Headlines about Mueller Industries (NYSE:MLI) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mueller Industries earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 45.6854038375825 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several research firms have recently commented on MLI. TheStreet upgraded Mueller Industries from a “c” rating to a “b-” rating in a research note on Friday, May 18th. Boenning Scattergood began coverage on Mueller Industries in a research note on Friday, May 18th. They set a “neutral” rating for the company.
Mueller Industries stock opened at $29.73 on Friday. The company has a market cap of $1.73 billion, a PE ratio of 19.95 and a beta of 1.44. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.58 and a quick ratio of 2.03. Mueller Industries has a 52 week low of $25.26 and a 52 week high of $37.57.
Mueller Industries (NYSE:MLI) last released its earnings results on Tuesday, April 24th. The industrial products company reported $0.47 EPS for the quarter. The company had revenue of $640.06 million during the quarter. Mueller Industries had a return on equity of 15.55% and a net margin of 3.42%. analysts forecast that Mueller Industries will post 1.7 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Friday, June 1st were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.35%. The ex-dividend date was Thursday, May 31st. Mueller Industries’s dividend payout ratio (DPR) is presently 26.85%.
About Mueller Industries
Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, Asia, and Mexico. Its Piping Systems segment manufactures copper tubes and fittings, plastic fittings, line sets, and related components for water distribution system, heating system, air-conditioning, and refrigeration applications, as well as drainage, waste, and vent systems.
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