Zurn Elkay Water Solutions - ZWS Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Zurn Elkay Water Solutions in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ZWS shares.
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6 brokerages have issued 12-month price objectives for Zurn Elkay Water Solutions' shares. Their ZWS share price forecasts range from $25.00 to $29.00. On average, they expect the company's stock price to reach $27.00 in the next twelve months. This suggests a possible upside of 32.6% from the stock's current price.
View analysts price targets for ZWS or view top-rated stocks among Wall Street analysts.

Zurn Elkay Water Solutions' stock was trading at $21.15 at the beginning of 2023. Since then, ZWS shares have decreased by 3.7% and is now trading at $20.36.
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Zurn Elkay Water Solutions saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 4,650,000 shares, an increase of 18.0% from the February 13th total of 3,940,000 shares. Based on an average daily trading volume, of 1,370,000 shares, the days-to-cover ratio is currently 3.4 days. Approximately 3.2% of the shares of the company are short sold.
View Zurn Elkay Water Solutions' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our ZWS earnings forecast.

Zurn Elkay Water Solutions Co. (NYSE:ZWS) announced its earnings results on Tuesday, February, 7th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The business earned $340 million during the quarter, compared to analyst estimates of $344.77 million. Zurn Elkay Water Solutions had a net margin of 4.81% and a trailing twelve-month return on equity of 15.78%. The firm's revenue for the quarter was up 46.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.22 EPS.

Zurn Elkay Water Solutions announced a quarterly dividend on Wednesday, February 1st. Investors of record on Tuesday, February 21st will be paid a dividend of $0.07 per share on Tuesday, March 7th. This represents a $0.28 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Friday, February 17th.
Read our dividend analysis for ZWS.

ETFs with the largest weight of Zurn Elkay Water Solutions (NYSE:ZWS) stock in their portfolio include Invesco Water Resources ETF (PHO), First Trust Water ETF (FIW), Global X Clean Water ETF (AQWA), Ecofin Global Water ESG Fund (EBLU), Global X U.S. Infrastructure Development ETF (PAVE), Invesco Zacks Mid-Cap ETF (CZA), First Trust BuyWrite Income ETF (FTHI) and First Trust Mid Cap US Equity Select ETF (RNMC).

Zurn Elkay Water Solutions (NYSE:ZWS) pays an annual dividend of $0.28 per share and currently has a dividend yield of 1.41%. The dividend payout ratio is 57.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ZWS will have a dividend payout ratio of 26.42% 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 first quarter 2023 earnings guidance on Tuesday, February, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $340.00 million-$355.00 million, compared to the consensus revenue estimate of $357.06 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 institutional and retail investors. Top institutional investors include Moneta Group Investment Advisors LLC (12.25%), Impax Asset Management Group plc (6.34%), Bank of America Corp DE (4.21%), Macquarie Group Ltd. (3.10%), Brown Advisory Inc. (1.77%) and Dimensional Fund Advisors LP (1.55%). 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 $20.36.

Zurn Elkay Water Solutions (NYSE:ZWS) has a market capitalization of $3.58 billion and generates $1.28 billion in revenue each year. The company earns $61.70 million in net income (profit) each year or $0.49 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.