Zurn Elkay Water Solutions Cor (NYSE:ZWS – Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02, FiscalAI reports. The company had revenue of $495.10 million during the quarter, compared to analysts’ expectations of $493.36 million. During the same quarter in the prior year, the firm posted $0.43 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis.
Zurn Elkay Water Solutions Cor Stock Performance
Shares of ZWS stock opened at $49.20 on Wednesday. The stock has a fifty day simple moving average of $47.40 and a two-hundred day simple moving average of $48.29. Zurn Elkay Water Solutions Cor has a 52-week low of $43.06 and a 52-week high of $55.00. The firm has a market capitalization of $8.16 billion, a PE ratio of 30.37 and a beta of 1.07.
Zurn Elkay Water Solutions Cor Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Friday, November 20th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, November 20th. This is a positive change from Zurn Elkay Water Solutions Cor’s previous quarterly dividend of $0.11. Zurn Elkay Water Solutions Cor’s payout ratio is 32.10%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on ZWS shares. Zacks Research lowered Zurn Elkay Water Solutions Cor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Oppenheimer boosted their price objective on shares of Zurn Elkay Water Solutions Cor from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 9th. Stifel Nicolaus lifted their price objective on Zurn Elkay Water Solutions Cor from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Robert W. Baird set a $58.00 target price on Zurn Elkay Water Solutions Cor in a report on Thursday, July 30th. Finally, Royal Bank Of Canada cut their target price on Zurn Elkay Water Solutions Cor from $58.00 to $54.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 14th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.
Check Out Our Latest Report on Zurn Elkay Water Solutions Cor
Insider Buying and Selling
In related news, Director Jacques Butler bought 2,016 shares of the stock in a transaction dated Wednesday, August 19th. The shares were purchased at an average price of $49.60 per share, with a total value of $99,993.60. Following the completion of the acquisition, the director owned 37,487 shares of the company’s stock, valued at $1,859,355.20. This represents a 5.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.40% of the company’s stock.
About Zurn Elkay Water Solutions Cor
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) is a manufacturer of products and systems used to manage, conserve and protect water in commercial, institutional, industrial and residential buildings. The company provides plumbing and water-management solutions designed to support water distribution, drainage, safety, hygiene and efficiency.
Its product portfolio includes commercial faucets, flush valves, fixtures, drains, plumbing specialties, backflow-prevention devices, water coolers, bottle-filling stations, water filtration systems and related accessories.
Read More
- Five stocks we like better than Zurn Elkay Water Solutions Cor
- Hidden in Plain Sight: 2 Earnings Winners Investors May Have Missed
- These 3 New ETFs Are Turning Heads—Are They Worth Buying?
- Coca-Cola Stock Is Everything AI Isn’t—And That’s Its Biggest Strength
- Apple’s Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions
Receive News & Ratings for Zurn Elkay Water Solutions Cor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zurn Elkay Water Solutions Cor and related companies with MarketBeat.com's FREE daily email newsletter.
