Mueller Water Products (MWA) Scheduled to Post Quarterly Earnings on Monday

Mueller Water Products (NYSE:MWA) will release its earnings data after the market closes on Monday, August 5th. Analysts expect Mueller Water Products to post earnings of $0.23 per share for the quarter. Mueller Water Products has set its FY 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.15. Mueller Water Products had a net margin of 8.10% and a return on equity of 16.97%. The company had revenue of $353.40 million during the quarter, compared to analyst estimates of $299.62 million. During the same quarter last year, the firm posted $0.14 EPS. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. 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 Stock Performance

NYSE:MWA opened at $19.65 on Friday. Mueller Water Products has a twelve month low of $12.11 and a twelve month high of $21.02. The company has a current ratio of 3.53, a quick ratio of 2.08 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average of $18.63 and a 200-day moving average of $16.84. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 30.70, a price-to-earnings-growth ratio of 1.96 and a beta of 1.33.

Mueller Water Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Friday, August 9th will be paid a dividend of $0.064 per share. This represents a $0.26 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Friday, August 9th. Mueller Water Products’s dividend payout ratio is presently 40.63%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MWA. Oppenheimer upped their price objective on shares of Mueller Water Products from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, July 2nd. Royal Bank of Canada increased their price objective on Mueller Water Products from $17.00 to $20.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 8th. Robert W. Baird increased their price objective on Mueller Water Products from $18.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. Baird R W upgraded Mueller Water Products to a “hold” rating in a report on Wednesday, May 8th. Finally, StockNews.com downgraded Mueller Water Products from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.75.

Insider Buying and Selling at Mueller Water Products

In related news, Director Brian C. Healy acquired 2,650 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was bought at an average cost of $19.18 per share, with a total value of $50,827.00. Following the completion of the acquisition, the director now owns 2,650 shares in the company, valued at $50,827. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Mueller Water Products news, Director Brian C. Healy purchased 2,650 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was acquired at an average cost of $19.18 per share, with a total value of $50,827.00. Following the completion of the acquisition, the director now directly owns 2,650 shares of the company’s stock, valued at approximately $50,827. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kenji Takeuchi sold 6,658 shares of Mueller Water Products stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $19.09, for a total value of $127,101.22. Following the completion of the transaction, the senior vice president now directly owns 28,334 shares of the company’s stock, valued at $540,896.06. The disclosure for this sale can be found here. Company 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.