Q2 2019 EPS Estimates for Mueller Water Products, Inc. Increased by Boenning Scattergood (MWA)

Mueller Water Products, Inc. (NYSE:MWA) – Equities research analysts at Boenning Scattergood raised their Q2 2019 earnings estimates for shares of Mueller Water Products in a research report issued on Tuesday, November 6th. Boenning Scattergood analyst R. Connors now forecasts that the industrial products company will earn $0.16 per share for the quarter, up from their prior forecast of $0.13. Boenning Scattergood also issued estimates for Mueller Water Products’ FY2019 earnings at $0.60 EPS.

Mueller Water Products (NYSE:MWA) last issued its earnings results on Monday, November 5th. The industrial products company reported $0.17 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. Mueller Water Products had a return on equity of 15.84% and a net margin of 11.53%. The company had revenue of $254.30 million during the quarter, compared to the consensus estimate of $239.79 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The company’s revenue was up 12.1% compared to the same quarter last year.

Several other equities research analysts also recently weighed in on the company. Oppenheimer reaffirmed a “buy” rating on shares of Mueller Water Products in a research report on Monday, November 5th. Zacks Investment Research raised Mueller Water Products from a “sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Berenberg Bank began coverage on Mueller Water Products in a research report on Wednesday, October 3rd. They issued a “buy” rating and a $15.00 target price for the company. Nomura decreased their target price on Mueller Water Products from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, September 12th. Finally, Seaport Global Securities downgraded Mueller Water Products from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $15.00 to $12.50 in a research report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Mueller Water Products has an average rating of “Hold” and a consensus price target of $13.36.

Shares of NYSE MWA opened at $11.28 on Friday. Mueller Water Products has a 1-year low of $9.59 and a 1-year high of $12.96. The company has a quick ratio of 3.91, a current ratio of 5.13 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $1.85 billion, a PE ratio of 21.28, a P/E/G ratio of 1.23 and a beta of 1.10.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Friday, November 9th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Thursday, November 8th. Mueller Water Products’s dividend payout ratio is currently 37.74%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Fortaleza Asset Management Inc. purchased a new position in Mueller Water Products in the second quarter valued at about $128,000. Oppenheimer & Co. Inc. purchased a new position in Mueller Water Products in the third quarter valued at about $147,000. Raymond James Financial Services Advisors Inc. purchased a new position in Mueller Water Products in the second quarter valued at about $157,000. Signaturefd LLC purchased a new position in Mueller Water Products in the second quarter valued at about $171,000. Finally, UMB Bank N A MO purchased a new position in Mueller Water Products in the third quarter valued at about $172,000. 86.34% of the stock is owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Mueller Water Products (NYSE:MWA)

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