Mueller Water Products Inc (NYSE: MWA) has reported earnings for its second fiscal quarter (ending March 31) of $0.28 versus $0.14 for the same period a year ago — an increase of 100%. This result exceeded the consensus estimate of $0.18 by $0.10. For the latest four quarters through March 31, E.P.S. were $0.65 versus $0.50 for the same period a year ago — an increase of 30%.
Recent Price Action
On 5/6/24, Mueller Water Products Inc (NYSE: MWA) stock increased 2.0%, closing at $16.55. NORMAL trading volume accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 3.6% during the last week.
Current PriceTarget Research Rating
MWA’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 Water Products has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Mueller Water Products has a poor Appreciation Score of 21 but a good Power Rating of 73, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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