Analysts predict that Mueller Water Products (NYSE:MWA) will report earnings of $0.16 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Mueller Water Products’ earnings. The lowest EPS estimate is $0.13 and the highest is $0.18. Mueller Water Products posted earnings per share of $0.18 in the same quarter last year, which suggests a negative year-over-year growth rate of 11.1%. The business is expected to issue its next earnings results after the market closes on Thursday, August 3rd.
On average, analysts expect that Mueller Water Products will report full-year earnings of $0.45 per share for the current year, with EPS estimates ranging from $0.41 to $0.48. For the next financial year, analysts forecast that the business will report earnings of $0.54 per share, with EPS estimates ranging from $0.45 to $0.60. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Mueller Water Products.
Several equities analysts recently commented on MWA shares. Zacks Investment Research raised shares of Mueller Water Products from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Tuesday, April 11th. Nomura started coverage on shares of Mueller Water Products in a research note on Wednesday, April 12th. They set a “buy” rating and a $15.00 price objective for the company. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $13.00 price objective (down previously from $15.00) on shares of Mueller Water Products in a research note on Tuesday, May 2nd. CIBC reduced their price objective on shares of Mueller Water Products from $15.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, May 3rd. Finally, BidaskClub cut shares of Mueller Water Products from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $13.71.
In other Mueller Water Products news, Director Shirley C. Franklin sold 9,156 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $11.40, for a total value of $104,378.40. Following the completion of the transaction, the director now owns 39,157 shares of the company’s stock, valued at approximately $446,389.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Bernard G. Rethore sold 56,400 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $11.23, for a total transaction of $633,372.00. Following the completion of the transaction, the director now directly owns 27,303 shares of the company’s stock, valued at approximately $306,612.69. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in MWA. Marshall Wace North America L.P. bought a new position in Mueller Water Products during the first quarter worth approximately $2,143,000. BlackRock Inc. boosted its position in Mueller Water Products by 14,036.8% in the first quarter. BlackRock Inc. now owns 13,522,561 shares of the industrial products company’s stock worth $159,837,000 after buying an additional 13,426,906 shares in the last quarter. TD Asset Management Inc. boosted its position in Mueller Water Products by 3.9% in the first quarter. TD Asset Management Inc. now owns 80,200 shares of the industrial products company’s stock worth $948,000 after buying an additional 3,000 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in Mueller Water Products during the first quarter worth approximately $1,297,000. Finally, Stifel Financial Corp boosted its position in Mueller Water Products by 7.0% in the first quarter. Stifel Financial Corp now owns 45,552 shares of the industrial products company’s stock worth $536,000 after buying an additional 2,978 shares in the last quarter. 87.31% of the stock is owned by institutional investors and hedge funds.
Shares of Mueller Water Products (NYSE MWA) opened at 11.72 on Friday. The company has a market cap of $1.87 billion, a P/E ratio of 15.82 and a beta of 1.38. Mueller Water Products has a one year low of $10.45 and a one year high of $14.20. The stock’s 50 day moving average is $11.47 and its 200-day moving average is $11.93.
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About Mueller Water Products
Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co, Anvil and Mueller Technologies. The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.
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