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

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) is scheduled to release its earnings data after the market closes on Tuesday, October 29th. Analysts expect Zurn Elkay Water Solutions to post earnings of $0.32 per share for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.02. Zurn Elkay Water Solutions had a return on equity of 12.82% and a net margin of 8.80%. The firm had revenue of $412.00 million during the quarter, compared to the consensus estimate of $409.14 million. During the same period in the prior year, the company posted $0.24 earnings per share. The firm's quarterly revenue was up 2.2% compared to the same quarter last year. On average, analysts expect Zurn Elkay Water Solutions to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Zurn Elkay Water Solutions Stock Down 1.0 %

ZWS stock traded down $0.36 during midday trading on Tuesday, reaching $36.51. 866,698 shares of the company were exchanged, compared to its average volume of 1,120,473. The stock's 50-day simple moving average is $33.89 and its 200 day simple moving average is $32.08. Zurn Elkay Water Solutions has a 1-year low of $25.09 and a 1-year high of $38.11. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.75 and a current ratio of 2.84. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 51.42, a price-to-earnings-growth ratio of 2.01 and a beta of 1.14.

Zurn Elkay Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 20th were given a $0.08 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $0.32 dividend on an annualized basis and a yield of 0.88%. Zurn Elkay Water Solutions's dividend payout ratio (DPR) is presently 45.07%.

Insiders Place Their Bets

In related news, VP Sudhanshu Chhabra sold 52,851 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.55, for a total transaction of $1,720,300.05. Following the completion of the sale, the vice president now directly owns 80,151 shares of the company's stock, valued at $2,608,915.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Zurn Elkay Water Solutions news, Director Timothy J. Jahnke sold 15,600 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $33.03, for a total value of $515,268.00. Following the sale, the director now owns 385,017 shares of the company's stock, valued at approximately $12,717,111.51. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sudhanshu Chhabra sold 52,851 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $32.55, for a total value of $1,720,300.05. Following the transaction, the vice president now directly owns 80,151 shares of the company's stock, valued at approximately $2,608,915.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,572 shares of company stock valued at $3,473,472. 3.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

ZWS has been the topic of a number of research analyst reports. Oppenheimer lifted their target price on Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price objective on Zurn Elkay Water Solutions from $35.00 to $37.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus raised their target price on shares of Zurn Elkay Water Solutions from $34.00 to $36.00 and gave the stock a "hold" rating in a research report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.40.

About Zurn Elkay Water Solutions

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.