Equities research analysts forecast that Xylem Inc. (NYSE:XYL) will post earnings of $0.63 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Xylem’s earnings, with the highest EPS estimate coming in at $0.66 and the lowest estimate coming in at $0.61. Xylem posted earnings per share of $0.54 in the same quarter last year, which would suggest a positive year over year growth rate of 16.7%. The company is scheduled to report its next quarterly earnings results on Tuesday, November 7th.

According to Zacks, analysts expect that Xylem will report full-year earnings of $2.37 per share for the current financial year, with EPS estimates ranging from $2.27 to $2.40. For the next financial year, analysts forecast that the company will post earnings of $2.74 per share, with EPS estimates ranging from $2.62 to $2.85. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Xylem.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.17 billion. Xylem had a return on equity of 17.26% and a net margin of 6.58%. The company’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 earnings per share.

A number of brokerages recently weighed in on XYL. Stifel Nicolaus reissued a “hold” rating and issued a $63.00 target price on shares of Xylem in a research note on Tuesday, September 5th. Boenning Scattergood reissued an “outperform” rating on shares of Xylem in a research note on Tuesday, September 5th. Cowen and Company reissued an “outperform” rating and issued a $70.00 target price (up from $60.00) on shares of Xylem in a research note on Wednesday, August 9th. Royal Bank Of Canada raised their target price on shares of Xylem from $58.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Finally, Oppenheimer Holdings, Inc. raised their target price on shares of Xylem from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $59.67.

Xylem (NYSE XYL) traded up 0.46% on Friday, reaching $63.30. The company’s stock had a trading volume of 1,276,972 shares. The stock has a market cap of $11.37 billion, a PE ratio of 40.87 and a beta of 1.17. The company’s 50 day moving average price is $60.57 and its 200-day moving average price is $54.16. Xylem has a 12-month low of $45.60 and a 12-month high of $63.56.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Thursday, August 31st will be issued a $0.18 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $0.72 annualized dividend and a yield of 1.14%. Xylem’s dividend payout ratio (DPR) is presently 46.45%.

WARNING: “Analysts Anticipate Xylem Inc. (XYL) to Announce $0.63 Earnings Per Share” was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/09/17/analysts-anticipate-xylem-inc-xyl-to-announce-0-63-earnings-per-share.html.

In other news, insider Kenneth Napolitano sold 9,052 shares of Xylem stock in a transaction on 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 of the company’s stock, valued at approximately $2,123,828.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven R. Loranger sold 66,132 shares of Xylem stock in a transaction on Thursday, June 29th. The stock was 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 $3,577,300.30. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Farmers & Merchants Investments Inc. lifted its position in Xylem by 0.7% in the second quarter. Farmers & Merchants Investments Inc. now owns 3,445 shares of the industrial products company’s stock valued at $191,000 after acquiring an additional 25 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Xylem by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,352 shares of the industrial products company’s stock valued at $740,000 after acquiring an additional 39 shares during the last quarter. National Asset Management Inc. lifted its position in Xylem by 0.5% in the first quarter. National Asset Management Inc. now owns 8,778 shares of the industrial products company’s stock valued at $442,000 after acquiring an additional 48 shares during the last quarter. CIBC Asset Management Inc lifted its position in Xylem by 0.3% in the second quarter. CIBC Asset Management Inc now owns 17,671 shares of the industrial products company’s stock valued at $980,000 after acquiring an additional 58 shares during the last quarter. Finally, Page Arthur B lifted its position in Xylem by 0.5% in the second quarter. Page Arthur B now owns 14,420 shares of the industrial products company’s stock valued at $798,000 after acquiring an additional 70 shares during the last quarter. 86.48% of the stock is owned by hedge funds and other institutional investors.

About Xylem

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.

Get a free copy of the Zacks research report on Xylem (XYL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Xylem (NYSE:XYL)

Receive News & Ratings for Xylem Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem Inc. and related companies with MarketBeat.com's FREE daily email newsletter.