Zurn Elkay Water Solutions (NYSE:ZWS) Announces Earnings Results

Zurn Elkay Water Solutions (NYSE:ZWS) posted its quarterly earnings results on Tuesday. The company reported $0.32 EPS for the quarter, topping the consensus estimate 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 Stock Performance

NYSE:ZWS opened at $38.12 on Thursday. The company has a quick ratio of 1.71, a current ratio of 2.70 and a debt-to-equity ratio of 0.31. Zurn Elkay Water Solutions has a twelve month low of $28.25 and a twelve month high of $41.15. The stock has a market cap of $6.47 billion, a P/E ratio of 48.25, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15. The firm’s fifty day simple moving average is $38.52 and its 200 day simple moving average is $35.97.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 20th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, February 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.94%. Zurn Elkay Water Solutions’s dividend payout ratio is presently 45.57%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. 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 report on Friday, January 24th. Mizuho raised their price target on Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Oppenheimer boosted their price objective 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 shares of Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Zurn Elkay Water Solutions has an average rating of “Moderate Buy” and a consensus 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.