Zurn Elkay Water Solutions (NYSE:ZWS) Issues Earnings Results, Beats Estimates By $0.03 EPS

Zurn Elkay Water Solutions (NYSE:ZWS) posted its quarterly earnings results on Tuesday. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03, Briefing.com reports. Zurn Elkay Water Solutions had a return on equity of 11.87% and a net margin of 8.11%. The firm had revenue of $374.00 million during the quarter, compared to the consensus estimate of $369.43 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year.

Zurn Elkay Water Solutions Trading Down 1.9 %

NYSE:ZWS opened at $32.12 on Thursday. The business’s 50-day simple moving average is $31.94 and its 200 day simple moving average is $29.98. Zurn Elkay Water Solutions has a one year low of $20.06 and a one year high of $34.58. The stock has a market cap of $5.56 billion, a price-to-earnings ratio of 45.24, a price-to-earnings-growth ratio of 1.82 and a beta of 1.22. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.77 and a current ratio of 3.02.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Tuesday, February 20th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Friday, February 16th. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is 45.07%.

Analyst Ratings Changes

ZWS has been the subject of a number of research reports. BNP Paribas initiated coverage on Zurn Elkay Water Solutions in a research report on Tuesday, March 12th. They set an “outperform” rating and a $40.00 price target for the company. Mizuho downgraded Zurn Elkay Water Solutions from a “buy” rating to a “neutral” rating and set a $34.00 price target for the company. in a research report on Friday, February 9th. Finally, Oppenheimer boosted their price target on Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $32.75.

Insider Buying and Selling at Zurn Elkay Water Solutions

In other Zurn Elkay Water Solutions news, insider Michael Troutman sold 897 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $30.70, for a total transaction of $27,537.90. Following the sale, the insider now owns 43,026 shares in the company, valued at $1,320,898.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Zurn Elkay Water Solutions news, insider Michael Troutman sold 897 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $30.70, for a total transaction of $27,537.90. Following the sale, the insider now owns 43,026 shares in the company, valued at $1,320,898.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark W. Peterson sold 70,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $32.88, for a total value of $2,301,600.00. Following the sale, the chief financial officer now owns 302,299 shares in the company, valued at approximately $9,939,591.12. The disclosure for this sale can be found here. Insiders have sold 741,506 shares of company stock worth $23,964,936 over the last quarter. 3.80% of the stock is 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.