Stock analysts predict that Zurn Water Solutions (NYSE: ZWS) will report sales of $ 221.85 million for the current fiscal quarter, Zack reports. Two analysts have estimated Zurn Water Solutions’ earnings. The lowest sales estimate is $ 221.70 million and the highest is $ 222.00 million. Zurn Water Solutions reported sales of $ 490.40 million in the same quarter last year, suggesting a negative growth rate of 54.8% year-over-year. The company is expected to release its next earnings report on Tuesday, February 15.
Zacks says analysts expect Zurn Water Solutions to report annual revenue of $ 903.60 million for the current fiscal year, with estimates ranging from $ 901.00 million to $ 906.20 millions of dollars. For the next fiscal year, analysts predict the company will post sales of $ 1.01 billion, with estimates ranging from $ 1.00 billion to $ 1.01 billion. Zacks sales averages are an average based on a survey of seller-side analysts who provide coverage for Zurn Water Solutions.
Zurn Water Solutions (NYSE: ZWS) last reported its quarterly results on Monday, October 25. The company reported earnings per share of $ 0.55 for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ estimates of $ 234.00 million. In the same quarter of the previous year, the company achieved earnings per share of $ 0.47. The quarterly turnover of the activity is up 12.9% compared to the same quarter of last year.
ZWS has been the subject of several research reports. 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. Oppenheimer raised its price target for Zurn Water Solutions stock from $ 40.00 to $ 42.00 and rated the stock as “outperforming” in a report released on Thursday, December 2. Robert W. Baird downgraded Zurn Water Solutions shares from an “outperforming” to a “neutral” rating and increased the target share price from $ 32.00 to $ 38.00 in a report released on Friday October 15. Finally, Zacks investment research upgraded Zurn Water Solutions’ shares from a “strong sell” rating to a “conservation” rating in a report released Wednesday.
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Meanwhile, CFO Mark W. Peterson sold 123,709 shares in a trade that took place on Friday, October 29. The shares were sold at an average price of $ 36.04, for a total trade of $ 4,458,472.36. The transaction was disclosed in a file with the Securities & Exchange Commission, which is available through this link. Additionally, CEO Todd A. Adams sold 644,480 shares in a trade that took place on Friday, October 29. The shares were sold at an average price of $ 36.04, for a total trade of $ 23,227,059.20. Disclosure of this sale can be found here. During the last quarter, insiders sold 960,700 shares of the company valued at $ 34,652,123. Company insiders own 2.90% of the company’s shares.
A number of institutional investors and hedge funds have recently increased or reduced their stakes in the stock. Hillsdale Investment Management Inc. purchased a new position in Zurn Water Solutions in the third quarter valued at approximately $ 1,305,000. Nisa Investment Advisors LLC purchased a new position in Zurn Water Solutions in the 3rd quarter for a value of $ 471,000. Finally, Marshall Wace LLP purchased a new position in Zurn Water Solutions in the 3rd quarter for a value of $ 401,000. 99.21% of the shares are held by institutional investors.
NYSE ZWS shares opened at $ 37.47 on Friday. The company’s 50-day moving average is $ 36.31. Zurn Water Solutions has a one-year low at $ 18.32 and a one-year high at $ 38.31. The company has a market cap of $ 4.55 billion, a price / earnings ratio of 20.82, a P / E / G ratio of 3.00 and a beta of 1.35. The company has a quick ratio of 2.08, a current ratio of 3.00, and a debt to equity ratio of 0.72.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 7. Investors of record on Friday, November 19 received a dividend of $ 0.03. The ex-dividend date was Thursday, November 18. This represents a dividend of $ 0.12 on an annualized basis and a dividend yield of 0.32%. Zurn Water Solutions’ dividend payout ratio is currently 6.67%.
About Zurn Water Solutions
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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