Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) issued its earnings results on Tuesday. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.04, Zacks reports. Zurn Elkay Water Solutions had a return on equity of 13.30% and a net margin of 8.87%.
Zurn Elkay Water Solutions Trading Up 0.4 %
Shares of ZWS stock traded up $0.15 during trading hours on Thursday, hitting $38.24. The company had a trading volume of 1,052,534 shares, compared to its average volume of 915,797. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.70 and a quick ratio of 1.71. The stock has a market capitalization of $6.49 billion, a PE ratio of 48.41, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15. The company's fifty day moving average is $38.52 and its 200 day moving average is $35.97. Zurn Elkay Water Solutions has a fifty-two week low of $28.25 and a fifty-two week high of $41.15.
Zurn Elkay Water Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, February 20th. Zurn Elkay Water Solutions's dividend payout ratio is presently 45.57%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the company. Mizuho boosted their price objective on Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Stifel Nicolaus boosted their price target on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a "hold" rating in a research report on Friday, January 24th. Oppenheimer upped their price objective on shares of Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Finally, Robert W. Baird lifted their target price on shares of Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Zurn Elkay Water Solutions has a consensus rating of "Moderate Buy" and an average target price of $38.67.
Get Our Latest Stock Analysis on Zurn Elkay Water Solutions
About Zurn Elkay Water Solutions
(
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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.
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