Mueller Industries Inc. (NYSE: MLI) has reported earnings for its second fiscal quarter (ending June 30) of $1.44 versus $3.19 for the same period a year ago — a decline of -55%. Relative to the consensus estimate of $1.23, this was a premium of $0.21. For the latest four quarters through June 30, E.P.S. were $4.94 compared to $11.58 a year ago — a decline of -57%.
Recent Price Action
Mueller Industries Inc. (NYSE: MLI) stock closed at $66.89 on 7/23/24 after a large increase of 3.9%. Moreover, trading volume in this advance was unusually high at 168% of normal. The stock has risen 8.8% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
MLI’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Mueller Industries has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Mueller Industries has a slightly positive Appreciation Score of 66 and a very high Power Rating of 92, producing the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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