Mueller Water Products (NYSE:MWA) Posts Earnings Results, Misses Expectations By $0.03 EPS

by · The Markets Daily

Mueller Water Products (NYSE:MWA – Get Free Report) issued its earnings results on Wednesday. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.03), Briefing.com reports. The business had revenue of $348.20 million for the quarter, compared to analysts’ expectations of $324.80 million. Mueller Water Products had a return on equity of 19.46% and a net margin of 9.71%. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period last year, the business earned $0.19 EPS. Mueller Water Products updated its FY 2025 guidance to EPS.

Mueller Water Products Price Performance

MWA traded up $0.13 during trading on Thursday, reaching $24.10. The company’s stock had a trading volume of 1,141,052 shares, compared to its average volume of 1,244,793. The company has a quick ratio of 2.31, a current ratio of 3.70 and a debt-to-equity ratio of 0.57. The firm has a fifty day simple moving average of $21.48 and a two-hundred day simple moving average of $19.68. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 30.74, a PEG ratio of 1.30 and a beta of 1.34. Mueller Water Products has a 1 year low of $12.39 and a 1 year high of $24.73.

Mueller Water Products Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Friday, November 8th will be paid a dividend of $0.067 per share. This represents a $0.27 annualized dividend and a yield of 1.11%. The ex-dividend date is Friday, November 8th. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.06. Mueller Water Products’s dividend payout ratio is currently 33.33%.

Insider Activity at Mueller Water Products

In other Mueller Water Products news, Director Thomas J. Hansen sold 10,791 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $20.55, for a total value of $221,755.05. Following the completion of the sale, the director now directly owns 102,792 shares in the company, valued at $2,112,375.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider J Scott Hall sold 102,025 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $19.54, for a total transaction of $1,993,568.50. Following the completion of the sale, the insider now directly owns 544,029 shares of the company’s stock, valued at approximately $10,630,326.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas J. Hansen sold 10,791 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $20.55, for a total transaction of $221,755.05. Following the completion of the sale, the director now directly owns 102,792 shares in the company, valued at $2,112,375.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 121,616 shares of company stock valued at $2,390,796. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MWA has been the subject of a number of recent analyst reports. Oppenheimer lifted their price objective on shares of Mueller Water Products from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. TD Cowen cut Mueller Water Products from a “buy” rating to a “hold” rating and boosted their price objective for the company from $19.00 to $20.00 in a research report on Friday, August 9th. Royal Bank of Canada increased their target price on Mueller Water Products from $20.00 to $23.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 7th. Finally, StockNews.com cut shares of Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $21.60.

Check Out Our Latest Research Report on MWA

Mueller Water Products Company Profile

(Get Free Report)

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.

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