Mueller Industries (NYSE:MLI – Get Free Report) issued its quarterly earnings results on Tuesday. The industrial products company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.29 by $0.12, Zacks reports. Mueller Industries had a net margin of 17.22% and a return on equity of 24.69%. The firm had revenue of $997.75 million during the quarter.
Mueller Industries Price Performance
MLI stock traded down $1.26 on Wednesday, hitting $65.63. 1,038,649 shares of the company were exchanged, compared to its average volume of 679,010. Mueller Industries has a twelve month low of $34.96 and a twelve month high of $67.82. The business’s fifty day moving average is $57.89 and its two-hundred day moving average is $53.83. The stock has a market capitalization of $7.46 billion, a price-to-earnings ratio of 13.36 and a beta of 1.06.
Mueller Industries Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.22%. The ex-dividend date was Friday, June 7th. Mueller Industries’s dividend payout ratio (DPR) is 16.03%.
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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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