional 291,200 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Mueller Water Products by 5.2% in the 2nd quarter. Invesco Ltd. now owns 2,227,820 shares of the industrial products company’s stock valued at $21,877,000 after purchasing an additional 110,391 shares during the last quarter. Institutional investors own 86.22% of the company’s stock.

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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