Mueller Industries (MLI) to Release Earnings on Monday

Mueller Industries (NYSE:MLI - Get Free Report) will likely be issuing its quarterly earnings data before the market opens on Monday, April 21st. Analysts expect the company to announce earnings of $1.31 per share and revenue of $1.00 billion for the quarter.

Mueller Industries (NYSE:MLI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.09. Mueller Industries had a net margin of 16.05% and a return on equity of 22.97%.

Mueller Industries Price Performance

Shares of Mueller Industries stock traded down $2.50 on Wednesday, hitting $71.03. 1,474,198 shares of the company's stock traded hands, compared to its average volume of 919,423. Mueller Industries has a one year low of $50.85 and a one year high of $96.81. The stock has a market capitalization of $7.87 billion, a PE ratio of 13.38 and a beta of 0.96. The firm's 50-day moving average price is $78.11 and its two-hundred day moving average price is $79.91.

Mueller Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.41%. The ex-dividend date was Friday, March 14th. This is an increase from Mueller Industries's previous quarterly dividend of $0.20. Mueller Industries's dividend payout ratio is presently 18.83%.

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Insiders Place Their Bets

In related news, Director Scott Jay Goldman sold 10,000 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $79.81, for a total transaction of $798,100.00. Following the sale, the director now directly owns 56,098 shares in the company, valued at $4,477,181.38. This trade represents a 15.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.70% of the company's stock.

Mueller Industries Company Profile

Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. It operates through three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples.