Could Zurn Elkay Water Solutions Corporation's (NYSE:ZWS) Weak Financials Mean That The Market Could Correct Its Share Price? [Yahoo! Finance]
Zurn Elkay Water Solutions Corporation (ZWS)
Company Research
Source: Yahoo! Finance
However, in this article, we decided to focus on its weak financials, as long-term fundamentals ultimately dictate market outcomes. Specifically, we decided to study Zurn Elkay Water Solutions' ROE in this article. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In short, ROE shows the profit each dollar generates with respect to its shareholder investments. Check out our latest analysis for Zurn Elkay Water Solutions How Do You Calculate Return On Equity? The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Zurn Elkay Water Solutions is: 6.5% = US$104m ÷ US$1.6b (Based on the trailing twelve months to December 2023). The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every $1 worth of equity, the company was able to
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ZWS
News
- Zurn Elkay Water Solutions First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Zurn Elkay Water Solutions Co. (NYSE: ZWS) had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $37.00 to $36.00. They now have a "buy" rating on the stock.MarketBeat
- Gecina: All of the Resolutions Approved by the Combined General Meeting [Yahoo! Finance]Yahoo! Finance
- Zurn Elkay Water Solutions Corporation (NYSE:ZWS) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Zurn Elkay Water Solutions Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
ZWS
Earnings
- 4/23/24 - Beat
ZWS
Sec Filings
- 4/26/24 - Form 144
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- ZWS's page on the SEC website