Mueller Water Products, Inc. (NYSE:MWA) – Investment analysts at Oppenheimer decreased their Q2 2019 earnings per share estimates for shares of Mueller Water Products in a report released on Tuesday, March 19th. Oppenheimer analyst B. Blair now forecasts that the industrial products company will post earnings of $0.13 per share for the quarter, down from their previous estimate of $0.14. Oppenheimer currently has a “Buy” rating and a $13.00 price target on the stock. Oppenheimer also issued estimates for Mueller Water Products’ Q3 2019 earnings at $0.20 EPS, FY2019 earnings at $0.60 EPS and FY2020 earnings at $0.74 EPS.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Monday, February 4th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. Mueller Water Products had a return on equity of 16.10% and a net margin of 3.17%. The company had revenue of $192.80 million for the quarter, compared to the consensus estimate of $196.74 million.

A number of other equities research analysts also recently weighed in on MWA. Goldman Sachs Group downgraded Mueller Water Products from a “buy” rating to a “neutral” rating and lowered their price target for the company from $13.00 to $11.00 in a report on Tuesday, February 26th. Zacks Investment Research downgraded Mueller Water Products from a “buy” rating to a “hold” rating in a report on Friday, February 8th. TheStreet downgraded Mueller Water Products from a “b-” rating to a “c” rating in a report on Tuesday, February 5th. Boenning Scattergood reiterated a “neutral” rating on shares of Mueller Water Products in a report on Tuesday, February 5th. Finally, ValuEngine upgraded Mueller Water Products from a “sell” rating to a “hold” rating in a report on Tuesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $12.21.

MWA stock opened at $10.24 on Thursday. The company has a current ratio of 3.14, a quick ratio of 1.99 and a debt-to-equity ratio of 0.83. Mueller Water Products has a 52-week low of $8.47 and a 52-week high of $12.59. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 1.25 and a beta of 1.09.

Hedge funds and other institutional investors have recently modified their holdings of the company. CWM Advisors LLC bought a new stake in shares of Mueller Water Products in the 4th quarter valued at approximately $92,000. Paloma Partners Management Co acquired a new position in Mueller Water Products during the 4th quarter valued at approximately $103,000. Quantamental Technologies LLC acquired a new position in Mueller Water Products during the 4th quarter valued at approximately $112,000. Blair William & Co. IL acquired a new position in Mueller Water Products during the 3rd quarter valued at approximately $115,000. Finally, Blueshift Asset Management LLC acquired a new position in Mueller Water Products during the 4th quarter valued at approximately $124,000. Institutional investors and hedge funds own 86.68% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 20th. Stockholders of record on Friday, February 8th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, February 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.95%. Mueller Water Products’s dividend payout ratio (DPR) is 37.74%.

Mueller Water Products Company Profile

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 under the Mueller and Jones brand names; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.

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

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