Mueller Water Products (NYSE:MWA) Announces Earnings Results, Beats Expectations By $0.02 EPS

Mueller Water Products (NYSE:MWA - Get Free Report) issued its quarterly earnings data on Monday. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02, Zacks reports. The company had revenue of $364.30 million for the quarter, compared to the consensus estimate of $352.30 million. Mueller Water Products had a net margin of 10.05% and a return on equity of 21.18%. Mueller Water Products's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $0.30 EPS. Mueller Water Products updated its FY 2025 guidance to EPS.

Mueller Water Products Trading Down 0.6 %

Mueller Water Products stock traded down $0.16 during mid-day trading on Friday, hitting $24.58. The stock had a trading volume of 620,118 shares, compared to its average volume of 1,581,772. The stock has a 50-day simple moving average of $25.65 and a two-hundred day simple moving average of $24.61. The company has a current ratio of 3.83, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $3.85 billion, a PE ratio of 28.58, a P/E/G ratio of 1.43 and a beta of 1.24. Mueller Water Products has a 12 month low of $17.09 and a 12 month high of $28.58.

Mueller Water Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Monday, May 12th will be paid a $0.067 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.27 annualized dividend and a dividend yield of 1.09%. Mueller Water Products's dividend payout ratio (DPR) is currently 30.23%.

Insider Buying and Selling at Mueller Water Products

In other news, Director Lydia W. Thomas sold 17,092 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $26.77, for a total value of $457,552.84. Following the completion of the sale, the director now owns 126,689 shares of the company's stock, valued at approximately $3,391,464.53. This represents a 11.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Brian Slobodow sold 7,376 shares of Mueller Water Products stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $24.57, for a total transaction of $181,228.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,600 shares of company stock valued at $914,076. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MWA. StockNews.com downgraded Mueller Water Products from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. The Goldman Sachs Group boosted their price target on Mueller Water Products from $26.00 to $29.00 and gave the stock a "neutral" rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada upped their price target on shares of Mueller Water Products from $25.00 to $29.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $26.25.

About Mueller Water Products

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.