Xylem Inc. (NYSE:XYL) Scheduled to Post Quarterly Earnings on Tuesday
Xylem Inc. (NYSE:XYL) will issue its quarterly earnings data before the market opens on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.57 per share for the quarter. Xylem has set its FY17 guidance at $2.23-$2.38 EPS.
Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, May 2nd. The industrial products company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. Xylem had a return on equity of 15.53% and a net margin of 6.75%. Xylem’s revenue was up 26.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 EPS. On average, analysts expect Xylem to post $2.31 EPS for the current fiscal year and $2.65 EPS for the next fiscal year.
Xylem Inc. (NYSE:XYL) opened at 57.72 on Tuesday. The firm has a 50-day moving average price of $54.83 and a 200 day moving average price of $51.03. Xylem Inc. has a one year low of $45.60 and a one year high of $57.85. The firm has a market capitalization of $10.37 billion, a P/E ratio of 41.53 and a beta of 1.18.
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A number of equities analysts recently commented on XYL shares. Zacks Investment Research raised shares of Xylem from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Tuesday, July 4th. BidaskClub raised shares of Xylem from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Oppenheimer Holdings, Inc. set a $58.00 price objective on shares of Xylem and gave the stock a “buy” rating in a research note on Tuesday, June 20th. CIBC reaffirmed a “buy” rating on shares of Xylem in a research note on Wednesday, May 10th. Finally, Boenning Scattergood reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Xylem in a research note on Wednesday, June 7th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Xylem presently has a consensus rating of “Buy” and an average target price of $56.85.
In other Xylem news, insider Tomas Brannemo sold 14,080 shares of Xylem stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $50.36, for a total transaction of $709,068.80. Following the completion of the sale, the insider now owns 21,000 shares of the company’s stock, valued at approximately $1,057,560. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven R. Loranger sold 66,132 shares of Xylem stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $55.01, for a total transaction of $3,637,921.32. Following the sale, the director now directly owns 65,030 shares of the company’s stock, valued at approximately $3,577,300.30. The disclosure for this sale can be found here. Company insiders own 0.75% 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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