Mueller Water Products Inc reports results for the quarter ended June 30 - Earnings Summary

• Mueller Water Products Inc MWA.N reported quarterly adjusted earnings of 34 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 32 cents. The mean expectation of six analysts for the quarter was for earnings of 34 cents per share. Wall Street expected results to range from 31 cents to 38 cents per share.

• Revenue rose 6.6% to $380.30 million from a year ago; analysts expected $367.45 million.

• Mueller Water Products Inc's reported EPS for the quarter was 33 cents​.

• The company reported quarterly net income of $52.5 million.

• Mueller Water Products Inc shares had risen by 0.8% this quarter and gained 7.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.7% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"

• Wall Street's median 12-month price target for Mueller Water Products Inc is $29.00, about 17.4% above its last closing price of $23.94

This summary was machine generated from LSEG data August 4 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)