Wall Street brokers expect Zurn Water Solutions (NYSE: ZWS) to report sales of $ 221.85 million for the current quarter, according to Zacks. Two analysts provided earnings estimates for Zurn Water Solutions, with the highest sales estimate at $ 222.00 million and the lower estimate at $ 221.70 million. Zurn Water Solutions reported sales of $ 490.40 million in the same quarter last year, indicating a negative growth rate of 54.8% year-over-year. The company is expected to release its next results on Tuesday, February 15.
Zacks says analysts expect Zurn Water Solutions to have annual revenue of $ 903.60 million for the current fiscal year, with estimates ranging from $ 901.00 million to $ 906.20 million. millions of dollars. For next year, analysts predict the company will post sales of $ 1.01 billion, with estimates ranging from $ 1.00 billion to $ 1.01 billion. Zacks Investment Research sales calculations are an average based on a survey of research companies that provide coverage for Zurn Water Solutions.
Zurn Water Solutions (NYSE: ZWS) last reported its quarterly results on Monday, October 25. The company reported EPS of $ 0.55 for the quarter, beating consensus analysts’ estimates of $ 0.23 by $ 0.32. Zurn Water Solutions had a net margin of 10.48% and a return on equity of 15.67%. The company posted revenue of $ 557.20 million in the quarter, compared to analysts’ estimates of $ 234.00 million. During the same period of the previous year, the company posted earnings per share of $ 0.47. The company’s revenue for the quarter increased 12.9% year-over-year.
Several analysts recently published reports on ZWS shares. Zacks investment research upgraded Zurn Water Solutions shares from a “hold” rating to a “buy” rating and set a target price of $ 41.00 for the company in a research report released Thursday. Mizuho assumed coverage of Zurn Water Solutions shares in a report released on Thursday, December 16. They set a “buy” rating and a price target of $ 43.00 for the stock. Robert W. Baird downgraded Zurn Water Solutions’ stock rating from “outperforming” to “neutral” and raised their price target for the company from $ 32.00 to $ 38.00 in a report published on Friday, October 15. KeyCorp raised its price target on Zurn Water Solutions shares from $ 40.00 to $ 43.00 and assigned the company an “overweight” rating in a report released on Friday, November 19. Finally, Oppenheimer raised its price target on Zurn Water Solutions shares from $ 40.00 to $ 42.00 and gave the company an “outperformance” rating in a report released on Thursday, December 2. One analyst rated the stock with a conservation rating and four gave the company a buy rating. According to data from MarketBeat.com, the company currently has an average “Buy” rating and a consensus target price of $ 41.40.
In other news from Zurn Water Solutions, VP Chirag dua sold 15,112 shares in a trade dated Friday, October 29. The shares were sold at an average price of $ 36.04, for a total trade of $ 544,636.48. The sale was disclosed in a legal file with the SEC, which is available through this hyperlink. Also, please Rodney Jackson sold 30,706 shares in a transaction dated Friday, October 29. The stock was sold for an average price of $ 36.04, for a total trade of $ 1,106,644.24. Disclosure of this sale can be found here. Insiders sold 961,200 shares of the company valued at $ 34,670,928 during the last quarter. Company insiders own 2.90% of the company’s shares.
Several hedge funds have recently increased or reduced their holdings in ZWS. Hillsdale Investment Management Inc. purchased a new position in Zurn Water Solutions shares in the third quarter valued at approximately $ 1,305,000. Nisa Investment Advisors LLC purchased a new position in Zurn Water Solutions shares in the third quarter valued at approximately $ 471,000. Finally, Marshall Wace LLP purchased a new position in shares of Zurn Water Solutions in the third quarter for a value of approximately $ 401,000. 99.21% of the shares are held by institutional investors and hedge funds.
Actions of NYSE ZWS opened for $ 36.40 on Friday. The company’s 50-day simple moving average is $ 36.31. The company has a debt to equity ratio of 0.72, a current ratio of 3.00 and a quick ratio of 2.08. The company has a market cap of $ 4.42 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 3.02, and a beta of 1.35. Zurn Water Solutions has a 12 month low of $ 18.65 and a 12 month high of $ 38.31.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 7. Investors of record on Friday, November 19 received a dividend of $ 0.03 per share. This represents a dividend of $ 0.12 on an annualized basis and a return of 0.33%. The ex-dividend date of this dividend was Thursday, November 18. Zurn Water Solutions’ payout rate is 6.67%.
Zurn Water Solutions Company Profile
Zurn Water Solutions Corp. is engaged in the manufacture of power transmission, aerospace and other precision motion technology products. The company operates through two segments: the process and motion control platform and the water management platform. The Process & Motion Control platform designs, manufactures, markets and services a range of engineering mechanical components used in systems.
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