Mueller Water Products (NYSE:MWA) Releases Earnings Results, Misses Estimates By $0.03 EPS

Mueller Water Products (NYSE:MWA) released its quarterly earnings results on Wednesday. The industrial products company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.03), Briefing.com reports. Mueller Water Products had a net margin of 9.71% and a return on equity of 19.46%. The business had revenue of $348.20 million during the quarter, compared to analysts’ expectations of $324.80 million. During the same quarter last year, the company earned $0.19 EPS. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. Mueller Water Products updated its FY 2025 guidance to EPS.

Mueller Water Products Price Performance

Shares of NYSE:MWA traded up $0.13 on Thursday, reaching $24.10. 1,141,052 shares of the company were exchanged, compared to its average volume of 1,244,793. The company has a current ratio of 3.70, a quick ratio of 2.31 and a debt-to-equity ratio of 0.57. Mueller Water Products has a 1-year low of $12.39 and a 1-year high of $24.73. The company has a 50-day moving average of $21.48 and a 200-day moving average of $19.68. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 30.74, a price-to-earnings-growth ratio of 1.30 and a beta of 1.34.

Mueller Water Products Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Friday, November 8th will be issued a $0.067 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.27 dividend on an annualized basis and a yield of 1.11%. This is an increase from Mueller Water Products’s previous quarterly dividend of $0.06. Mueller Water Products’s dividend payout ratio (DPR) is 33.33%.

Insider Transactions at Mueller Water Products

In other Mueller Water Products news, Director Christine Ortiz sold 8,800 shares of the business’s 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 directly owns 34,699 shares in the company, valued at approximately $691,898.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Christine Ortiz sold 8,800 shares of the stock in a transaction that occurred 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 $691,898.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider J Scott Hall sold 102,025 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 544,029 shares of the company’s stock, valued at approximately $10,630,326.66. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 121,616 shares of company stock valued at $2,390,796 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MWA has been the subject of several analyst reports. TD Cowen downgraded Mueller Water Products from a “buy” rating to a “hold” rating and upped their price objective for the company from $19.00 to $20.00 in a research note on Friday, August 9th. Royal Bank of Canada increased their price target on Mueller Water Products from $20.00 to $23.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 7th. Oppenheimer lifted their price objective 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. Finally, StockNews.com downgraded shares of Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.