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

• Mueller Water Products Inc MWA.N reported quarterly adjusted earnings of 38 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 22 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 32 cents to 35 cents per share.

• Revenue rose 9.4% to $380.80 million from a year ago; analysts expected $362.32 million.

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

• The company reported quarterly net income of $52.6 million.

• Mueller Water Products Inc shares had risen by 2.1% this quarter and gained 15.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

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 $29.50, about 15.2% above its last closing price of $25.03

This summary was machine generated from LSEG data November 6 at 10:38 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)