Mueller Water Products (MWA) Scheduled to Post Earnings on Wednesday

Mueller Water Products (NYSE:MWA - Get Free Report) will be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Mueller Water Products (NYSE:MWA - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The industrial products company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.10. The firm had revenue of $356.70 million during the quarter, compared to analysts' expectations of $329.67 million. Mueller Water Products had a net margin of 9.71% and a return on equity of 19.46%. The firm's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the company posted $0.18 EPS. On average, analysts expect Mueller Water Products to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Mueller Water Products Trading Up 1.4 %

Shares of NYSE:MWA traded up $0.31 during mid-day trading on Wednesday, reaching $22.13. 985,060 shares of the company were exchanged, compared to its average volume of 1,248,943. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.70 and a quick ratio of 2.31. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 27.99, a P/E/G ratio of 1.37 and a beta of 1.34. The firm's 50-day simple moving average is $21.29 and its 200 day simple moving average is $19.42. Mueller Water Products has a 1 year low of $12.13 and a 1 year high of $23.12.

Mueller Water Products Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Friday, November 8th will be given a dividend of $0.067 per share. The ex-dividend date is Friday, November 8th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.21%. This is a boost from Mueller Water Products's previous quarterly dividend of $0.06. Mueller Water Products's dividend payout ratio (DPR) is presently 33.33%.

Insider Activity

In other news, Director Christine Ortiz sold 8,800 shares of the firm's stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $19.94, for a total value of $175,472.00. Following the sale, the director now directly owns 34,699 shares in the company, valued at approximately $691,898.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider J Scott Hall sold 135,253 shares of Mueller Water Products stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $20.34, for a total transaction of $2,751,046.02. Following the sale, the insider now directly owns 544,029 shares in the company, valued at $11,065,549.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christine Ortiz sold 8,800 shares of Mueller Water Products stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $19.94, for a total transaction of $175,472.00. Following the sale, the director now owns 34,699 shares in the company, valued at $691,898.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 256,869 shares of company stock worth $5,141,842. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MWA. TD Cowen cut shares of Mueller Water Products from a "buy" rating to a "hold" rating and raised their price target for the company from $19.00 to $20.00 in a research report on Friday, August 9th. Oppenheimer raised their price target on shares of Mueller Water Products from $22.00 to $24.00 and gave the company an "outperform" rating in a research report on Wednesday, August 7th. Royal Bank of Canada raised 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. Finally, StockNews.com cut shares of Mueller Water Products from a "strong-buy" rating to a "buy" rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Mueller Water Products presently has a consensus rating of "Hold" and an average target price of $21.60.

Mueller Water Products Company Profile

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.