Zurn Elkay Water Solutions (ZWS) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Zurn Elkay Water Solutions in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ZWS shares.
View ZWS analyst ratings or view top-rated stocks.

7 brokerages have issued twelve-month price targets for Zurn Elkay Water Solutions' shares. Their ZWS share price forecasts range from $25.00 to $34.00. On average, they expect the company's stock price to reach $30.00 in the next year. This suggests a possible upside of 5.6% from the stock's current price.
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Zurn Elkay Water Solutions' stock was trading at $21.15 on January 1st, 2023. Since then, ZWS shares have increased by 34.4% and is now trading at $28.42.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our ZWS earnings forecast.

Zurn Elkay Water Solutions Co. (NYSE:ZWS) posted its quarterly earnings results on Monday, July, 24th. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.02. The firm had revenue of $403.20 million for the quarter, compared to analysts' expectations of $392.36 million. Zurn Elkay Water Solutions had a net margin of 3.42% and a trailing twelve-month return on equity of 9.24%.

Zurn Elkay Water Solutions declared a quarterly dividend on Thursday, July 20th. Shareholders of record on Friday, August 18th will be paid a dividend of $0.07 per share on Thursday, September 7th. This represents a $0.28 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, August 17th.
Read our dividend analysis for ZWS.

ETFs with the largest weight of Zurn Elkay Water Solutions (NYSE:ZWS) stock in their portfolio include Global X Clean Water ETF (AQWA), First Trust Water ETF (FIW), Invesco S&P Global Water Index ETF (CGW) and Invesco Water Resources ETF (PHO).Ecofin Global Water ESG Fund (EBLU).

Zurn Elkay Water Solutions (NYSE:ZWS) pays an annual dividend of $0.28 per share and currently has a dividend yield of 1.01%. The dividend payout ratio is 93.34%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ZWS will have a dividend payout ratio of 24.35% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ZWS.

Zurn Elkay Water Solutions updated its third quarter 2023 earnings guidance on Tuesday, July, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $390.00 million-$400.00 million, compared to the consensus revenue estimate of $400.88 million.

Zurn Elkay Water Solutions trades on the New York Stock Exchange (NYSE) under the ticker symbol "ZWS."

Zurn Elkay Water Solutions' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.86%), Impax Asset Management Group plc (6.59%), Bank Julius Baer & Co. Ltd Zurich (3.09%), State Street Corp (1.77%), Beck Mack & Oliver LLC (1.72%) and Kayne Anderson Rudnick Investment Management LLC (1.70%). Insiders that own company stock include Chirag Dua, Craig Wehr, Jacques Donavon Butler, Mark W Peterson, Michael Troutman, Patricia M Whaley, Rodney Jackson, Sudhanshu Chhabra, Thomas Christopoul and Todd A Adams.
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Shares of ZWS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ZWS stock can currently be purchased for approximately $28.42.

Zurn Elkay Water Solutions (NYSE:ZWS) has a market capitalization of $4.92 billion and generates $1.28 billion in revenue each year. The company earns $61.70 million in net income (profit) each year or $0.30 on an earnings per share basis.

The company employs 2,700 workers across the globe.

Zurn Elkay Water Solutions' mailing address is 4701 W Greenfield Ave, Milwaukee, Wisconsin 53214-5310. The official website for the company is www.rexnord.com. The company can be reached via phone at (855) 480-5050, via email at investorinfo@rexnord.com, or via fax at 414-643-3078.