Mueller Industries (NYSE:MLI – Get Free Report) announced its quarterly earnings results on Tuesday. The industrial products company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.16, Briefing.com reports. The company had revenue of $997.80 million during the quarter, compared to analysts’ expectations of $936.00 million. Mueller Industries had a return on equity of 22.86% and a net margin of 16.19%. The company’s quarterly revenue was up 21.7% compared to the same quarter last year.
Mueller Industries Trading Up 1.0 %
Mueller Industries stock traded up $0.79 during trading hours on Thursday, reaching $81.79. 890,161 shares of the company were exchanged, compared to its average volume of 714,566. Mueller Industries has a 12 month low of $36.39 and a 12 month high of $84.11. The stock has a 50-day moving average of $71.24 and a 200 day moving average of $63.27. The firm has a market cap of $9.29 billion, a price-to-earnings ratio of 16.35 and a beta of 1.03.
Mueller Industries Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were issued a $0.20 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.80 annualized dividend and a yield of 0.98%. Mueller Industries’s dividend payout ratio (DPR) is currently 16.03%.
Insider Activity
Mueller Industries Company Profile
Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. It operates through three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples.
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