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

Zurn Elkay Water Solutions (NYSE:ZWS) is expected to be releasing its earnings data before the market opens on Tuesday, February 4th. Analysts expect Zurn Elkay Water Solutions to post earnings of $0.28 per share and revenue of $366,714.85 billion for the quarter. Investors interested in registering for the company’s 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 (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $410.00 million for the quarter, compared to the consensus estimate of $406.15 million. Zurn Elkay Water Solutions had a net margin of 8.87% and a return on equity of 13.30%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.29 earnings per share. 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 %

ZWS stock opened at $38.90 on Tuesday. The stock 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. Zurn Elkay Water Solutions has a 52 week low of $28.25 and a 52 week high of $41.15. The company has a quick ratio of 1.71, a current ratio of 2.70 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average of $38.58 and a 200 day moving average of $35.54.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ZWS shares. 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 report on Thursday, October 31st. Oppenheimer increased their price objective on Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Mizuho raised their price objective 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. Finally, Stifel Nicolaus upped their target price on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.67.

Insider Buying and Selling

In other news, VP Jeffrey J. Lavalle sold 3,132 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $39.15, for a total transaction of $122,617.80. Following the completion of the transaction, the vice president now directly owns 35,422 shares of the company’s stock, valued at $1,386,771.30. The trade was a 8.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David J. Pauli sold 4,070 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $39.15, for a total transaction of $159,340.50. Following the sale, the chief financial officer now directly owns 47,572 shares in the company, valued at $1,862,443.80. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 127,202 shares of company stock valued at $5,061,558 over the last ninety days. Company insiders own 3.80% of the company’s stock.

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.