Zurn Water Solutions Co. (NYSE:ZWS – Get Rating) – Equities research analysts at KeyCorp lowered their Q2 2022 earnings per share (EPS) estimates for shares of Zurn Water Solutions in a research note issued to investors on Tuesday, April 26th. KeyCorp analyst J. Hammond now anticipates that the company will post earnings of $0.29 per share for the quarter, down from their prior estimate of $0.31. KeyCorp also issued estimates for Zurn Water Solutions’ Q3 2022 earnings at $0.34 EPS and Q4 2022 earnings at $0.32 EPS.
Zurn Water Solutions (NYSE:ZWS – Get Rating) last posted its quarterly earnings data on Tuesday, April 26th. The company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.02. Zurn Water Solutions had a net margin of 6.42% and a return on equity of 18.75%. During the same quarter in the prior year, the business posted $0.47 EPS.
A number of other equities analysts have also issued reports on ZWS. Zacks Investment Research lowered shares of Zurn Water Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, April 6th. Mizuho decreased their target price on shares of Zurn Water Solutions from $43.00 to $39.00 in a report on Thursday. Finally, Robert W. Baird raised shares of Zurn Water Solutions from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $38.00 to $43.00 in a research report on Tuesday, February 15th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $40.40.
ZWS stock opened at $32.02 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.98 and a debt-to-equity ratio of 4.22. Zurn Water Solutions has a fifty-two week low of $23.83 and a fifty-two week high of $38.31. The firm’s 50-day simple moving average is $34.41 and its 200 day simple moving average is $34.73. The stock has a market cap of $4.03 billion, a PE ratio of 32.67, a price-to-earnings-growth ratio of 1.61 and a beta of 1.38.
Several large investors have recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. acquired a new stake in shares of Zurn Water Solutions in the fourth quarter worth $25,000. Cullen Frost Bankers Inc. acquired a new stake in Zurn Water Solutions during the fourth quarter worth $28,000. Lindbrook Capital LLC boosted its stake in Zurn Water Solutions by 5,992.3% during the first quarter. Lindbrook Capital LLC now owns 792 shares of the company’s stock worth $28,000 after buying an additional 779 shares in the last quarter. Huntington National Bank acquired a new stake in Zurn Water Solutions during the fourth quarter worth $32,000. Finally, AdvisorNet Financial Inc bought a new position in shares of Zurn Water Solutions during the fourth quarter valued at $39,000.
The company also recently declared a quarterly dividend, which was paid on Monday, March 7th. Stockholders of record on Friday, February 18th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend was Thursday, February 17th. Zurn Water Solutions’s dividend payout ratio is 12.24%.
Zurn Water Solutions Company Profile (Get Rating)
Zurn Water Solutions Corporation designs, procures, manufactures, and markets water system solutions that provide and enhance water quality, safety, flow control, and conservation in and around non-residential buildings. It offers finish plumbing, drainage and interceptors, water control and backflow, fire protection, PEX pipe fittings and accessories, and repair parts under the Zurn brand name; and hand and hair dryers, and baby changing stations under the World Dryer brand name.
Further Reading
- Get a free copy of the StockNews.com research report on Zurn Water Solutions (ZWS)
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