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

Zurn Elkay Water Solutions (NYSE:ZWS) issued its quarterly earnings data on Tuesday. The company reported $0.32 EPS for the quarter, beating 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 1.0 %

ZWS opened at $39.53 on Wednesday. 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 company’s 50 day simple moving average is $38.55 and its two-hundred day simple moving average is $35.95. Zurn Elkay Water Solutions has a 1-year low of $28.25 and a 1-year high of $41.15. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 50.03, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, February 20th. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is 45.57%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ZWS shares. Mizuho raised 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 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. Oppenheimer raised their target price on Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Robert W. Baird raised their target price on 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Zurn Elkay Water Solutions presently has an average rating of “Moderate Buy” and an average target price of $38.67.

Insider Activity

In related news, CFO David J. Pauli sold 4,070 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were 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 in the company, valued at approximately $1,862,443.80. The trade was a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Jeffrey J. Lavalle sold 3,132 shares of the business’s stock in a transaction 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 transaction, the vice president now owns 35,422 shares of the company’s stock, valued at approximately $1,386,771.30. The trade was a 8.12 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

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.