Mueller Water Products (NYSE:MWA) Releases Quarterly Earnings Results


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Mueller Water Products (NYSE:MWA) announced its quarterly earnings data on Monday. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01, MarketWatch Earnings reports. The business had revenue of $267.50 million for the quarter, compared to analysts’ expectations of $249.20 million. Mueller Water Products had a return on equity of 13.39% and a net margin of 7.47%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $0.15 earnings per share. Mueller Water Products updated its FY 2021 guidance to – EPS.

MWA traded up $0.19 on Tuesday, reaching $14.69. The company had a trading volume of 22,738 shares, compared to its average volume of 906,202. The stock has a 50-day moving average price of $14.13 and a 200-day moving average price of $12.66. The stock has a market capitalization of $2.33 billion, a PE ratio of 32.22, a P/E/G ratio of 2.28 and a beta of 1.29. Mueller Water Products has a 1 year low of $7.32 and a 1 year high of $14.88. The company has a quick ratio of 2.70, a current ratio of 3.75 and a debt-to-equity ratio of 0.70.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 20th. Investors of record on Monday, May 10th will be paid a dividend of $0.055 per share. The ex-dividend date is Friday, May 7th. This represents a $0.22 annualized dividend and a yield of 1.50%. Mueller Water Products’s dividend payout ratio is currently 42.31%.

A number of equities research analysts have issued reports on MWA shares. Boenning Scattergood raised Mueller Water Products from a “neutral” rating to an “outperform” rating and set a $16.00 price target on the stock in a research report on Monday, January 11th. Cowen upgraded shares of Mueller Water Products from an “underperform” rating to a “market perform” rating and set a $12.00 price target for the company in a research note on Thursday, January 28th. Finally, Zacks Investment Research raised shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research report on Wednesday, February 10th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $12.40.

In other news, SVP Todd P. Helms sold 7,522 shares of the firm’s stock in a transaction on Tuesday, March 9th. The shares were sold at an average price of $13.65, for a total value of $102,675.30. Following the completion of the sale, the senior vice president now owns 21,500 shares in the company, valued at approximately $293,475. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Todd P. Helms bought 9,884 shares of the stock in a transaction dated Wednesday, February 24th. The stock was purchased at an average cost of $13.14 per share, for a total transaction of $129,875.76. Following the acquisition, the senior vice president now owns 21,500 shares of the company’s stock, valued at $282,510. The disclosure for this purchase can be found here. Insiders have sold 53,039 shares of company stock worth $698,799 in the last quarter. Insiders own 1.50% of the company’s stock.

About Mueller Water Products

Mueller Water Products, Inc manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. It operates in two segments, Infrastructure and Technologies. The Infrastructure segment offers valves for water and gas systems, including butterfly, iron gate, tapping, check, knife, plug, automatic control, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.

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Earnings History for Mueller Water Products (NYSE:MWA)

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