Mueller Industries (NYSE:MLI – Get Free Report) posted its earnings results on Tuesday. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.16, Briefing.com reports. The company had revenue of $997.80 million during the quarter, compared to analysts’ expectations of $936.00 million. Mueller Industries had a net margin of 16.19% and a return on equity of 22.86%. The business’s quarterly revenue was up 21.7% on a year-over-year basis.
Mueller Industries Price Performance
Shares of NYSE:MLI opened at $80.98 on Thursday. The company has a market capitalization of $9.20 billion, a P/E ratio of 16.23 and a beta of 1.03. The business’s 50 day simple moving average is $71.24 and its 200 day simple moving average is $63.27. Mueller Industries has a 1 year low of $35.53 and a 1 year high of $84.11.
Mueller Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.99%. Mueller Industries’s payout ratio is 16.03%.
Insider Buying and Selling
Mueller Industries Company Profile
Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. It operates through three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples.
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