Brokerages forecast that Mueller Water Products (NYSE:MWA) will report sales of $227.34 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Mueller Water Products’ earnings. The lowest sales estimate is $222.00 million and the highest is $233.00 million. Mueller Water Products posted sales of $302.50 million in the same quarter last year, which suggests a negative year over year growth rate of 24.8%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, November 1st.

On average, analysts expect that Mueller Water Products will report full year sales of $227.34 million for the current year, with estimates ranging from $818.00 million to $834.00 million. For the next fiscal year, analysts forecast that the business will report sales of $871.54 million per share, with estimates ranging from $852.00 million to $884.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Mueller Water Products.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Mueller Water Products had a return on equity of 16.85% and a net margin of 14.47%. The company had revenue of $232.20 million during the quarter, compared to analyst estimates of $235.07 million. During the same quarter last year, the firm posted $0.15 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis.

Several equities research analysts have weighed in on MWA shares. BidaskClub upgraded Mueller Water Products from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research cut Mueller Water Products from a “hold” rating to a “sell” rating in a report on Friday, July 21st. Oppenheimer Holdings, Inc. set a $13.00 target price on Mueller Water Products and gave the stock a “buy” rating in a report on Monday, July 31st. Boenning Scattergood upgraded Mueller Water Products from a “neutral” rating to an “outperform” rating and set a $14.00 target price for the company in a report on Tuesday, September 5th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $13.00 target price on shares of Mueller Water Products in a report on Friday, September 8th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Mueller Water Products has an average rating of “Buy” and a consensus price target of $13.75.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in shares of Mueller Water Products by 14,036.8% during the 1st quarter. BlackRock Inc. now owns 13,522,561 shares of the industrial products company’s stock worth $159,837,000 after purchasing an additional 13,426,906 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Mueller Water Products by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 12,650,343 shares of the industrial products company’s stock worth $149,528,000 after purchasing an additional 1,017,949 shares during the last quarter. Earnest Partners LLC lifted its stake in shares of Mueller Water Products by 18.2% during the 2nd quarter. Earnest Partners LLC now owns 8,136,500 shares of the industrial products company’s stock worth $95,034,000 after purchasing an additional 1,251,546 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Mueller Water Products by 5.4% during the 2nd quarter. Franklin Resources Inc. now owns 7,646,300 shares of the industrial products company’s stock worth $89,308,000 after purchasing an additional 389,500 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in shares of Mueller Water Products by 32.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,758,490 shares of the industrial products company’s stock worth $78,939,000 after purchasing an additional 1,654,510 shares during the last quarter. Hedge funds and other institutional investors own 84.72% of the company’s stock.

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Mueller Water Products (MWA) opened at 12.49 on Friday. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 15.52 and a beta of 1.29. Mueller Water Products has a 12 month low of $10.45 and a 12 month high of $14.20. The firm’s 50-day moving average price is $12.39 and its 200 day moving average price is $11.76.

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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Earnings History and Estimates for Mueller Water Products (NYSE:MWA)

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