Xylem Inc. (NYSE:XYL) will be releasing its earnings data before the market opens on Tuesday, October 31st. Analysts expect Xylem to post earnings of $0.63 per share for the quarter. Xylem has set its FY17 guidance at $2.30-2.40 EPS.
Xylem (NYSE:XYL) last issued its earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. Xylem had a return on equity of 17.26% and a net margin of 6.58%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the business earned $0.48 EPS. The company’s revenue for the quarter was up 24.9% on a year-over-year basis. On average, analysts expect Xylem to post $2.38 EPS for the current fiscal year and $2.73 EPS for the next fiscal year.
Shares of Xylem Inc. (NYSE:XYL) opened at 64.86 on Friday. Xylem Inc. has a one year low of $45.60 and a one year high of $66.28. The stock has a market cap of $11.65 billion, a PE ratio of 41.87 and a beta of 1.17. The stock’s 50 day moving average price is $63.94 and its 200-day moving average price is $57.37.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Thursday, November 2nd will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Wednesday, November 1st. Xylem’s dividend payout ratio (DPR) is presently 46.45%.
A number of equities research analysts have recently weighed in on the company. Cowen and Company reaffirmed an “outperform” rating and set a $70.00 price target (up from $60.00) on shares of Xylem in a research note on Wednesday, August 9th. Boenning Scattergood reaffirmed an “outperform” rating on shares of Xylem in a research note on Tuesday, September 5th. Oppenheimer Holdings, Inc. raised their price target on Xylem from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada raised their price objective on Xylem from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Finally, Robert W. Baird reissued a “hold” rating and issued a $67.00 price objective on shares of Xylem in a research note on Wednesday, October 4th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $61.92.
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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 sale, the insider now owns 35,303 shares of the company’s stock, valued at approximately $2,123,828.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is currently owned by company insiders.
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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