The company’s mean estimate for sales for the current quarter ending June-16 is 316.15 million by 13 analysts. The means estimate of sales for the year ending Sep-16 is 1.17 billion by 14 analysts.
The mean price target for the shares of Mueller Water Products, Inc. (NYSE:MWA) is at 11.75 while the highest price target suggested by the analysts is 13.00 and low price target is 10.00. The mean price target is calculated keeping in view the consensus of 12 brokerage firms.
The average estimate of EPS for the current fiscal quarter for Mueller Water Products, Inc. (NYSE:MWA) stands at 0.17 while the EPS for the current year is fixed at 0.48 by 14 analysts.
The next one year’s EPS estimate is set at 0.59 by 14 analysts while a year ago the analysts suggested the company’s EPS at 0.48. The analysts also projected the company’s long-term growth at 12.50% for the upcoming five years.
In its latest quarter ended on 31st March 2016, Mueller Water Products, Inc. (NYSE:MWA) reported earnings of $0.10. The posted earnings missed the analyst’s consensus by $0.01 with the surprise factor of 11.10%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
On May 19, 2016 Mueller Water Products, Inc. (NYSE:MWA) announced that Patrick M. Donovan has been named president of Anvil International, effective May 18th. Anvil International is a subsidiary of Mueller Water Products and is a leading domestic manufacturer of piping system components with applications in commercial, industrial, mechanical, fire protection and oil & gas end markets.
Donovan will report to Gregory E. Hyland, chairman, president and CEO of Mueller Water Products. Donovan succeeds Thomas E. Fish.
“Pat’s experience in leading and growing industrial businesses will be a tremendous asset to Anvil,” said Hyland. “He has a proven track record in improving productivity by implementing Lean manufacturing principles and in growing businesses through superior execution, globalization and new product development.”
Fish was with Anvil International and its predecessor company for 34 years, including 16 years as president of Anvil. Fish will retire from Mueller Water Products effective May 31, 2016.
Hyland added, “I want to thank Tom for his many contributions to Anvil. He was instrumental in expanding Anvil’s business through organic growth and acquisitions. He led Anvil through a number of challenging economic conditions and took the necessary steps to ensure that it always remained competitive and able to deliver the highest quality products and exceptional customer service.”
Donovan brings 30 years of experience in leading and growing industrial businesses, most recently as president of MIC Group, a division of J.B. Poindexter, Inc., a diversified manufacturer of industrial products. From 2003-2012, Donovan was with Parker Hannifin Corporation, where he led two of its divisions, including its refrigeration and air conditioning valves and controls, and industrial seals businesses. Earlier in his career, he was with Precision Castparts Corporation, where he was president of its Energy Group and Carmet Co. He began his career with FMC Corporation where he served in a number of positions of increasing responsibility.
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