FY2017 Earnings Forecast for Mueller Water Products (MWA) Issued By Oppenheimer Holdings

Mueller Water Products (NYSE:MWA) – Stock analysts at Oppenheimer Holdings dropped their FY2017 earnings estimates for shares of Mueller Water Products in a research note issued on Tuesday. Oppenheimer Holdings analyst J. Giannakouros now anticipates that the industrial products company will earn $0.42 per share for the year, down from their prior forecast of $0.44. Oppenheimer Holdings has a “Buy” rating and a $13.00 price target on the stock. Oppenheimer Holdings also issued estimates for Mueller Water Products’ Q4 2017 earnings at $0.14 EPS.

A number of other equities analysts also recently issued reports on MWA. Royal Bank Of Canada reiterated a “buy” rating and issued a $14.00 price target on shares of Mueller Water Products in a report on Wednesday. Robert W. Baird reiterated a “hold” rating and issued a $14.00 price target on shares of Mueller Water Products in a report on Wednesday, October 4th. Cowen and Company reiterated a “hold” rating and issued a $12.00 price target on shares of Mueller Water Products in a report on Thursday, September 21st. BidaskClub upgraded shares of Mueller Water Products from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded shares of Mueller Water Products from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $13.75.

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Shares of Mueller Water Products (NYSE:MWA) opened at 12.56 on Thursday. The stock has a 50 day moving average of $12.34 and a 200 day moving average of $11.75. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 15.60 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.

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

A number of hedge funds and other institutional investors have recently modified their holdings of MWA. BlackRock Inc. grew its stake in Mueller Water Products by 14,036.8% in the 1st quarter. BlackRock Inc. now owns 13,522,561 shares of the industrial products company’s stock valued at $159,837,000 after acquiring an additional 13,426,906 shares during the last quarter. Pictet Asset Management Ltd. grew its stake in Mueller Water Products by 92.8% in the 2nd quarter. Pictet Asset Management Ltd. now owns 4,436,586 shares of the industrial products company’s stock valued at $49,601,000 after acquiring an additional 2,135,336 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in Mueller Water Products by 32.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,758,490 shares of the industrial products company’s stock valued at $78,939,000 after acquiring an additional 1,654,510 shares during the last quarter. Earnest Partners LLC grew its stake in Mueller Water Products by 18.2% in the 2nd quarter. Earnest Partners LLC now owns 8,136,500 shares of the industrial products company’s stock valued at $95,034,000 after acquiring an additional 1,251,546 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Mueller Water Products by 8.8% in the 1st quarter. Vanguard Group Inc. now owns 12,650,343 shares of the industrial products company’s stock valued at $149,528,000 after acquiring an additional 1,017,949 shares during the last quarter. 84.72% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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