Mueller Water Products, Inc. (NYSE:MWA) – Analysts at DA Davidson increased their Q3 2019 earnings estimates for shares of Mueller Water Products in a research report issued to clients and investors on Wednesday, November 7th. DA Davidson analyst B. Thielman now anticipates that the industrial products company will earn $0.23 per share for the quarter, up from their previous forecast of $0.22. DA Davidson currently has a “Neutral” rating on the stock. DA Davidson also issued estimates for Mueller Water Products’ Q4 2019 earnings at $0.21 EPS and FY2020 earnings at $0.76 EPS.
MWA has been the subject of several other reports. Berenberg Bank began coverage on shares of Mueller Water Products in a research note on Wednesday, October 3rd. They set a “buy” rating and a $15.00 target price for the company. Zacks Investment Research raised shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Oppenheimer reissued a “buy” rating on shares of Mueller Water Products in a research note on Monday. Seaport Global Securities lowered shares of Mueller Water Products from a “buy” rating to a “neutral” rating and cut their target price for the company from $15.00 to $12.50 in a research note on Wednesday, August 8th. Finally, Nomura cut their target price on shares of Mueller Water Products from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, September 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $13.36.
Mueller Water Products (NYSE:MWA) last released its earnings results on Monday, November 5th. The industrial products company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Mueller Water Products had a net margin of 11.53% and a return on equity of 15.84%. The business had revenue of $254.30 million during the quarter, compared to analyst estimates of $239.79 million. During the same period in the prior year, the business earned $0.15 earnings per share. The business’s quarterly revenue was up 12.1% on a year-over-year basis.
Large investors have recently modified their holdings of the stock. Fortaleza Asset Management Inc. purchased a new stake in shares of Mueller Water Products in the 2nd quarter valued at approximately $128,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Mueller Water Products in the 3rd quarter valued at approximately $147,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Mueller Water Products in the 2nd quarter valued at approximately $157,000. Signaturefd LLC purchased a new stake in shares of Mueller Water Products in the 2nd quarter valued at approximately $171,000. Finally, UMB Bank N A MO purchased a new stake in shares of Mueller Water Products in the 3rd quarter valued at approximately $172,000. Institutional investors and hedge funds own 86.34% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Friday, November 9th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.20 annualized dividend and a dividend yield of 1.72%. Mueller Water Products’s dividend payout ratio (DPR) is presently 37.74%.
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 through Infrastructure and Technologies segments. The Infrastructure segment offers valves for water and gas systems, including iron gate, butterfly, 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; small valves, meter bars, and line stopper fittings for use in gas systems; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.
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