Xylem Inc. (XYL) Issues Earnings Results, Beats Estimates By $0.01 EPS
Xylem Inc. (NYSE:XYL) released its quarterly earnings data on Tuesday. The industrial products company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01, Bloomberg Earnings reports. Xylem had a return on equity of 17.26% and a net margin of 6.58%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The firm’s revenue was up 33.2% on a year-over-year basis. Xylem updated its FY17 guidance to $2.39-2.41 EPS.
Shares of Xylem (XYL) opened at 66.53 on Wednesday. The company has a market capitalization of $11.95 billion, a PE ratio of 42.95 and a beta of 1.17. Xylem has a 52-week low of $46.67 and a 52-week high of $67.64. The stock has a 50 day moving average price of $64.09 and a 200 day moving average price of $57.65.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Thursday, November 2nd will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.08%. Xylem’s payout ratio is currently 46.45%.
A number of equities analysts recently commented on XYL shares. Zacks Investment Research upgraded Xylem from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Tuesday, July 4th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $66.00 price objective (up previously from $60.00) on shares of Xylem in a report on Tuesday, August 1st. Cowen and Company restated a “buy” rating and issued a $70.00 price objective on shares of Xylem in a report on Thursday, September 21st. BidaskClub downgraded Xylem from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Canaccord Genuity restated a “hold” rating and issued a $50.00 price objective on shares of Xylem in a report on Friday, July 28th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $61.92.
In other news, insider Kenneth Napolitano sold 9,052 shares of Xylem stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total transaction of $544,568.32. Following the completion of the transaction, the insider now directly owns 35,303 shares in the company, valued at approximately $2,123,828.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.75% of the company’s stock.
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Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.
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