Zurn Elkay Water Solutions (ZWS) to Release Earnings on Tuesday

Zurn Elkay Water Solutions (NYSE:ZWS) is expected to announce its earnings results after the market closes on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.29 per share and revenue of $383.87 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Zurn Elkay Water Solutions (NYSE:ZWS) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Zurn Elkay Water Solutions had a net margin of 10.23% and a return on equity of 14.03%. On average, analysts expect Zurn Elkay Water Solutions to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Zurn Elkay Water Solutions Price Performance

NYSE ZWS opened at $30.04 on Monday. Zurn Elkay Water Solutions has a 12 month low of $27.74 and a 12 month high of $41.15. The firm has a market capitalization of $5.07 billion, a PE ratio of 32.65, a P/E/G ratio of 2.01 and a beta of 1.08. The company’s 50 day simple moving average is $33.01 and its 200 day simple moving average is $36.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81.

Zurn Elkay Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Thursday, February 20th. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is presently 39.13%.

Analyst Upgrades and Downgrades

ZWS has been the topic of several research reports. The Goldman Sachs Group dropped their price target on shares of Zurn Elkay Water Solutions from $39.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. Stifel Nicolaus upgraded shares of Zurn Elkay Water Solutions from a “hold” rating to a “buy” rating and reduced their target price for the stock from $39.00 to $34.00 in a report on Wednesday, April 16th. Finally, BNP Paribas cut Zurn Elkay Water Solutions from an “outperform” rating to a “neutral” rating and set a $29.00 price target on the stock. in a report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Zurn Elkay Water Solutions presently has an average rating of “Hold” and a consensus price target of $35.71.

Insider Transactions at Zurn Elkay Water Solutions

In other Zurn Elkay Water Solutions news, major shareholder Aimee Katz sold 8,912,500 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $33.60, for a total value of $299,460,000.00. Following the transaction, the insider now owns 15,002,819 shares in the company, valued at approximately $504,094,718.40. This represents a 37.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David J. Pauli sold 8,390 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $35.47, for a total transaction of $297,593.30. Following the transaction, the chief financial officer now owns 59,410 shares in the company, valued at approximately $2,107,272.70. This represents a 12.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

Zurn Elkay Water Solutions Company Profile

Zurn Elkay Water Solutions Corporation engages in design, procurement, manufacture, and marketing of water management solutions in the United States, Canada, and internationally. It offers water safety and control products, such as backflow preventers, fire system valves, pressure reducing valves, thermostatic mixing valves, PEX pipings, fittings, and installation tools under the Zurn and Wilkins brand names.