Zurn Elkay Water Solutions Cor (ZWS) To Go Ex-Dividend on February 20th

Zurn Elkay Water Solutions Cor (NYSE:ZWS) declared a quarterly dividend on Thursday, January 29th. Shareholders of record on Friday, February 20th will be paid a dividend of 0.11 per share on Friday, March 6th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, February 20th.

Zurn Elkay Water Solutions Cor has a payout ratio of 29.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Zurn Elkay Water Solutions Cor to earn $1.52 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 28.9%.

Zurn Elkay Water Solutions Cor Stock Performance

ZWS opened at $46.14 on Friday. The company has a quick ratio of 1.83, a current ratio of 2.78 and a debt-to-equity ratio of 0.31. Zurn Elkay Water Solutions Cor has a 12-month low of $27.74 and a 12-month high of $50.03. The business has a 50 day moving average of $47.06 and a 200-day moving average of $45.81. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 41.20, a PEG ratio of 1.92 and a beta of 1.08.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last posted its earnings results on Tuesday, October 28th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. Zurn Elkay Water Solutions Cor had a return on equity of 16.26% and a net margin of 11.59%.The business had revenue of $455.40 million for the quarter, compared to analyst estimates of $442.62 million. During the same period in the previous year, the firm earned $0.34 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. On average, equities research analysts expect that Zurn Elkay Water Solutions Cor will post 1.36 earnings per share for the current year.

About Zurn Elkay Water Solutions Cor

Zurn Elkay Water Solutions Corp, trading on the NYSE under the ticker ZWS, is a global provider of water delivery and plumbing products. The company was established in October 2022 through a spin-off from Rexnord Corp, creating a standalone business focused on designing, manufacturing and marketing water system components for residential, commercial and industrial customers.

Through its Zurn segment, the company offers solutions for water delivery, drainage and waste evacuation. Product lines include valves, hydrants, backflow prevention devices, piping systems, fittings and commercial waste stations.