Mueller Water Products (MWA) Releases Quarterly Earnings Results, Hits Estimates

Mueller Water Products (NYSE:MWA) posted its quarterly earnings results on Wednesday. The industrial products company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15, Bloomberg Earnings reports. Mueller Water Products had a net margin of 14.47% and a return on equity of 16.85%. The business had revenue of $226.90 million for the quarter, compared to analysts’ expectations of $227.14 million. During the same period in the previous year, the company posted $0.17 EPS. Mueller Water Products’s revenue was up 5.2% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Friday, November 10th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Thursday, November 9th. Mueller Water Products’s payout ratio is presently 20.00%.

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Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Mueller Water Products from a “hold” rating to a “sell” rating in a report on Friday, July 21st. Robert W. Baird restated a “hold” rating and set a $13.00 price target on shares of Mueller Water Products in a report on Friday, September 8th. Oppenheimer Holdings, Inc. set a $13.00 price target on shares of Mueller Water Products and gave the company a “buy” rating in a report on Monday, July 31st. BidaskClub cut shares of Mueller Water Products from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Cowen and Company restated a “hold” rating and set a $12.00 price target on shares of Mueller Water Products in a report on Thursday, September 21st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $13.75.

Mueller Water Products Company Profile

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.

Earnings History for Mueller Water Products (NYSE:MWA)

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