ZWS (Zurn Elkay Water Solutions Corporation) stock is in for a key growth catalyst

As of close of business last night, Zurn Elkay Water Solutions Corporation’s stock clocked out at $20.97, down -0.05% from its previous closing price of $20.98. In other words, the price has decreased by -$0.01 from its previous closing price. On the day, 1513633 shares were traded. ZWS stock price reached its highest trading level at $21.14 during the session, while it also had its lowest trading level at $20.58.

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To gain a deeper understanding of ZWS’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 30.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 67.90. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 2.60. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.33.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Robert W. Baird on December 20, 2022, Downgraded its rating to Neutral and sets its target price to $26 from $27 previously.

On June 30, 2022, Stifel started tracking the stock assigning a Buy rating and target price of $34.

Robert W. Baird Upgraded its Neutral to Outperform on February 15, 2022, whereas the target price for the stock was revised from $38 to $43.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 16 when Wehr Craig sold 1,442 shares for $23.17 per share. The transaction valued at 33,411 led to the insider holds 82,640 shares of the business.

Jackson Rodney sold 970 shares of ZWS for $22,475 on Feb 16. The SVP-Bus.&Corp. Development now owns 119,778 shares after completing the transaction at $23.17 per share. On Feb 16, another insider, Troutman Michael, who serves as the Chief Information Officer of the company, sold 808 shares for $23.17 each. As a result, the insider received 18,721 and left with 32,271 shares of the company.

Valuation Measures:

As of this moment, Zurn’s Price-to-Earnings (P/E) ratio for their current fiscal year is 45.59, and their Forward P/E ratio for the next fiscal year is 19.84. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.01 while its Price-to-Book (P/B) ratio in mrq is 2.31.

Stock Price History:

Over the past 52 weeks, ZWS has reached a high of $36.82, while it has fallen to a 52-week low of $20.10. The 50-Day Moving Average of the stock is 22.34, while the 200-Day Moving Average is calculated to be 25.40.

Shares Statistics:

It appears that ZWS traded 1.43M shares on average per day over the past three months and 1.21M shares per day over the past ten days. A total of 178.23M shares are outstanding, with a floating share count of 173.46M. Insiders hold about 0.80% of the company’s shares, while institutions hold 78.70% stake in the company. Shares short for ZWS as of Jan 12, 2023 were 4.03M with a Short Ratio of 4.65M, compared to 4.08M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.27% and a Short% of Float of 2.30%.

Dividends & Splits

With its trailing 12-month dividend rate of 0.35, ZWS has a forward annual dividend rate of 0.28. Against a Trailing Annual Dividend Yield of 1.67%, it implies a Forward Annual Dividend Yield of 1.16%.

Earnings Estimates

As of right now, 6 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.16 for the current quarter, with a high estimate of $0.18 and a low estimate of $0.14, while EPS last year was $0.24. The consensus estimate for the next quarter is $0.25, with high estimates of $0.27 and low estimates of $0.23.

Analysts are recommending an EPS of between $0.99 and $0.83 for the fiscal current year, implying an average EPS of $0.91. EPS for the following year is $1.07, with 6 analysts recommending between $1.15 and $1.01.

Revenue Estimates

In the current quarter, 6 analysts expect revenue to total $347.05M. It ranges from a high estimate of $348.71M to a low estimate of $344.1M. As of the current estimate, Zurn Elkay Water Solutions Corporation’s year-ago sales were $239.6M, an estimated increase of 44.80% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $410.73M, an increase of 44.50% less than the figure of $44.80% in the same quarter last year. There is a high estimate of $419.5M for the next quarter, whereas the lowest estimate is $400.4M.

A total of 6 analysts have provided revenue estimates for ZWS’s current fiscal year. The highest revenue estimate was $1.53B, while the lowest revenue estimate was $1.48B, resulting in an average revenue estimate of $1.52B. In the same quarter a year ago, actual revenue was $1.28B, up 18.30% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $1.58B in the next fiscal year. The high estimate is $1.62B and the low estimate is $1.54B. The average revenue growth estimate for next year is up 3.90% from the average revenue estimate for this year.