$0.29 Earnings Per Share Expected for Zurn Water Solutions Co. (NYSE:ZWS) This Quarter

Wall Street analysts predict that Zurn Water Solutions Co. (NYSE:ZWSGet 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:ZWSGet 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.

A number of equities analysts recently commented on ZWS shares. Zacks Investment Research downgraded shares of Zurn Water Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th. Robert W. Baird raised Zurn Water Solutions from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $38.00 to $43.00 in a research report on Tuesday, February 15th. Finally, Mizuho cut their target price on Zurn Water Solutions from $43.00 to $39.00 in a research report on Thursday, April 28th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Zurn Water Solutions presently has an average rating of “Buy” and an average price target of $40.40.

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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Earnings History and Estimates for Zurn Water Solutions (NYSE:ZWS)

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