Q3 2024 Earnings Estimate for Mueller Water Products, Inc. Issued By Seaport Res Ptn (NYSE:MWA)

Mueller Water Products, Inc. (NYSE:MWA) – Analysts at Seaport Res Ptn upped their Q3 2024 earnings per share (EPS) estimates for shares of Mueller Water Products in a research report issued to clients and investors on Wednesday, May 8th. Seaport Res Ptn analyst W. Liptak now expects that the industrial products company will post earnings per share of $0.21 for the quarter, up from their previous forecast of $0.19. The consensus estimate for Mueller Water Products’ current full-year earnings is $0.69 per share. Seaport Res Ptn also issued estimates for Mueller Water Products’ FY2024 earnings at $0.82 EPS, Q1 2025 earnings at $0.17 EPS, Q2 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.24 EPS and FY2025 earnings at $0.90 EPS.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.15. The firm had revenue of $353.40 million for the quarter, compared to analyst estimates of $299.62 million. Mueller Water Products had a return on equity of 13.86% and a net margin of 6.35%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $0.14 earnings per share.

Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada upped their price target on shares of Mueller Water Products from $17.00 to $20.00 and gave the company a “sector perform” rating in a research report on Wednesday. StockNews.com raised Mueller Water Products from a “hold” rating to a “buy” rating in a research report on Thursday. Robert W. Baird lifted their target price on Mueller Water Products from $18.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday. The Goldman Sachs Group increased their price target on Mueller Water Products from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, February 13th. Finally, Oppenheimer raised Mueller Water Products from a “market perform” rating to an “outperform” rating and set a $19.00 price objective on the stock in a research note on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $20.00.

Mueller Water Products Stock Up 5.1 %

Shares of NYSE MWA opened at $18.92 on Thursday. Mueller Water Products has a 1 year low of $12.11 and a 1 year high of $18.99. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.29 and a quick ratio of 1.89. The firm has a market cap of $2.95 billion, a PE ratio of 29.56, a price-to-earnings-growth ratio of 1.97 and a beta of 1.33. The company has a 50 day simple moving average of $15.82 and a 200 day simple moving average of $14.57.

Mueller Water Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.064 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.26 dividend on an annualized basis and a yield of 1.35%. Mueller Water Products’s payout ratio is currently 39.06%.

Insider Activity

In other news, CAO Suzanne G. Smith sold 2,800 shares of Mueller Water Products stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $15.09, for a total value of $42,252.00. Following the completion of the sale, the chief accounting officer now owns 3,208 shares in the company, valued at approximately $48,408.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Mueller Water Products news, CAO Suzanne G. Smith sold 2,800 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $15.09, for a total value of $42,252.00. Following the transaction, the chief accounting officer now owns 3,208 shares in the company, valued at $48,408.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Todd P. Helms sold 37,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $15.15, for a total value of $560,550.00. Following the sale, the senior vice president now owns 41,181 shares of the company’s stock, valued at approximately $623,892.15. The disclosure for this sale can be found here. Insiders have sold 69,458 shares of company stock valued at $1,052,260 in the last ninety days. 1.40% of the stock is owned by company insiders.

Institutional Trading of Mueller Water Products

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Mueller Water Products by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 15,003,366 shares of the industrial products company’s stock worth $216,048,000 after acquiring an additional 147,482 shares during the period. Nuance Investments LLC raised its holdings in shares of Mueller Water Products by 8.4% in the 4th quarter. Nuance Investments LLC now owns 13,161,657 shares of the industrial products company’s stock worth $189,528,000 after purchasing an additional 1,022,785 shares during the period. Franklin Resources Inc. lifted its stake in Mueller Water Products by 14.9% in the fourth quarter. Franklin Resources Inc. now owns 7,498,710 shares of the industrial products company’s stock valued at $107,981,000 after purchasing an additional 974,333 shares during the last quarter. Brown Advisory Inc. grew its holdings in Mueller Water Products by 6.8% during the fourth quarter. Brown Advisory Inc. now owns 6,740,893 shares of the industrial products company’s stock valued at $97,069,000 after purchasing an additional 430,572 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Mueller Water Products by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,417,005 shares of the industrial products company’s stock worth $78,006,000 after buying an additional 138,018 shares during the last quarter. 91.68% of the stock is owned by hedge funds and other institutional investors.

Mueller Water Products Company Profile

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.