Mueller Industries (NYSE:MLI – Get Free Report) issued its quarterly earnings results on Tuesday. The industrial products company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.16, Briefing.com reports. The business had revenue of $997.80 million for the quarter, compared to analysts’ expectations of $936.00 million. Mueller Industries had a net margin of 16.19% and a return on equity of 22.86%. The business’s quarterly revenue was up 21.7% compared to the same quarter last year.
Mueller Industries Price Performance
Shares of Mueller Industries stock opened at $80.98 on Thursday. The company’s fifty day simple moving average is $71.24 and its 200-day simple moving average is $63.27. The stock has a market capitalization of $9.20 billion, a PE ratio of 16.23 and a beta of 1.03. Mueller Industries has a 1-year low of $35.53 and a 1-year high of $84.11.
Mueller Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Friday, September 6th. Mueller Industries’s dividend payout ratio is presently 16.03%.
Insider Transactions at Mueller Industries
About Mueller Industries
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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