Zurn Elkay Water Solutions (ZWS) Projected to Post Earnings on Tuesday

Zurn Elkay Water Solutions (NYSE:ZWS) will likely be announcing its earnings results before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $366,714.85 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Zurn Elkay Water Solutions (NYSE:ZWS) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.34 earnings per share for the quarter, topping 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 company had revenue of $410.00 million for the quarter, compared to analyst estimates of $406.15 million. During the same period in the prior year, the company posted $0.29 EPS. The firm’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 0.3 %

Shares of NYSE:ZWS opened at $38.90 on Tuesday. The firm has a market capitalization of $6.60 billion, a PE ratio of 49.24, a price-to-earnings-growth ratio of 1.80 and a beta of 1.15. The business has a 50 day simple moving average of $38.58 and a two-hundred day simple moving average of $35.54. Zurn Elkay Water Solutions has a 1 year low of $28.25 and a 1 year high of $41.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.70 and a quick ratio of 1.71.

Insider Activity

In related news, CEO Todd A. Adams sold 120,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $39.83, for a total transaction of $4,779,600.00. Following the sale, the chief executive officer now owns 2,242,867 shares of the company’s stock, valued at $89,333,392.61. This trade represents a 5.08 % 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. Also, CFO David J. Pauli sold 4,070 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $39.15, for a total transaction of $159,340.50. Following the completion of the transaction, the chief financial officer now owns 47,572 shares of the company’s stock, valued at $1,862,443.80. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,202 shares of company stock worth $5,061,558. 3.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ZWS has been the topic of a number of recent analyst reports. Mizuho increased their target price 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 raised their price target on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Friday. Robert W. Baird boosted their price objective on shares of Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Oppenheimer raised their target price on shares of Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Zurn Elkay Water Solutions presently has an average rating of “Moderate Buy” and an average price target of $38.67.

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.