Zacks: Analysts Anticipate Mueller Water Products, Inc. (NYSE:MWA) to Announce $0.20 EPS

Equities research analysts expect Mueller Water Products, Inc. (NYSE:MWA) to announce earnings per share (EPS) of $0.20 for the current quarter, Zacks reports. Six analysts have made estimates for Mueller Water Products’ earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.22. Mueller Water Products posted earnings per share of $0.19 during the same quarter last year, which suggests a positive year over year growth rate of 5.3%. The business is scheduled to announce its next earnings results after the market closes on Monday, August 5th.

On average, analysts expect that Mueller Water Products will report full-year earnings of $0.59 per share for the current fiscal year, with EPS estimates ranging from $0.56 to $0.63. For the next year, analysts anticipate that the business will post earnings of $0.66 per share, with EPS estimates ranging from $0.50 to $0.78. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Mueller Water Products.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). Mueller Water Products had a net margin of 3.24% and a return on equity of 15.89%. The company had revenue of $234.00 million during the quarter, compared to analysts’ expectations of $252.06 million. During the same quarter in the prior year, the company earned $0.12 earnings per share. The firm’s revenue was up .4% compared to the same quarter last year.

Several brokerages have recently issued reports on MWA. Seaport Global Securities began coverage on United Technologies in a research report on Friday, May 10th. They issued a “neutral” rating and a $136.86 price objective on the stock. Zacks Investment Research downgraded Zafgen from a “buy” rating to a “hold” rating in a research report on Saturday. Boenning Scattergood restated a “hold” rating on shares of Mueller Water Products in a research report on Tuesday, May 7th. Goldman Sachs Group initiated coverage on Tricida in a research report on Wednesday, June 26th. They issued a “buy” rating and a $48.00 price objective on the stock. Finally, ValuEngine upgraded Zogenix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $11.83.

In other Mueller Water Products news, Director Shirley C. Franklin sold 6,700 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $9.55, for a total transaction of $63,985.00. Following the completion of the sale, the director now directly owns 52,892 shares in the company, valued at $505,118.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bernard G. Rethore purchased 10,000 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were purchased at an average price of $9.19 per share, with a total value of $91,900.00. The disclosure for this purchase can be found here. Corporate insiders own 1.70% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Norges Bank purchased a new position in Mueller Water Products in the fourth quarter valued at about $50,182,000. Amundi Pioneer Asset Management Inc. lifted its holdings in Mueller Water Products by 69.1% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 2,175,379 shares of the industrial products company’s stock worth $21,840,000 after buying an additional 888,715 shares during the last quarter. Hancock Whitney Corp bought a new position in Mueller Water Products during the 4th quarter worth approximately $4,122,000. Two Sigma Investments LP lifted its holdings in Mueller Water Products by 208.7% during the 4th quarter. Two Sigma Investments LP now owns 624,490 shares of the industrial products company’s stock worth $5,683,000 after buying an additional 422,216 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in Mueller Water Products by 5.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 6,015,608 shares of the industrial products company’s stock worth $60,397,000 after buying an additional 337,316 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Shares of NYSE:MWA traded up $0.08 on Tuesday, hitting $9.69. The company had a trading volume of 564,323 shares, compared to its average volume of 664,891. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.89 and a current ratio of 3.07. Mueller Water Products has a 52-week low of $8.47 and a 52-week high of $12.59. The business has a 50 day moving average of $9.68. The firm has a market capitalization of $1.53 billion, a P/E ratio of 17.62, a PEG ratio of 1.32 and a beta of 1.17.

About Mueller Water Products

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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