Wall Street analysts predict that Zurn Water Solutions Co. (NYSE:ZWS – Get Rating) will post $0.29 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Zurn Water Solutions’ earnings. Zurn Water Solutions posted earnings per share of $0.58 during the same quarter last year, which indicates a negative year over year growth rate of 50%. The business is expected to report its next earnings results on Monday, January 1st.
On average, analysts expect that Zurn Water Solutions will report full year earnings of $1.13 per share for the current financial year, with EPS estimates ranging from $1.12 to $1.14. For the next financial year, analysts expect that the company will report earnings of $1.41 per share, with EPS estimates ranging from $1.32 to $1.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Zurn Water Solutions.
Zurn Water Solutions (NYSE:ZWS – Get Rating) last announced its quarterly earnings data on Tuesday, April 26th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. Zurn Water Solutions had a return on equity of 22.48% and a net margin of 6.33%. During the same period in the previous year, the firm posted $0.47 earnings per share.
Shares of Zurn Water Solutions stock opened at $31.09 on Monday. The company has a quick ratio of 1.38, a current ratio of 2.42 and a debt-to-equity ratio of 2.75. Zurn Water Solutions has a 52-week low of $23.83 and a 52-week high of $38.31. The company has a market capitalization of $3.92 billion, a P/E ratio of 37.92, a P/E/G ratio of 1.36 and a beta of 1.38. The company has a 50 day moving average of $34.28 and a 200 day moving average of $34.59.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 7th. Stockholders of record on Friday, February 18th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Thursday, February 17th. Zurn Water Solutions’s payout ratio is currently 14.63%.
Several institutional investors have recently made changes to their positions in ZWS. BlackRock Inc. acquired a new stake in Zurn Water Solutions during the 4th quarter worth $374,974,000. Capital World Investors acquired a new stake in shares of Zurn Water Solutions during the fourth quarter worth about $262,847,000. Impax Asset Management Group plc acquired a new stake in shares of Zurn Water Solutions during the fourth quarter worth about $231,389,000. Invesco Ltd. purchased a new position in shares of Zurn Water Solutions during the fourth quarter worth about $165,047,000. Finally, Dimensional Fund Advisors LP acquired a new position in Zurn Water Solutions in the 4th quarter valued at about $104,503,000. 98.32% of the stock is currently owned by institutional investors and hedge funds.
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.
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