Q1 2019 EPS Estimates for Xylem Inc (XYL) Cut by Analyst

Xylem Inc (NYSE:XYL) – Research analysts at Seaport Global Securities lowered their Q1 2019 earnings per share estimates for shares of Xylem in a research report issued to clients and investors on Wednesday, April 11th. Seaport Global Securities analyst W. Liptak now expects that the industrial products company will post earnings per share of $0.60 for the quarter, down from their prior estimate of $0.62. Seaport Global Securities has a “Buy” rating and a $83.00 price objective on the stock. Seaport Global Securities also issued estimates for Xylem’s Q2 2019 earnings at $0.83 EPS, Q3 2019 earnings at $0.88 EPS, Q4 2019 earnings at $0.97 EPS and FY2019 earnings at $3.28 EPS.

How to Become a New Pot Stock Millionaire

Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Xylem from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Tuesday, March 20th. Oppenheimer upped their price target on Xylem to $82.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $86.00 price target on shares of Xylem in a research note on Friday, February 2nd. Cowen reaffirmed a “buy” rating and issued a $80.00 price target on shares of Xylem in a research note on Tuesday, March 6th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $75.00 price target on shares of Xylem in a research note on Sunday, January 28th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Xylem currently has a consensus rating of “Buy” and an average price target of $74.00.

Shares of NYSE:XYL opened at $76.19 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.88 and a quick ratio of 1.41. The firm has a market capitalization of $13,812.18, a price-to-earnings ratio of 32.13, a P/E/G ratio of 1.48 and a beta of 1.10. Xylem has a 52-week low of $48.81 and a 52-week high of $79.83.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, February 1st. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.76. The company had revenue of $1.28 billion during 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 period in the prior year, the business earned $0.66 EPS.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB lifted its stake in Xylem by 17.9% during the 4th quarter. Xact Kapitalforvaltning AB now owns 38,383 shares of the industrial products company’s stock worth $2,618,000 after acquiring an additional 5,830 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Xylem by 1.4% during the 4th quarter. Handelsbanken Fonder AB now owns 706,000 shares of the industrial products company’s stock worth $48,149,000 after acquiring an additional 10,000 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in Xylem by 38.3% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 12,267 shares of the industrial products company’s stock worth $837,000 after acquiring an additional 3,400 shares in the last quarter. Halsey Associates Inc. CT acquired a new position in Xylem during the 4th quarter worth about $697,000. Finally, Meitav Dash Investments Ltd. acquired a new position in Xylem during the 4th quarter worth about $1,194,000. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Curtis J. Crawford sold 7,948 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $71.77, for a total transaction of $570,427.96. Following the transaction, the director now owns 55,245 shares of the company’s stock, valued at approximately $3,964,933.65. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Tomas Brannemo sold 1,151 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $76.41, for a total value of $87,947.91. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,105 shares of company stock worth $1,540,907. 0.81% of the stock is owned by corporate insiders.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, February 15th were paid a dividend of $0.21 per share. This is a positive change from Xylem’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.84 annualized dividend and a yield of 1.10%. Xylem’s dividend payout ratio is presently 35.00%.

COPYRIGHT VIOLATION NOTICE: This report was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://www.dispatchtribunal.com/2018/04/12/q1-2019-eps-estimates-for-xylem-inc-xyl-cut-by-analyst.html.

Xylem Company Profile

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.

Earnings History and Estimates for Xylem (NYSE:XYL)

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.

Leave a Reply