NYSE:ZWS

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

$27.47

-0.50 (-1.79%)

(As of 09/21/2023 ET)

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Today's Range: $27.45
▼
$27.77
50-Day Range: $27.10
▼
$30.64
52-Week Range: $19.29
▼
$30.87

Volume: 605,485 shs
Average Volume: 1.33 million shs
Market Capitalization: $4.75 billion

P/E Ratio: 91.57
Dividend Yield: 1.02%
Price Target: $30.00

Zurn Elkay Water Solutions MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.86 Rating Score
Upside/Downside: 9.2% Upside
$30.00 Price Target
Short Interest: Healthy
2.75% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 22.34%
From $0.94 to $1.15 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.20 out of 5 stars

Industrial Products Sector

101st out of 171 stocks

General Industrial Machinery & Equipment Industry

4th out of 7 stocks

1.4

Analyst's Opinion

Consensus Rating
Zurn Elkay Water Solutions has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $30.00, Zurn Elkay Water Solutions has a forecasted upside of 9.2% from its current price of $27.47.
Amount of Analyst Coverage
Zurn Elkay Water Solutions has only been the subject of 3 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.75% of the float of Zurn Elkay Water Solutions has been sold short.
Short Interest Ratio / Days to Cover
Zurn Elkay Water Solutions has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Zurn Elkay Water Solutions has recently decreased by 10.60%, indicating that investor sentiment is improving significantly.

0.8

Dividend Strength

Dividend Yield
Zurn Elkay Water Solutions has a dividend yield of 1.00%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Zurn Elkay Water Solutions does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Zurn Elkay Water Solutions is 93.34%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Zurn Elkay Water Solutions will have a dividend payout ratio of 24.35% next year. This indicates that Zurn Elkay Water Solutions will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ZWS.

3.0

News and Social Media Coverage

News Sentiment
Zurn Elkay Water Solutions has a news sentiment score of 1.38. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Industrial Products companies.
Search Interest
Only 4 people have searched for ZWS on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.
MarketBeat Follows
7 people have added Zurn Elkay Water Solutions to their MarketBeat watchlist in the last 30 days. This is an increase of 600% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Zurn Elkay Water Solutions insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.80% of the stock of Zurn Elkay Water Solutions is held by insiders.
Percentage Held by Institutions
82.45% of the stock of Zurn Elkay Water Solutions is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Zurn Elkay Water Solutions are expected to grow by 22.34% in the coming year, from $0.94 to $1.15 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Zurn Elkay Water Solutions is 91.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.53.
Price to Earnings Ratio vs. Sector
The P/E ratio of Zurn Elkay Water Solutions is 91.57, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 19.10.
Price to Earnings Growth Ratio
Zurn Elkay Water Solutions has a PEG Ratio of 2.00. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Zurn Elkay Water Solutions has a P/B Ratio of 3.03. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Zurn Elkay Water Solutions (NYSE:ZWS) Stock

Zurn Elkay Water Solutions Corporation engages in design, procurement, manufacture, and marketing of water management solutions in the United States, Canada, and internationally. It offers water safety and control products, including interceptors, water control and backflow, fire protection, PEX pipings and tubings, valves, fittings, and installation tools under the Zurn and Wilkis brand names. The company also provides flow systems products, comprising point drains, hydrants, fixture carrier systems, chemical drainage systems; and interceptors and separators, acid neutralization systems, and remote monitoring systems under the Zurn and Green Turtle brands. In addition, it develops, manufactures, and markets remote tank monitoring devices, alarm, software, and services. Further, the company offers sensor-operated flush valves under the Aquaflush, AquaSense, and AquaVantage brands; heavy-duty commercial faucets under the AquaSpec brand; water conserving fixtures under the EcoVantage and Zurn One brands; stainless steel products under the Just Manufacturing brand name, which include stainless steel sinks and plumbing fixtures, and various types of sinks, as well as drinking water products, such as dispensing and filtration products. It serves higher education, healthcare, retail, restaurant, hospitality, education, government, and fire protection markets. The company was formerly known as Zurn Water Solutions Corporation. Zurn Elkay Water Solutions Corporation was incorporated in 2006 and is headquartered in Milwaukee, Wisconsin.

ZWS Price History

30 days | 90 days | 365 days | Advanced Chart

ZWS Stock News Headlines

September 14, 2023 | msn.com

Zurn Elkay Water Solutions: Growth Not Accretive To Shareholder Value, Hold

September 1, 2023 | finance.yahoo.com

Zurn Elkay Water Solutions Corporation's (NYSE:ZWS) Stock Going Strong But Fundamentals Look Weak: What Implications Could This Have On The Stock?

September 22, 2023 | Stansberry Research (Ad)

Experts: NVIDIA Now "Too Big to Succeed"

Several of the market’s top analysts are sounding the alarm that NVIDIA’s share price may have reached its breaking point.

August 28, 2023 | finance.yahoo.com

Milwaukee Public Schools and Zurn Elkay Water Solutions Announce Multi-Year Partnership and $2.2 Million Donation as Kids Return to School

August 28, 2023 | msn.com

Thousands of MPS drinking fountains added or converted for safer, cleaner water

August 12, 2023 | finance.yahoo.com

Dividend Investors: Don't Be Too Quick To Buy Zurn Elkay Water Solutions Corporation (NYSE:ZWS) For Its Upcoming Dividend

July 24, 2023 | finance.yahoo.com

Zurn Elkay Water Solutions Reports Second Quarter 2023 Financial Results

July 24, 2023 | fool.com

Zurn Elkay Water Solutions (NYSE: ZWS)

September 22, 2023 | Stansberry Research (Ad)

Experts: NVIDIA Now "Too Big to Succeed"

Several of the market’s top analysts are sounding the alarm that NVIDIA’s share price may have reached its breaking point.

July 24, 2023 | finance.yahoo.com

Zurn Elkay Water Solutions (NYSE:ZWS) Has Affirmed Its Dividend Of $0.07

July 18, 2023 | finance.yahoo.com

BMO Provides Innovative New Sustainability-Linked Deposit Product to Zurn Elkay Water Solutions

July 13, 2023 | markets.businessinsider.com

Keybanc Maintains Overweight Rating for Zurn Elkay Water: Here's What You Need To Know

July 11, 2023 | finance.yahoo.com

Zurn Elkay Water Solutions Schedules Second Quarter 2023 Earnings Release and Investor Conference Call

July 2, 2023 | msn.com

Zurn Elkay Water Solutions: Product Innovation Presenting Outperformance Among Peers

June 29, 2023 | msn.com

5 Analysts Have This to Say About Zurn Elkay Water

June 12, 2023 | realmoney.thestreet.com

Let's Tap Into Water as an Investment

June 9, 2023 | markets.businessinsider.com

Oppenheimer Maintains Outperform Rating for Zurn Elkay Water: Here's What You Need To Know

May 27, 2023 | seekingalpha.com

ZWS Zurn Elkay Water Solutions Corporation

May 24, 2023 | finance.yahoo.com

Zurn Elkay Water Solutions to Participate in KeyBanc Capital Markets' Industrials & Basic Materials Conference

May 13, 2023 | finance.yahoo.com

Should Income Investors Look At Zurn Elkay Water Solutions Corporation (NYSE:ZWS) Before Its Ex-Dividend?

May 12, 2023 | finance.yahoo.com

Here’s Why ClearBridge Investments SMID Cap Growth Strategy Exited Zurn Elkay Water Solutions Corporation (ZWS)

May 7, 2023 | finance.yahoo.com

What Does Zurn Elkay Water Solutions Corporation's (NYSE:ZWS) Share Price Indicate?

May 6, 2023 | msn.com

Zurn Water Solutions (ZWS) Declares $0.07 Dividend

April 26, 2023 | markets.businessinsider.com

Robert W. Baird Keeps Their Hold Rating on Zurn Water Solutions (ZWS)

April 26, 2023 | msn.com

Zurn Elkay Water's Return On Capital Employed Insights

April 26, 2023 | seekingalpha.com

Zurn Elkay Water Solutions Corporation 2023 Q1 - Results - Earnings Call Presentation

April 25, 2023 | markets.businessinsider.com

Oppenheimer Remains a Buy on Zurn Water Solutions (ZWS)

See More Headlines

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ZWS Company Calendar

Last Earnings: 7/24/2023
Ex-Dividend for 9/7 Dividend: 8/17/2023
Dividend Payable: 9/07/2023
Today: 9/22/2023
Next Earnings (Estimated): 10/24/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: General industrial machinery & equipment
Sub-Industry: N/A
Sector: Industrial Products
Current Symbol: NYSE:ZWS
CUSIP: N/A
CIK: 1439288
Web: www.rexnord.com
Phone: (855) 480-5050
Fax: 414-643-3078
Employees: 2,700
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $30.00
High Stock Price Forecast: $34.00
Low Stock Price Forecast: $25.00
Forecasted Upside/Downside: +9.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.86
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.30
Trailing P/E Ratio: 91.57
Forward P/E Ratio: 29.22
P/E Growth: 2
Net Income: $61.70 million
Net Margins: 3.42%
Pretax Margin: 4.86%
Return on Equity: 9.24%
Return on Assets: 5.21%

Debt

Debt-to-Equity Ratio: 0.35
Current Ratio: 2.98
Quick Ratio: 1.62

Sales & Book Value

Annual Sales: $1.28 billion
Price / Sales: 3.71
Cash Flow: $1.09 per share
Price / Cash Flow: 25.17
Book Value: $9.08 per share
Price / Book: 3.03

Miscellaneous

Outstanding Shares: 172,950,000
Free Float: 166,376,000
Market Cap: $4.75 billion
Optionable: Optionable
Beta: 1.30

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Key Executives

Mr. Todd A. Adams (Age 52)
Pres, CEO & Chairman
Comp: $1.42M

Mr. Mark W. Peterson (Age 51)
Sr. VP & CFO
Comp: $739.48k

Mr. Craig G. Wehr (Age 58)
Chief Operating Officer
Comp: $713.28k

Mr. Michael D. Troutman (Age 56)
Chief Information Officer
Comp: $493.11k

David Pauli
VP of Investor Relations

Mr. Jeffrey J. LaValle (Age 44)
VP, Gen. Counsel & Sec.

Angela Hersil
Director of Corp. Communications

Kate M. Silha
Chief HR Officer

Jeffrey A. Schoon
Exec. VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ZWS Stock - Frequently Asked Questions

Should I buy or sell Zurn Elkay Water Solutions stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Zurn Elkay Water Solutions in the last year. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ZWS shares.
View ZWS analyst ratings or view top-rated stocks.
What is Zurn Elkay Water Solutions' stock price forecast for 2023?: 7 Wall Street research analysts have issued 1-year target prices for Zurn Elkay Water Solutions' shares. Their ZWS share price forecasts range from $25.00 to $34.00. On average, they predict the company's share price to reach $30.00 in the next twelve months. This suggests a possible upside of 9.2% from the stock's current price.
View analysts price targets for ZWS or view top-rated stocks among Wall Street analysts.
How have ZWS shares performed in 2023?: Zurn Elkay Water Solutions' stock was trading at $21.15 at the beginning of the year. Since then, ZWS shares have increased by 29.9% and is now trading at $27.47.
View the best growth stocks for 2023 here.
When is Zurn Elkay Water Solutions' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our ZWS earnings forecast.
How were Zurn Elkay Water Solutions' earnings last quarter?: Zurn Elkay Water Solutions Co. (NYSE:ZWS) released its quarterly earnings data on Monday, July, 24th. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.02. The company had revenue of $403.20 million for the quarter, compared to analysts' expectations of $392.36 million. Zurn Elkay Water Solutions had a trailing twelve-month return on equity of 9.24% and a net margin of 3.42%.
How often does Zurn Elkay Water Solutions pay dividends? What is the dividend yield for Zurn Elkay Water Solutions?: Zurn Elkay Water Solutions declared a quarterly dividend on Thursday, July 20th. Stockholders of record on Friday, August 18th will be given a dividend of $0.07 per share on Thursday, September 7th. This represents a $0.28 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Thursday, August 17th.
Read our dividend analysis for ZWS.
What ETFs hold Zurn Elkay Water Solutions' stock?: 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).
Is Zurn Elkay Water Solutions a good dividend stock?: Zurn Elkay Water Solutions (NYSE:ZWS) pays an annual dividend of $0.28 per share and currently has a dividend yield of 1.00%. 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.

What guidance has Zurn Elkay Water Solutions issued on next quarter's earnings?: Zurn Elkay Water Solutions issued an update on its third quarter 2023 earnings guidance on Tuesday, July, 25th. The company provided EPS 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.
What is Zurn Elkay Water Solutions' stock symbol?: Zurn Elkay Water Solutions trades on the New York Stock Exchange (NYSE) under the ticker symbol "ZWS."
Who are Zurn Elkay Water Solutions' major shareholders?: Zurn Elkay Water Solutions' stock is owned by many different 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.
View institutional ownership trends.
How do I buy shares of Zurn Elkay Water Solutions?: 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.
Compare Top Brokerages Here.
What is Zurn Elkay Water Solutions' stock price today?: One share of ZWS stock can currently be purchased for approximately $27.47.
How much money does Zurn Elkay Water Solutions make?: Zurn Elkay Water Solutions (NYSE:ZWS) has a market capitalization of $4.75 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.
How many employees does Zurn Elkay Water Solutions have?: The company employs 2,700 workers across the globe.
How can I contact Zurn Elkay Water Solutions?: 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.

This page (NYSE:ZWS) was last updated on 9/22/2023 by MarketBeat.com Staff

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