Mueller Industries Inc. (NYSE: MLI) has reported E.P.S. of $1.51 for its third fiscal quarter (ending September 30) versus $2.38 for the same period a year ago. E.P.S. were $5.27 for the latest four quarters through September 30 versus $11.18 for the same period a year ago.
Recent Price Action
On 10/22/24, Mueller Industries Inc. (NYSE: MLI) stock enjoyed a major increase of 14.1%, closing at $82.22. Moreover, trading volume in this advance was exceptionally high at 251% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 12.0% during the last week.
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). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Mueller Industries has a slightly positive Appreciation Score of 64 and a very high Power Rating of 89, producing the Highest Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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