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

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) is expected to issue its quarterly earnings data after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $366.64 million for the quarter. Parties 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 issued its earnings results on Tuesday, October 29th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. Zurn Elkay Water Solutions had a net margin of 8.87% and a return on equity of 13.30%. The business had revenue of $410.00 million for the quarter, compared to analyst estimates of $406.15 million. During the same quarter in the prior year, the business posted $0.29 EPS. The company's revenue for the quarter was up 2.9% on a year-over-year basis. 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 Up 0.5 %

NYSE ZWS traded up $0.19 on Friday, hitting $39.49. 720,674 shares of the stock traded hands, compared to its average volume of 837,870. The company has a current ratio of 2.70, a quick ratio of 1.71 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average of $38.58 and a 200 day moving average of $35.72. Zurn Elkay Water Solutions has a twelve month low of $28.25 and a twelve month high of $41.15. The company has a market capitalization of $6.70 billion, a P/E ratio of 49.99, a price-to-earnings-growth ratio of 1.81 and a beta of 1.15.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ZWS shares. Robert W. Baird raised their price objective on 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. Mizuho lifted their price target on shares of Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Oppenheimer increased their price objective on shares of Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Finally, Stifel Nicolaus increased their price target on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a "hold" rating in a research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $38.67.

Insider Buying and Selling

In other Zurn Elkay Water Solutions news, CEO Todd A. Adams sold 120,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $39.83, for a total transaction of $4,779,600.00. Following the transaction, the chief executive officer now owns 2,242,867 shares of the company's stock, valued at approximately $89,333,392.61. This trade represents a 5.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jeffrey J. Lavalle sold 3,132 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $39.15, for a total transaction of $122,617.80. Following the completion of the sale, the vice president now directly owns 35,422 shares of the company's stock, valued at approximately $1,386,771.30. This represents a 8.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 127,202 shares of company stock valued at $5,061,558 in the last three months. 3.80% of the stock is currently owned by corporate 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.