Mueller Water Products (NYSE:MWA) Announces Quarterly Earnings Results, Hits Expectations

Mueller Water Products (NYSE:MWA - Get Free Report) issued its earnings results on Wednesday. The industrial products company reported $0.22 earnings per share for the quarter, hitting analysts' consensus estimates of $0.22, Briefing.com reports. The firm had revenue of $348.20 million during the quarter, compared to analyst estimates of $324.80 million. Mueller Water Products had a net margin of 8.82% and a return on equity of 19.71%. Mueller Water Products's revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 earnings per share. Mueller Water Products updated its FY 2025 guidance to EPS.

Mueller Water Products Price Performance

MWA traded up $1.64 during trading on Friday, reaching $25.68. 2,442,287 shares of the company traded hands, compared to its average volume of 1,110,083. The company has a market cap of $4.00 billion, a P/E ratio of 35.18, a PEG ratio of 1.41 and a beta of 1.34. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.31 and a current ratio of 3.70. Mueller Water Products has a 12-month low of $12.59 and a 12-month high of $25.71. The firm has a fifty day simple moving average of $21.63 and a 200 day simple moving average of $19.83.

Mueller Water Products Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Friday, November 8th will be issued a $0.067 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.04%. This is a positive change from Mueller Water Products's previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, November 8th. Mueller Water Products's payout ratio is presently 35.62%.

Wall Street Analysts Forecast Growth

MWA has been the subject of several research reports. TD Cowen cut Mueller Water Products from a "buy" rating to a "hold" rating and raised their target price for the stock from $19.00 to $20.00 in a research report on Friday, August 9th. StockNews.com cut Mueller Water Products from a "strong-buy" rating to a "buy" rating in a report on Wednesday, October 30th. Oppenheimer reissued an "outperform" rating and set a $27.00 target price (up previously from $26.00) on shares of Mueller Water Products in a report on Friday. Finally, Royal Bank of Canada lifted their price target on shares of Mueller Water Products from $20.00 to $23.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Mueller Water Products has an average rating of "Hold" and a consensus target price of $22.20.

Insiders Place Their Bets

In other Mueller Water Products news, insider J Scott Hall sold 102,025 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $19.54, for a total transaction of $1,993,568.50. Following the transaction, the insider now directly owns 544,029 shares in the company, valued at $10,630,326.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider J Scott Hall sold 102,025 shares of the business's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $19.54, for a total transaction of $1,993,568.50. Following the sale, the insider now directly owns 544,029 shares in the company, valued at approximately $10,630,326.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christine Ortiz sold 8,800 shares of the firm's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $19.94, for a total value of $175,472.00. Following the completion of the sale, the director now directly owns 34,699 shares in the company, valued at approximately $691,898.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,616 shares of company stock worth $2,390,796. Corporate insiders own 1.40% of the company's stock.

About Mueller Water Products

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.