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

Zurn Elkay Water Solutions (NYSE:ZWS) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, July 30th. Analysts expect Zurn Elkay Water Solutions to post earnings of $0.31 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Zurn Elkay Water Solutions Stock Performance

Shares of ZWS stock opened at $32.40 on Monday. Zurn Elkay Water Solutions has a 12-month low of $25.09 and a 12-month high of $34.58. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 45.63, a price-to-earnings-growth ratio of 1.79 and a beta of 1.16. The business has a 50 day simple moving average of $30.61 and a 200 day simple moving average of $31.17. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.31 and a quick ratio of 1.95.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Tuesday, August 20th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Tuesday, August 20th. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is 45.07%.

Insider Buying and Selling at Zurn Elkay Water Solutions

In other Zurn Elkay Water Solutions news, Director Thomas Christopoul sold 10,495 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $32.11, for a total transaction of $336,994.45. Following the completion of the transaction, the director now directly owns 104,844 shares of the company’s stock, valued at approximately $3,366,540.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Thomas Christopoul sold 10,495 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $32.11, for a total transaction of $336,994.45. Following the completion of the sale, the director now owns 104,844 shares in the company, valued at approximately $3,366,540.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Aimee Katz sold 8,240 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $29.14, for a total value of $240,113.60. Following the sale, the insider now owns 23,565,924 shares of the company’s stock, valued at approximately $686,711,025.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 251,442 shares of company stock valued at $7,716,844. 3.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Oppenheimer increased their price objective on Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft decreased their price objective on Zurn Elkay Water Solutions from $37.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Finally, Stifel Nicolaus increased their price objective on Zurn Elkay Water Solutions from $32.00 to $34.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Four investment 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.com, the stock presently has a consensus rating of “Hold” and an average price target of $35.00.

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.