$1.17 Billion in Sales Expected for Xylem Inc. (XYL) This Quarter
Analysts expect Xylem Inc. (NYSE:XYL) to post $1.17 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Xylem’s earnings. The lowest sales estimate is $1.12 billion and the highest is $1.19 billion. Xylem posted sales of $897.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 30.4%. The firm is expected to report its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that Xylem will report full-year sales of $1.17 billion for the current financial year, with estimates ranging from $4.58 billion to $4.70 billion. For the next financial year, analysts anticipate that the firm will report sales of $4.92 billion per share, with estimates ranging from $4.86 billion to $5.00 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Xylem.
Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. Xylem had a return on equity of 17.26% and a net margin of 6.58%. The business’s revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 earnings per share.
Several research analysts recently issued reports on XYL shares. CIBC reiterated a “buy” rating on shares of Xylem in a research report on Wednesday, May 10th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Xylem in a research report on Tuesday, May 9th. Zacks Investment Research upgraded shares of Xylem from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Tuesday, July 4th. BidaskClub upgraded shares of Xylem from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Finally, Boenning Scattergood reiterated a “buy” rating and issued a $55.00 target price on shares of Xylem in a research report on Wednesday, June 7th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Xylem currently has an average rating of “Buy” and an average price target of $59.42.
In other Xylem news, insider Kenneth Napolitano sold 9,052 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total transaction of $544,568.32. Following the completion of the sale, the insider now directly owns 35,303 shares in the company, valued at $2,123,828.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Steven R. Loranger sold 66,132 shares of the company’s stock in a transaction dated 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 owns 65,030 shares of the company’s stock, valued at $3,577,300.30. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.
A number of hedge funds have recently bought and sold shares of XYL. Harfst & Associates Inc. raised its stake in Xylem by 26.1% in the second quarter. Harfst & Associates Inc. now owns 2,433 shares of the industrial products company’s stock worth $134,000 after buying an additional 503 shares in the last quarter. 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 in the last quarter. FNY Partners Fund LP purchased a new stake in Xylem during the first quarter worth $151,000. Tower Research Capital LLC TRC purchased a new stake in Xylem during the second quarter worth $168,000. Finally, Federated Investors Inc. PA raised its stake in Xylem by 5.8% in the second quarter. Federated Investors Inc. PA now owns 3,286 shares of the industrial products company’s stock worth $182,000 after buying an additional 181 shares in the last quarter. Institutional investors and hedge funds own 86.47% of the company’s stock.
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Xylem (NYSE XYL) opened at 61.55 on Thursday. The firm has a 50-day moving average price of $58.12 and a 200-day moving average price of $52.71. Xylem has a 1-year low of $45.60 and a 1-year high of $61.59. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 39.74 and a beta of 1.18.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.72 annualized dividend and a yield of 1.17%. Xylem’s payout ratio is 46.45%.
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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