Mueller Water Products, Inc. (NYSE:MWA) announced a quarterly dividend on Friday, October 25th, Zacks reports. Investors of record on Friday, November 8th will be given a dividend of 0.052 per share by the industrial products company on Wednesday, November 20th. This represents a $0.21 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, November 7th.
NYSE:MWA traded up $0.10 during trading hours on Tuesday, hitting $12.14. The company had a trading volume of 9,585 shares, compared to its average volume of 731,100. The company has a market capitalization of $1.89 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 1.18 and a beta of 1.00. The stock has a 50-day moving average price of $11.26 and a 200 day moving average price of $10.29. Mueller Water Products has a 52 week low of $8.47 and a 52 week high of $12.20. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.15 and a quick ratio of 2.00.
Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Monday, August 5th. The industrial products company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04. The business had revenue of $274.30 million for the quarter, compared to analysts’ expectations of $274.96 million. Mueller Water Products had a net margin of 5.09% and a return on equity of 17.10%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.19 earnings per share. Analysts anticipate that Mueller Water Products will post 0.63 EPS for the current fiscal year.
MWA has been the subject of several recent research reports. Oppenheimer set a $13.00 price objective on Mueller Water Products and gave the company a “buy” rating in a research report on Thursday, September 26th. Seaport Global Securities set a $12.00 price objective on Mueller Water Products and gave the company a “buy” rating in a research report on Wednesday, August 7th. TheStreet raised Mueller Water Products from a “c+” rating to a “b-” rating in a research report on Friday, September 13th. ValuEngine raised Mueller Water Products from a “sell” rating to a “hold” rating in a research report on Friday, August 16th. Finally, Boenning Scattergood raised Mueller Water Products from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Mueller Water Products has a consensus rating of “Hold” and a consensus price target of $11.50.
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.
Further Reading: Equity Income
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