Mueller Water Products Inc. (NYSE:MWA) – Equities researchers at Northcoast Research raised their FY2016 earnings per share (EPS) estimates for Mueller Water Products in a research report issued to clients and investors on Wednesday. Northcoast Research analyst A. Cohen now anticipates that the brokerage will post earnings of $0.50 per share for the year, up from their prior forecast of $0.46. Northcoast Research currently has a “Buy” rating on the stock. Northcoast Research also issued estimates for Mueller Water Products’ Q4 2016 earnings at $0.18 EPS, Q1 2017 earnings at $0.12 EPS, Q2 2017 earnings at $0.15 EPS, Q3 2017 earnings at $0.22 EPS, Q4 2017 earnings at $0.20 EPS and FY2017 earnings at $0.69 EPS.
Mueller Water Products (NYSE:MWA) last posted its earnings results on Wednesday, August 3rd. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm earned $310 million during the quarter, compared to the consensus estimate of $301 million. Mueller Water Products had a net margin of 5.20% and a return on equity of 20.05%. The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.15 earnings per share.
A number of other brokerages have also recently commented on MWA. DA Davidson boosted their target price on shares of Mueller Water Products from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, August 5th. Zacks Investment Research cut shares of Mueller Water Products from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Finally, Boenning Scattergood cut shares of Mueller Water Products from an “outperform” rating to a “neutral” rating in a report on Wednesday, July 13th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $12.25.
Mueller Water Products (NYSE:MWA) opened at 12.36 on Thursday. Mueller Water Products has a 1-year low of $7.52 and a 1-year high of $13.50. The stock has a 50 day moving average of $12.21 and a 200 day moving average of $11.34. The stock has a market cap of $2.00 billion, a P/E ratio of 33.41 and a beta of 1.33.
A number of institutional investors have recently bought and sold shares of MWA. Commonwealth Equity Services Inc bought a new position in Mueller Water Products during the second quarter valued at about $141,000. AHL Partners LLP bought a new position in Mueller Water Products during the second quarter valued at about $142,000. Boothbay Fund Management LLC bought a new position in Mueller Water Products during the first quarter valued at about $143,000. Wedbush Securities Inc. boosted its position in Mueller Water Products by 17.9% in the second quarter. Wedbush Securities Inc. now owns 12,654 shares of the company’s stock valued at $145,000 after buying an additional 1,921 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in Mueller Water Products during the second quarter valued at about $154,000. Institutional investors and hedge funds own 85.07% of the company’s stock.
Mueller Water Products Company Profile
Mueller Water Products, Inc, is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water. The Company’s product portfolio includes engineered valves, fire hydrants, metering products and systems, leak detection and pipe condition assessment, which are used by municipalities, and residential and non-residential construction industries.
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