Xylem Inc. (XYL) Set to Announce Quarterly Earnings on Tuesday
Xylem Inc. (NYSE:XYL) will announce its earnings results before the market opens on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.63 per share for the quarter. Xylem has set its FY17 guidance at $2.30-2.40 EPS.
Xylem (NYSE:XYL) last issued 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 during the quarter, compared to the consensus estimate of $1.17 billion. Xylem had a net margin of 6.58% and a return on equity of 17.26%. Xylem’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 earnings per share. On average, analysts expect Xylem to post $2.38 EPS for the current fiscal year and $2.75 EPS for the next fiscal year.
Xylem Inc. (NYSE:XYL) opened at 63.68 on Tuesday. The company has a 50-day moving average of $63.69 and a 200-day moving average of $57.06. Xylem Inc. has a 52 week low of $45.60 and a 52 week high of $66.28. The company has a market cap of $11.43 billion, a P/E ratio of 41.11 and a beta of 1.17.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Thursday, November 2nd will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.13%. Xylem’s dividend payout ratio (DPR) is presently 46.45%.
In related news, insider Kenneth Napolitano sold 9,052 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total value of $544,568.32. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.75% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $63.00 target price on shares of Xylem in a report on Friday, October 13th. Canaccord Genuity reiterated a “hold” rating and set a $56.00 target price on shares of Xylem in a report on Friday, October 6th. Royal Bank Of Canada reiterated an “outperform” rating and set a $71.00 target price (up from $64.00) on shares of Xylem in a report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Xylem from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Thursday, October 5th. Finally, Cowen and Company reiterated a “buy” rating and set a $70.00 target price on shares of Xylem in a report on Thursday, September 21st. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $61.92.
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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