Xylem Inc. Forecasted to Post Q2 2017 Earnings of $0.57 Per Share (NYSE:XYL)
Xylem Inc. (NYSE:XYL) – Equities research analysts at Seaport Global Securities upped their Q2 2017 earnings per share estimates for Xylem in a report issued on Thursday. Seaport Global Securities analyst R. Cassil now anticipates that the industrial products company will post earnings of $0.57 per share for the quarter, up from their prior estimate of $0.55.
Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $60.00 price target on shares of Xylem in a report on Friday. Oppenheimer Holdings, Inc. set a $58.00 price target on Xylem and gave the company a “buy” rating in a report on Wednesday, April 5th. Boenning Scattergood reaffirmed a “buy” rating and issued a $55.00 price target on shares of Xylem in a report on Wednesday, June 7th. Zacks Investment Research raised Xylem from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Tuesday, July 4th. Finally, CIBC reaffirmed a “buy” rating on shares of Xylem in a report on Wednesday, May 10th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $56.85.
Xylem (NYSE XYL) opened at 56.10 on Monday. Xylem has a 12 month low of $45.60 and a 12 month high of $56.18. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of 40.36 and a beta of 1.18. The stock has a 50 day moving average price of $53.05 and a 200 day moving average price of $50.40.
Xylem (NYSE:XYL) last issued its earnings results on Tuesday, May 2nd. The industrial products company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. Xylem had a return on equity of 15.53% and a net margin of 6.75%. The business’s revenue was up 26.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 21st. Stockholders of record on Thursday, May 25th were issued a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.28%. Xylem’s payout ratio is presently 50.35%.
In other news, Director Steven R. Loranger sold 66,132 shares of the stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $55.01, for a total value of $3,637,921.32. Following the completion of the transaction, the director now directly owns 65,030 shares of the company’s stock, valued at approximately $3,577,300.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Tomas Brannemo sold 14,080 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $50.36, for a total value of $709,068.80. Following the completion of the transaction, the insider now directly owns 21,000 shares of the company’s stock, valued at $1,057,560. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. Asset Planning Services Ltd. raised its stake in Xylem by 0.3% in the first quarter. Asset Planning Services Ltd. now owns 2,107 shares of the industrial products company’s stock worth $106,000 after buying an additional 7 shares during the period. Contravisory Investment Management Inc. raised its stake in Xylem by 96.1% in the first quarter. Contravisory Investment Management Inc. now owns 2,345 shares of the industrial products company’s stock worth $118,000 after buying an additional 1,149 shares during the period. Cribstone Capital Management LLC raised its stake in Xylem by 1,214.6% in the first quarter. Cribstone Capital Management LLC now owns 2,432 shares of the industrial products company’s stock worth $124,000 after buying an additional 2,247 shares during the period. CENTRAL TRUST Co raised its stake in Xylem by 160.3% in the second quarter. CENTRAL TRUST Co now owns 2,655 shares of the industrial products company’s stock worth $146,000 after buying an additional 1,635 shares during the period. Finally, FNY Partners Fund LP acquired a new stake in Xylem during the first quarter worth approximately $151,000. Institutional investors and hedge funds own 85.28% of the company’s stock.
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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