Wall Street analysts expect that Xylem Inc (NYSE:XYL) will report earnings of $0.82 per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Xylem’s earnings, with the highest EPS estimate coming in at $0.84 and the lowest estimate coming in at $0.80. Xylem posted earnings of $0.77 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.5%. The firm is expected to announce its next earnings report before the market opens on Thursday, October 31st.
On average, analysts expect that Xylem will report full-year earnings of $3.16 per share for the current year, with EPS estimates ranging from $3.12 to $3.20. For the next financial year, analysts forecast that the firm will post earnings of $3.63 per share, with EPS estimates ranging from $3.47 to $3.75. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Xylem.
Xylem (NYSE:XYL) last announced its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.79 EPS for the quarter, meeting analysts’ consensus estimates of $0.79. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Xylem had a net margin of 10.90% and a return on equity of 19.23%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.73 earnings per share.
A number of brokerages have commented on XYL. ValuEngine cut shares of Xylem from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of Xylem from a “sell” rating to a “hold” rating and set a $83.00 price target for the company in a research note on Saturday, September 14th. Jefferies Financial Group began coverage on shares of Xylem in a research note on Friday, September 20th. They issued a “buy” rating and a $90.00 price target for the company. Finally, Credit Suisse Group cut shares of Xylem from an “outperform” rating to a “neutral” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. Xylem has an average rating of “Buy” and an average price target of $80.00.
In other news, SVP Colin R. Sabol sold 4,099 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $78.37, for a total value of $321,238.63. Following the transaction, the senior vice president now directly owns 33,518 shares of the company’s stock, valued at $2,626,805.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kenneth Napolitano sold 5,000 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $75.23, for a total transaction of $376,150.00. Following the completion of the transaction, the insider now directly owns 46,228 shares in the company, valued at $3,477,732.44. The disclosure for this sale can be found here. Insiders sold 19,099 shares of company stock worth $1,464,339 over the last three months. Insiders own 0.85% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of XYL. CWM LLC increased its holdings in Xylem by 19.7% in the 2nd quarter. CWM LLC now owns 807 shares of the industrial products company’s stock valued at $67,000 after buying an additional 133 shares during the period. Huntington National Bank increased its holdings in Xylem by 2.2% in the 2nd quarter. Huntington National Bank now owns 6,921 shares of the industrial products company’s stock valued at $579,000 after buying an additional 147 shares during the period. Compagnie Lombard Odier SCmA increased its holdings in Xylem by 3.1% in the 2nd quarter. Compagnie Lombard Odier SCmA now owns 5,360 shares of the industrial products company’s stock valued at $448,000 after buying an additional 160 shares during the period. King Luther Capital Management Corp increased its holdings in Xylem by 5.1% in the 2nd quarter. King Luther Capital Management Corp now owns 3,451 shares of the industrial products company’s stock valued at $289,000 after buying an additional 166 shares during the period. Finally, Hotaling Investment Management LLC increased its holdings in Xylem by 1.1% in the 2nd quarter. Hotaling Investment Management LLC now owns 16,647 shares of the industrial products company’s stock valued at $1,392,000 after buying an additional 175 shares during the period. 84.49% of the stock is currently owned by institutional investors.
XYL stock traded up $2.20 during trading hours on Thursday, reaching $77.63. The stock had a trading volume of 657,702 shares, compared to its average volume of 762,093. The stock has a market capitalization of $13.58 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 1.45 and a beta of 1.19. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.47 and a quick ratio of 1.08. The stock has a 50-day simple moving average of $76.92 and a 200 day simple moving average of $78.95. Xylem has a fifty-two week low of $60.65 and a fifty-two week high of $85.39.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Wednesday, August 28th. Xylem’s payout ratio is presently 33.33%.
Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.
See Also: Why is the price-sales ratio important?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Xylem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem and related companies with MarketBeat.com's FREE daily email newsletter.