Northcoast Research Weighs in on MUELLER WATER PRODUCTS’s FY2017 Earnings (MWA)
MUELLER WATER PRODUCTS (NYSE:MWA) – Analysts at Northcoast Research dropped their FY2017 earnings estimates for MUELLER WATER PRODUCTS in a research report issued on Friday. Northcoast Research analyst A. Cohen now anticipates that the industrial products company will post earnings per share of $0.45 for the year, down from their previous estimate of $0.46. Northcoast Research also issued estimates for MUELLER WATER PRODUCTS’s Q4 2017 earnings at $0.16 EPS, Q1 2018 earnings at $0.07 EPS, Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.17 EPS and FY2018 earnings at $0.58 EPS.
MUELLER WATER PRODUCTS (NYSE:MWA) last released its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.16. MUELLER WATER PRODUCTS had a net margin of 14.47% and a return on equity of 16.85%. The firm had revenue of $232.20 million for the quarter, compared to the consensus estimate of $235.07 million. During the same period last year, the firm earned $0.15 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: “Northcoast Research Weighs in on MUELLER WATER PRODUCTS’s FY2017 Earnings (MWA)” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/09/13/northcoast-research-weighs-in-on-mueller-water-productss-fy2017-earnings-mwa.html.
MWA has been the subject of a number of other research reports. Boenning Scattergood upgraded shares of MUELLER WATER PRODUCTS from a “neutral” rating to an “outperform” rating and set a $14.00 price objective for the company in a report on Tuesday, September 5th. BidaskClub upgraded shares of MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Oppenheimer Holdings, Inc. set a $13.00 price objective on shares of MUELLER WATER PRODUCTS and gave the company a “buy” rating in a report on Monday, July 31st. Zacks Investment Research upgraded shares of MUELLER WATER PRODUCTS from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Finally, Robert W. Baird restated a “hold” rating and issued a $13.00 price objective on shares of MUELLER WATER PRODUCTS in a report on Friday, September 8th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. MUELLER WATER PRODUCTS currently has a consensus rating of “Buy” and a consensus price target of $13.88.
MUELLER WATER PRODUCTS (NYSE:MWA) opened at 12.25 on Monday. The company has a market capitalization of $1.94 billion, a P/E ratio of 15.22 and a beta of 1.36. MUELLER WATER PRODUCTS has a 1-year low of $10.45 and a 1-year high of $14.20. The stock’s 50 day moving average is $11.81 and its 200-day moving average is $11.69.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. WFG Advisors LP grew its holdings in MUELLER WATER PRODUCTS by 16.1% during the 2nd quarter. WFG Advisors LP now owns 51,342 shares of the industrial products company’s stock worth $600,000 after acquiring an additional 7,133 shares in the last quarter. Colony Group LLC acquired a new position in MUELLER WATER PRODUCTS during the 2nd quarter worth approximately $135,000. Koch Industries Inc. acquired a new position in MUELLER WATER PRODUCTS during the 2nd quarter worth approximately $190,000. Robecosam AG acquired a new position in MUELLER WATER PRODUCTS during the 2nd quarter worth approximately $4,357,000. Finally, Ameritas Investment Partners Inc. grew its holdings in MUELLER WATER PRODUCTS by 2.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,730 shares of the industrial products company’s stock worth $160,000 after acquiring an additional 266 shares in the last quarter. Institutional investors own 84.73% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Friday, August 11th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.31%. The ex-dividend date was Wednesday, August 9th. MUELLER WATER PRODUCTS’s dividend payout ratio (DPR) is presently 20.00%.
About MUELLER WATER PRODUCTS
Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co, Anvil and Mueller Technologies. The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.
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