Zurn Elkay Water Solutions (NYSE:ZWS) Announces Earnings Results, Beats Expectations By $0.04 EPS

Zurn Elkay Water Solutions (NYSE:ZWS) issued its quarterly earnings results on Tuesday. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04, Zacks reports. Zurn Elkay Water Solutions had a net margin of 8.87% and a return on equity of 13.30%.

Zurn Elkay Water Solutions Price Performance

Shares of NYSE:ZWS opened at $38.12 on Thursday. The company’s fifty day moving average price is $38.52 and its 200-day moving average price is $35.97. 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 firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 48.25, a PEG ratio of 1.83 and a beta of 1.15. Zurn Elkay Water Solutions has a one year low of $28.25 and a one year high of $41.15.

Zurn Elkay Water Solutions Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.36 annualized dividend and a yield of 0.94%. Zurn Elkay Water Solutions’s payout ratio is presently 45.57%.

Analyst Ratings Changes

Several brokerages have issued reports on ZWS. Robert W. Baird boosted their target price on Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Mizuho upped their price objective 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. Stifel Nicolaus lifted their target price 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, January 24th. Finally, Oppenheimer upped their price target on shares of Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.67.

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.