Mueller Water Products (NYSE:MWA) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Mueller Water Products (NYSE:MWAGet Free Report) released its quarterly earnings data on Tuesday. The industrial products company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05, Zacks reports. Mueller Water Products had a net margin of 8.82% and a return on equity of 19.38%.

Mueller Water Products Stock Up 0.7 %

MWA traded up $0.17 during trading hours on Tuesday, hitting $23.13. 1,125,163 shares of the company’s stock were exchanged, compared to its average volume of 1,210,619. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 31.68, a PEG ratio of 1.31 and a beta of 1.38. Mueller Water Products has a 1-year low of $13.49 and a 1-year high of $26.28. The stock’s 50-day moving average is $23.50 and its two-hundred day moving average is $22.23. The company has a quick ratio of 2.16, a current ratio of 3.33 and a debt-to-equity ratio of 0.55.

Mueller Water Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Monday, February 10th will be issued a $0.067 dividend. The ex-dividend date is Monday, February 10th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.16%. Mueller Water Products’s dividend payout ratio (DPR) is presently 36.99%.

Wall Street Analysts Forecast Growth

MWA has been the subject of several recent analyst reports. StockNews.com downgraded Mueller Water Products from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 30th. Oppenheimer reaffirmed an “outperform” rating and issued a $27.00 price target (up previously from $26.00) on shares of Mueller Water Products in a research note on Friday, November 8th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.20.

Check Out Our Latest Analysis on Mueller Water Products

Insider Buying and Selling at Mueller Water Products

In other news, SVP Todd P. Helms sold 3,556 shares of Mueller Water Products stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $25.02, for a total value of $88,971.12. Following the completion of the transaction, the senior vice president now owns 38,683 shares of the company’s stock, valued at $967,848.66. This trade represents a 8.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lydia W. Thomas sold 10,791 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $24.40, for a total value of $263,300.40. Following the transaction, the director now directly owns 136,405 shares in the company, valued at approximately $3,328,282. This trade represents a 7.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 98,433 shares of company stock worth $2,494,144. Insiders own 1.10% of the company’s stock.

Mueller Water Products Company Profile

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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.

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Earnings History for Mueller Water Products (NYSE:MWA)

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