Revenue Update on Mueller Water Products(NYSE:MWA)

Mueller Water Products(NYSE:MWA) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $310.10M. Analysts estimated a revenue of $316.12M. Earnings per share were $0.18. Analysts had estimated an EPS of $0.17.

Mueller Water Products (MWA) shares turned negative on Fridays trading session with the shares closing down -0.1 points or -0.81% at a volume of 12,13,263. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $12.51. The peak price level was also seen at $12.51 while the days lowest was $12.24. Finally the shares closed at $12.32. The 52-week high of the shares is $12.54 while the 52-week low is $7.04. According to the latest information available, the market cap of the company is $1,992 M.

Several Insider Transactions has been reported to the SEC. On Feb 25, 2015, Thomas E Fish (President, Anvil) sold 65,000 shares at $9.20 per share price.

Mueller Water Products Inc. is a manufacturer and marketer of products and services used in the transmission distribution and measurement of water. The Company’s product portfolio includes engineered valves fire hydrants metering products and systems leak detection and pipe condition assessment which are used by municipalities and residential and non-residential construction industries. The Company operates through two segments: Mueller Co. and Anvil. The Company helps municipalities increase operational efficiencies improve customer service and prioritize capital spending. Mueller Co. manufactures valves for water and gas systems including iron gate butterfly tapping check plug and ball valves dry-barrel and wet-barrel fire hydrants and metering systems. The Company also manufactures fittings and couplings including cast iron fittings malleable iron fittings and unions grooved fittings threaded steel pipe coupling and nipples.

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