Mueller Water Products (MWA) Issues Earnings Results, Meets Estimates

Mueller Water Products (NYSE:MWA) issued its quarterly earnings data on Monday. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07, MarketWatch Earnings reports. Mueller Water Products had a return on equity of 15.62% and a net margin of 11.53%.

Shares of NYSE MWA opened at $9.91 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.10 and a quick ratio of 3.17. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 1.19 and a beta of 1.12. Mueller Water Products has a 1 year low of $8.47 and a 1 year high of $12.59.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 20th. Shareholders of record on Friday, February 8th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Thursday, February 7th. Mueller Water Products’s payout ratio is currently 37.74%.

In other Mueller Water Products news, CAO Michael S. Nancarrow sold 5,565 shares of the stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $11.62, for a total transaction of $64,665.30. Following the completion of the transaction, the chief accounting officer now directly owns 33,281 shares of the company’s stock, valued at approximately $386,725.22. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael T. Tokarz sold 9,546 shares of the stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of $10.27, for a total value of $98,037.42. Following the transaction, the director now directly owns 298,532 shares of the company’s stock, valued at $3,065,923.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 109,416 shares of company stock valued at $1,155,915. 1.70% of the stock is currently owned by corporate insiders.

MWA has been the subject of a number of recent analyst reports. Oppenheimer set a $13.00 price objective on Mueller Water Products and gave the stock a “buy” rating in a report on Wednesday, December 26th. Zacks Investment Research raised Mueller Water Products from a “sell” rating to a “hold” rating in a report on Wednesday, October 10th. Finally, ValuEngine lowered Mueller Water Products from a “hold” rating to a “sell” rating in a report on Tuesday, January 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $12.42.

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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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Earnings History for Mueller Water Products (NYSE:MWA)

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