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Conference/Events
Zurn Water Solutions management to meet virtually with Oppenheimer » 04:55
11/30/21
11/30
04:55
11/30/21
04:55
ZWS

Zurn Water Solutions

$36.09 /

+0.025 (+0.07%)

Virtual Meeting to be…

Virtual Meeting to be held on November 30 hosted by Oppenheimer.

ShowHide Related Items >><<
ZWS Zurn Water Solutions
$36.09 /

+0.025 (+0.07%)

ZWS Zurn Water Solutions
$36.09 /

+0.025 (+0.07%)

10/15/21
Fly Intel: Top five analyst downgrades
10/15/21 Baird
Zurn Water Solutions downgraded to Neutral from Outperform at Baird
10/07/21 Oppenheimer
Oppenheimer bullish on Zurn Water Solutions following spinoff
10/07/21 Oppenheimer
Zurn Water Solutions initiated with an Outperform at Oppenheimer
ZWS Zurn Water Solutions
$36.09 /

+0.025 (+0.07%)

ZWS Zurn Water Solutions
$36.09 /

+0.025 (+0.07%)

Over a week ago
Conference/Events
Zurn Water Solutions management to meet virtually with Oppenheimer » 11:20
11/23/21
11/23
11:20
11/23/21
11:20
ZWS

Zurn Water Solutions

$36.95 /

-0.36 (-0.96%)

Virtual Meeting to be…

Virtual Meeting to be held on November 30 hosted by Oppenheimer.

ShowHide Related Items >><<
ZWS Zurn Water Solutions
$36.95 /

-0.36 (-0.96%)

ZWS Zurn Water Solutions
$36.95 /

-0.36 (-0.96%)

10/15/21
Fly Intel: Top five analyst downgrades
10/15/21 Baird
Zurn Water Solutions downgraded to Neutral from Outperform at Baird
10/07/21 Oppenheimer
Oppenheimer bullish on Zurn Water Solutions following spinoff
10/07/21 Oppenheimer
Zurn Water Solutions initiated with an Outperform at Oppenheimer
ZWS Zurn Water Solutions
$36.95 /

-0.36 (-0.96%)

ZWS Zurn Water Solutions
$36.95 /

-0.36 (-0.96%)

Conference/Events
Zurn Water Solutions management to meet virtually with KeyBanc » 04:55
11/17/21
11/17
04:55
11/17/21
04:55
ZWS

Zurn Water Solutions

$37.78 /

+0.51 (+1.37%)

Virtual Meeting with…

Virtual Meeting with Chairman & CEO Adams and CFO Peterson to be held on November 17 hosted by KeyBanc.

ShowHide Related Items >><<
ZWS Zurn Water Solutions
$37.78 /

+0.51 (+1.37%)

ZWS Zurn Water Solutions
$37.78 /

+0.51 (+1.37%)

10/15/21
Fly Intel: Top five analyst downgrades
10/15/21 Baird
Zurn Water Solutions downgraded to Neutral from Outperform at Baird
10/07/21 Oppenheimer
Oppenheimer bullish on Zurn Water Solutions following spinoff
10/07/21 Oppenheimer
Zurn Water Solutions initiated with an Outperform at Oppenheimer
ZWS Zurn Water Solutions
$37.78 /

+0.51 (+1.37%)

ZWS Zurn Water Solutions
$37.78 /

+0.51 (+1.37%)

Conference/Events
Zurn Water Solutions management to meet virtually with KeyBanc » 15:46
11/10/21
11/10
15:46
11/10/21
15:46
ZWS

Zurn Water Solutions

$35.92 /

-0.055 (-0.15%)

Virtual Meeting with…

Virtual Meeting with Chairman & CEO Adams and CFO Peterson to be held on November 17 hosted by KeyBanc.

ShowHide Related Items >><<
ZWS Zurn Water Solutions
$35.92 /

-0.055 (-0.15%)

ZWS Zurn Water Solutions
$35.92 /

-0.055 (-0.15%)

10/15/21
Fly Intel: Top five analyst downgrades
10/15/21 Baird
Zurn Water Solutions downgraded to Neutral from Outperform at Baird
10/07/21 Oppenheimer
Oppenheimer bullish on Zurn Water Solutions following spinoff
10/07/21 Oppenheimer
Zurn Water Solutions initiated with an Outperform at Oppenheimer
ZWS Zurn Water Solutions
$35.92 /

-0.055 (-0.15%)

ZWS Zurn Water Solutions
$35.92 /

-0.055 (-0.15%)

Over a month ago
Earnings
Zurn Water Solutions sees Q4 revenue up high teens percentage » 16:14
10/26/21
10/26
16:14
10/26/21
16:14
ZWS

Zurn Water Solutions

$35.99 /

-0.385 (-1.06%)

Consensus $297.35M. Adams…

Consensus $297.35M. Adams continued, " For the fourth quarter, and taking into consideration the seasonal nature of our business, we expect Zurn's fourth quarter total sales to increase year over year by a high teens percentage and Adjusted EBITDA margin to range between 24% and 24.5% and for our corporate expenses to approximate $10 million. We remain on track to reduce corporate expenses to approximately $20 million dollars on an annualized basis during the first quarter of 2022."

ShowHide Related Items >><<
ZWS Zurn Water Solutions
$35.99 /

-0.385 (-1.06%)

ZWS Zurn Water Solutions
$35.99 /

-0.385 (-1.06%)

10/15/21
Fly Intel: Top five analyst downgrades
10/15/21 Baird
Zurn Water Solutions downgraded to Neutral from Outperform at Baird
10/07/21 Oppenheimer
Oppenheimer bullish on Zurn Water Solutions following spinoff
10/07/21 Oppenheimer
Zurn Water Solutions initiated with an Outperform at Oppenheimer
ZWS Zurn Water Solutions
$35.99 /

-0.385 (-1.06%)

ZWS Zurn Water Solutions
$35.99 /

-0.385 (-1.06%)

Earnings
Zurn Water Solutions reports Q3 adjusted EPS 55c vs 47c last year » 16:13
10/26/21
10/26
16:13
10/26/21
16:13
ZWS

Zurn Water Solutions

$35.98 /

-0.395 (-1.09%)

Reports Q3 revenue $557M,…

Reports Q3 revenue $557M, two estimates $404M. Todd A. Adams, Chairman and Chief Executive Officer, commented, "The timely and successful completion of the Transaction represents a significant milestone for our Company as we transition to operating Zurn Water Solutions; a stand-alone, pure-play water business that we believe is well positioned to continue to create significant shareholder value driven by our distinct competitive advantages. We provide our customers with the broadest sustainable product portfolio of solutions to improve health, human safety and the environment. We are excited for the next chapter and expect to build upon our track record of superior performance by leveraging the Zurn Business system to continue to drive above market growth, best in class margins and superior cash flow."

ShowHide Related Items >><<
ZWS Zurn Water Solutions
$35.98 /

-0.395 (-1.09%)

ZWS Zurn Water Solutions
$35.98 /

-0.395 (-1.09%)

10/15/21
Fly Intel: Top five analyst downgrades
10/15/21 Baird
Zurn Water Solutions downgraded to Neutral from Outperform at Baird
10/07/21 Oppenheimer
Oppenheimer bullish on Zurn Water Solutions following spinoff
10/07/21 Oppenheimer
Zurn Water Solutions initiated with an Outperform at Oppenheimer
ZWS Zurn Water Solutions
$35.98 /

-0.395 (-1.09%)

Options
Zurn Water Solutions Corp options imply 6.3% move in share price post-earnings » 15:43
10/26/21
10/26
15:43
10/26/21
15:43
ZWS

Zurn Water Solutions

$36.09 /

-0.285 (-0.78%)

Pre-earnings options…

Pre-earnings options volume in Zurn Water Solutions Corp is 3.9x normal with puts leading calls 8:3. Implied volatility suggests the market is anticipating a move near 6.3%, or $2.26, after results are released.

ShowHide Related Items >><<
ZWS Zurn Water Solutions
$36.09 /

-0.285 (-0.78%)

ZWS Zurn Water Solutions
$36.09 /

-0.285 (-0.78%)

10/15/21
Fly Intel: Top five analyst downgrades
10/15/21 Baird
Zurn Water Solutions downgraded to Neutral from Outperform at Baird
10/07/21 Oppenheimer
Oppenheimer bullish on Zurn Water Solutions following spinoff
10/07/21 Oppenheimer
Zurn Water Solutions initiated with an Outperform at Oppenheimer
ZWS Zurn Water Solutions
$36.09 /

-0.285 (-0.78%)

Hot Stocks
Zurn Water Solutions initiates quarterly dividend of 3c per share » 14:13
10/21/21
10/21
14:13
10/21/21
14:13
ZWS

Zurn Water Solutions

$35.85 /

+0.155 (+0.43%)

Zurn Water Solutions…

Zurn Water Solutions announced that its board initiated a quarterly common stock dividend of 3c per share payable in cash on December 7, to stockholders of record as of November 19. "As we launch Zurn Water Solutions our Board of Directors has decided to initiate a dividend to reflect our unwavering commitment to delivering shareholder value," said Todd Adams, CEO. "Our robust cash flow, strong financial characteristics and low leverage supports our ability to consistently pay a dividend while continuing to invest in our core business to drive organic growth as well as to execute strategic acquisitions."

ShowHide Related Items >><<
ZWS Zurn Water Solutions
$35.85 /

+0.155 (+0.43%)

ZWS Zurn Water Solutions
$35.85 /

+0.155 (+0.43%)

10/15/21
Fly Intel: Top five analyst downgrades
10/15/21 Baird
Zurn Water Solutions downgraded to Neutral from Outperform at Baird
10/07/21 Oppenheimer
Oppenheimer bullish on Zurn Water Solutions following spinoff
10/07/21 Oppenheimer
Zurn Water Solutions initiated with an Outperform at Oppenheimer
ZWS Zurn Water Solutions
$35.85 /

+0.155 (+0.43%)

Downgrade
Fly Intel: Top five analyst downgrades » 09:54
10/15/21
10/15
09:54
10/15/21
09:54
MS

Morgan Stanley

$102.58 /

+1.48 (+1.46%)

, ZWS

Zurn Water Solutions

$36.31 /

-0.35 (-0.95%)

, PRFT

Perficient

$129.38 /

-0.305 (-0.24%)

, DCT

Duck Creek Technologies

$35.35 /

-10.89 (-23.55%)

, WDC

Western Digital

$55.86 /

-0.69 (-1.22%)

Catch up on today's…

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Morgan Stanley (MS) downgraded to Sector Perform from Outperform at RBC Capital with analyst Gerard Cassidy saying the company reported "impressive" results, but with the likelihood of higher interest rates over the coming 12-18 months, traditional commercial banks will likely outperform investment banks. 2. Zurn Water Solutions (ZWS) downgraded to Neutral from Outperform at Baird with analyst Mircea Dobre saying the re-rating opportunity for Zurn as a water pure play is "now largely closed." 3. Perficient (PRFT) downgraded to Neutral from Buy at Alliance Global Partners with analyst Brian Kinstlinger saying the recent stock rally fully reflects a bullish outlook. 4. Duck Creek Technologies (DCT) downgraded to Neutral from Overweight at JPMorgan with analyst Jackson Ader seeing "cracks" in his "cloud and growth thesis" following the print. 5. Western Digital (WDC) downgraded to Neutral from Buy at Goldman Sachs with analyst Toshiya Hari expecting cyclical pressures in the NAND business to more than offset the company's improving competitive position in nearline HDD and enterprise SSD. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

ShowHide Related Items >><<
ZWS Zurn Water Solutions
$36.31 /

-0.35 (-0.95%)

WDC Western Digital
$55.86 /

-0.69 (-1.22%)

PRFT Perficient
$129.38 /

-0.305 (-0.24%)

MS Morgan Stanley
$102.58 /

+1.48 (+1.46%)

DCT Duck Creek Technologies
$35.35 /

-10.89 (-23.55%)

MS Morgan Stanley
$102.58 /

+1.48 (+1.46%)

10/15/21 BMO Capital
Morgan Stanley price target raised to $109 from $107 at BMO Capital
10/15/21 Piper Sandler
Morgan Stanley price target raised to $110 from $103 at Piper Sandler
10/15/21 Barclays
Morgan Stanley price target raised to $110 from $98 at Barclays
10/15/21 RBC Capital
Morgan Stanley downgraded to Sector Perform from Outperform at RBC Capital
ZWS Zurn Water Solutions
$36.31 /

-0.35 (-0.95%)

10/15/21 Baird
Zurn Water Solutions downgraded to Neutral from Outperform at Baird
10/07/21 Oppenheimer
Oppenheimer bullish on Zurn Water Solutions following spinoff
10/07/21 Oppenheimer
Zurn Water Solutions initiated with an Outperform at Oppenheimer
PRFT Perficient
$129.38 /

-0.305 (-0.24%)

10/15/21 Alliance Global Partners
Perficient downgraded to Neutral from Buy at Alliance Global Partners
08/27/21 Needham
Perficient price target raised to $130 from $110 at Needham
08/17/21
Fly Intel: Top five analyst upgrades
08/17/21 JPMorgan
Perficient upgraded to Overweight on strong demand at JPMorgan
DCT Duck Creek Technologies
$35.35 /

-10.89 (-23.55%)

10/15/21 JPMorgan
JPMorgan downgrades Duck Creek on thesis 'cracks' post results
10/15/21 RBC Capital
Duck Creek Technologies price target lowered to $47 from $51 at RBC Capital
10/15/21 JPMorgan
Duck Creek Technologies downgraded to Neutral from Overweight at JPMorgan
10/11/21 DA Davidson
Duck Creek Technologies price target raised to $52 from $50 at DA Davidson
WDC Western Digital
$55.86 /

-0.69 (-1.22%)

10/14/21 Goldman Sachs
Western Digital downgraded to Neutral from Buy at Goldman Sachs
10/12/21 Lynx
Lynx still bearish on Micron, would not be stepping in on long side
09/16/21 Benchmark
Seagate, Western Digital weakness not supported by commentary, says Benchmark
09/08/21 Cleveland Research
Cleveland Research reducing FY22 estimates for Western Digital, Seagate
WDC Western Digital
$55.86 /

-0.69 (-1.22%)

PRFT Perficient
$129.38 /

-0.305 (-0.24%)

MS Morgan Stanley
$102.58 /

+1.48 (+1.46%)

DCT Duck Creek Technologies
$35.35 /

-10.89 (-23.55%)

  • 29
    Jan
  • 11
    Nov
WDC Western Digital
$55.86 /

-0.69 (-1.22%)

MS Morgan Stanley
$102.58 /

+1.48 (+1.46%)

WDC Western Digital
$55.86 /

-0.69 (-1.22%)

MS Morgan Stanley
$102.58 /

+1.48 (+1.46%)

DCT Duck Creek Technologies
$35.35 /

-10.89 (-23.55%)

ZWS Zurn Water Solutions
$36.31 /

-0.35 (-0.95%)

WDC Western Digital
$55.86 /

-0.69 (-1.22%)

MS Morgan Stanley
$102.58 /

+1.48 (+1.46%)

DCT Duck Creek Technologies
$35.35 /

-10.89 (-23.55%)

Downgrade
Zurn Water Solutions downgraded to Neutral from Outperform at Baird » 05:03
10/15/21
10/15
05:03
10/15/21
05:03
ZWS

Zurn Water Solutions

$36.66 /

+1.02 (+2.86%)

Baird analyst Mircea…

Baird analyst Mircea Dobre downgraded Zurn Water Solutions to Neutral from Outperform with a price target of $38, up from $32. The re-rating opportunity for Zurn as a water pure play is "now largely closed," Dobre tells investors in a research note. After a 92% year-to-date rally and the revaluation of the Zurn water business, the stock is s trading 20 times estimated 2022 enterprise value to EBITDA, says the analyst. He believes the company's longer-term opportunity remains attractive, but says the near-term earnings and core growth upside is limited "with the shares not leaving much room for downside."

ShowHide Related Items >><<
ZWS Zurn Water Solutions
$36.66 /

+1.02 (+2.86%)

ZWS Zurn Water Solutions
$36.66 /

+1.02 (+2.86%)

10/07/21 Oppenheimer
Oppenheimer bullish on Zurn Water Solutions following spinoff
10/07/21 Oppenheimer
Zurn Water Solutions initiated with an Outperform at Oppenheimer
ZWS Zurn Water Solutions
$36.66 /

+1.02 (+2.86%)

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