Mueller Water Products (MWA) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.10 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.09. The company posted revenue of $283.60 million in the period, compared to analysts expectations of $291.91 million. The company’s revenue was down -2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.
Many Wall Street Analysts have commented on Mueller Water Products. Mueller Water Products was Initiated by Northcoast to “Neutral” on Apr 19, 2016.
Mueller Water Products opened for trading at $10.34 and hit $10.485 on the upside on Friday, eventually ending the session at $10.46, with a gain of 0.97% or 0.1 points. The heightened volatility saw the trading volume jump to 12,03,511 shares. Company has a market cap of $1,687 M.
Investors should note that on Mar 31, 2016, Mueller Water Products announced a cash dividend of $0.0300. The company’s management has announced May 6, 2016 as the ex-dividend date and fixed the record date on May 10, 2016. The payable date has been fixed on May 20, 2016.
In a different news, on Feb 25, 2015, Thomas E Fish (President, Anvil) sold 65,000 shares at $9.20 per share price.
Mueller Water Products Inc. is a manufacturer and marketer of products and services used in the transmission distribution and measurement of water. The Companys 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. The Company operates through two segments: Mueller Co. and Anvil. The Company helps municipalities increase operational efficiencies improve customer service and prioritize capital spending. Mueller Co. manufactures valves for water and gas systems including iron gate butterfly tapping check plug and ball valves dry-barrel and wet-barrel fire hydrants and metering systems. The Company also manufactures fittings and couplings including cast iron fittings malleable iron fittings and unions grooved fittings threaded steel pipe coupling and nipples.