Xylem Inc. (XYL) Releases FY13 Earnings Guidance
Xylem Inc. (NYSE:XYL) issued an update on its FY13 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.60-1.65 for the period, compared to the Thomson Reuters consensus estimate of $1.42, Analyst Ratings News reports. The company issued revenue guidance of ~$3.8 billion, compared to the consensus revenue estimate of $3.73 billion.
Several analysts have recently commented on the stock. Analysts at Janney Montgomery Scott raised their price target on shares of Xylem from $28.00 to $32.00 in a research note to investors on Thursday, October 24th. They now have a buy rating on the stock. On a related note, analysts at Gabelli initiated coverage on shares of Xylem in a research note to investors on Monday, October 14th. They set a buy rating on the stock. Finally, analysts at Zacks upgraded shares of Xylem from an underperform rating to a neutral rating in a research note to investors on Thursday, October 10th. They now have a $29.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Xylem has a consensus rating of Hold and an average price target of $28.50.
Xylem Inc. (NYSE:XYL) opened at 28.93 on Tuesday. Xylem Inc. has a 52-week low of $23.41 and a 52-week high of $29.79. The stock’s 50-day moving average is $25.43 and its 200-day moving average is $27.27. The company has a market cap of $5.360 billion and a price-to-earnings ratio of 23.33.
Xylem (NYSE:XYL) last released its earnings data on Tuesday, October 29th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.13. The company had revenue of $965.00 million for the quarter, compared to the consensus estimate of $918.70 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts predict that Xylem Inc. will post $1.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, December 11th. Shareholders of record on Wednesday, October 23rd will be paid a dividend of $0.12 per share. This represents a $0.47 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Monday, October 21st.
Xylem Inc (NYSE:XYL), formerly ITT WCO, Inc, is a provider of equipment and service for water and wastewater applications with a portfolio of products and services addressing the full cycle of water, from collection, distribution and use to the return of water to the environment.