Wall Street analysts forecast that Xylem Inc (NYSE:XYL) will report $1.18 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Xylem’s earnings, with the highest sales estimate coming in at $1.22 billion and the lowest estimate coming in at $1.15 billion. Xylem posted sales of $1.07 billion during the same quarter last year, which would indicate a positive year over year growth rate of 10.3%. The business is scheduled to announce its next quarterly earnings results on Tuesday, May 1st.
On average, analysts expect that Xylem will report full year sales of $1.18 billion for the current fiscal year, with estimates ranging from $4.97 billion to $5.25 billion. For the next financial year, analysts expect that the business will post sales of $5.40 billion per share, with estimates ranging from $5.19 billion to $5.54 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Xylem.
Xylem (NYSE:XYL) last issued its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.76. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Xylem had a return on equity of 17.95% and a net margin of 7.03%. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 EPS.
A number of brokerages recently issued reports on XYL. Oppenheimer increased their price objective on Xylem to $82.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Seaport Global Securities restated a “buy” rating and issued a $83.00 target price on shares of Xylem in a research note on Friday, February 2nd. BMO Capital Markets restated a “buy” rating and issued a $86.00 target price on shares of Xylem in a research note on Friday, February 2nd. Canaccord Genuity restated a “hold” rating and issued a $75.00 target price on shares of Xylem in a research note on Sunday, January 28th. Finally, Zacks Investment Research lowered Xylem from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $70.08.
Shares of Xylem (NYSE:XYL) traded up $0.52 on Friday, reaching $75.23. The company had a trading volume of 956,262 shares, compared to its average volume of 1,160,000. The stock has a market cap of $13,510.00, a PE ratio of 41.11, a price-to-earnings-growth ratio of 1.44 and a beta of 1.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.88 and a quick ratio of 1.41. Xylem has a twelve month low of $46.95 and a twelve month high of $76.81.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th will be paid a $0.21 dividend. This is a positive change from Xylem’s previous quarterly dividend of $0.18. This represents a $0.84 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, February 14th. Xylem’s dividend payout ratio is currently 45.90%.
In other news, insider Tomas Brannemo sold 2,260 shares of the stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $67.75, for a total transaction of $153,115.00. Following the transaction, the insider now directly owns 10,975 shares in the company, valued at approximately $743,556.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven R. Loranger sold 17,139 shares of the stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $68.10, for a total value of $1,167,165.90. Following the transaction, the director now owns 26,150 shares in the company, valued at $1,780,815. The disclosure for this sale can be found here. Insiders sold a total of 75,455 shares of company stock worth $5,166,873 over the last 90 days. Corporate insiders own 0.75% of the company’s stock.
Several institutional investors have recently made changes to their positions in XYL. BlackRock Inc. increased its position in shares of Xylem by 16.0% during the 4th quarter. BlackRock Inc. now owns 14,130,060 shares of the industrial products company’s stock valued at $963,668,000 after purchasing an additional 1,949,335 shares during the last quarter. Eaton Vance Management increased its position in shares of Xylem by 5,143.0% during the 4th quarter. Eaton Vance Management now owns 772,562 shares of the industrial products company’s stock valued at $52,688,000 after purchasing an additional 757,827 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Xylem by 31.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,027,810 shares of the industrial products company’s stock valued at $127,002,000 after purchasing an additional 487,360 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its position in shares of Xylem by 180.3% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 734,057 shares of the industrial products company’s stock valued at $50,063,000 after purchasing an additional 472,188 shares during the last quarter. Finally, TD Asset Management Inc. increased its position in shares of Xylem by 47.7% during the 3rd quarter. TD Asset Management Inc. now owns 1,222,128 shares of the industrial products company’s stock valued at $76,542,000 after purchasing an additional 394,814 shares during the last quarter. Hedge funds and other institutional investors own 85.07% 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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