The stock of Zurn Elkay Water Solutions Corporation (NYSE:ZWS) decreased by -$0.05 on Friday to finish at $28.79, down -0.17 percent. The last five days have seen an average of 1,005,620 shares of common stock traded. 22 times new highs were reached in the current year, with a gain of $7.64. The average number of shares traded over the last 20 days was 854,920, while the average volume over the last 50 days totaled 1,205,860.
ZWS stock dropped -3.36% since last month. On 08/22/23, the company’s shares reached a one-month low of $28.28. The stock touched a high of $30.87 on 07/26/23, after rallying from a low of $19.29 in 52 weeks. The price of ZWS stock has risen by 36.12% or $7.64 this year, reaching a new high 22 times. Still, the stock price is down -6.74% from the 52-week high.
Insider Transactions
ZWS stock investors should be aware that Zurn Elkay Water Solutions Corporation (ZWS) stock had its last reported insider trading activity 193 days ago on Feb 16. On Feb 16, Group Ex., President-Zurn Wehr Craig sold 1,442 shares at $23.17 each. This transaction resulted in the insider making $33,411. On Feb 16, Jackson Rodney sold 970 shares at a price of US$23.17. After the transaction, the insider now owns 119,778 shares. Chief Information Officer Troutman Michael had earlier sold 808 shares on Feb 16 for $23.17 a share. The transaction was completed for $18,721.
Valuation Metrics
Zurn Elkay Water Solutions Corporation (ZWS) has a trailing price-to-earnings (P/E) ratio of 110.31. Beta for the stock is 1.31. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.25, the price-to-book (PB) ratio of 3.16, and the price-to-cash flow ratio of 27.03.
Company paid $0.07 per share in dividends, remained unchanged from $0.07 last year. A $0.04 dividend increase was reported on Friday July 22 2022.
Financial Health
For the three months ended June 29, Zurn Elkay Water Solutions Corporation’s quick ratio was 1.60, while its current ratio was 3.00, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.35, and the total debt to equity ratio is 0.35. As far as profitability goes, gross margin for the trailing twelve months is 37.30% percent. Zurn Elkay Water Solutions Corporation’s EBITDA margin for the year ended June 29 was 13.81%, whereas its operating margin stood at 7.10% for the same period. Based on annual data, it had gross profit of $465.5 million and revenue of $1.28 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ZWS’s return on assets (ROA) during the last 12 months has been 1.80%. There was a 3.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 3.30%.
Earnings Surprise
According to Zurn Elkay Water Solutions Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $403.2 million, while revenues rose by 29.51% to $372.1 million. It was predicted that Zurn Elkay Water Solutions Corporation’s quarterly earnings would be $0.24, but it ended up being $0.22, beating the consensus by 9.10%. EBITDA was $76.6 million for the quarter. At the end of Zurn Elkay Water Solutions Corporation’s most recent quarter ended June 29, its liabilities totaled 1.21 billion, while its total debt was $605.8 million. Equity owned by shareholders amounts to $172.95 million.
Technical Picture
Here’s a quick look at Zurn Elkay Water Solutions Corporation’s (ZWS) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 43.08%, suggesting the stock is Neutral, with a 9.74% historical volatility rate.
The stochastic %K and %D were 27.16% and 23.77% respectively, while the average true range (ATR) was 0.57. Based on the 14-day stochastic reading of 29.79%, the RSI (14) reading is 49.84%. On the 9-day MACD Oscillator, the stock is at -0.01, and the 14-day reading is at -0.27.
Analyst Ratings
In its analyst report released on June 29, 2023, Deutsche Bank began covering Zurn Elkay Water Solutions Corporation (NYSE: ZWS). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Zurn Elkay Water Solutions Corporation (ZWS) an Buy rating. ZWS is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 6 others recommend it as a buy.
What is ZWS’s price target for the next 12 months?
The current consensus forecast for the stock is between $30.00 and $34.00, with a median target price of $32.00. In analyzing these forecasts, the average price target given by analysts for Zurn Elkay Water Solutions Corporation (ZWS) is $32.00.
