Zacks: Analysts Expect Xylem Inc. (XYL) to Announce $0.64 EPS
Brokerages predict that Xylem Inc. (NYSE:XYL) will post $0.64 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Xylem’s earnings. The lowest EPS estimate is $0.62 and the highest is $0.66. Xylem posted earnings of $0.54 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 18.5%. The company is scheduled to issue its next quarterly earnings report before the market opens on Tuesday, October 31st.
According to Zacks, analysts expect that Xylem will report full-year earnings of $2.38 per share for the current fiscal year, with EPS estimates ranging from $2.27 to $2.41. For the next fiscal year, analysts forecast that the company will post earnings of $2.75 per share, with EPS estimates ranging from $2.63 to $2.85. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Xylem.
Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Xylem had a net margin of 6.58% and a return on equity of 17.26%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year.
A number of equities analysts have recently commented on XYL shares. BidaskClub raised shares of Xylem from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. 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 report on Tuesday, July 4th. Stifel Nicolaus reaffirmed a “hold” rating and set a $52.00 price objective on shares of Xylem in a report on Thursday, July 6th. Oppenheimer Holdings, Inc. raised their price objective on shares of Xylem from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, July 12th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $50.00 price objective on shares of Xylem in a report on Friday, July 28th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $61.92.
In related news, insider Kenneth Napolitano sold 9,052 shares of Xylem 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 transaction, the insider now directly owns 35,303 shares of the company’s stock, valued at approximately $2,123,828.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.75% of the company’s stock.
A number of hedge funds have recently made changes to their positions in XYL. Harfst & Associates Inc. increased its position in Xylem by 26.1% in the 2nd quarter. Harfst & Associates Inc. now owns 2,433 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 503 shares in the last quarter. CENTRAL TRUST Co increased its position in Xylem by 160.3% in the 2nd quarter. CENTRAL TRUST Co now owns 2,655 shares of the industrial products company’s stock valued at $146,000 after acquiring an additional 1,635 shares in the last quarter. FNY Partners Fund LP acquired a new stake in Xylem in the 1st quarter valued at about $151,000. Tower Research Capital LLC TRC acquired a new stake in Xylem in the 2nd quarter valued at about $168,000. Finally, Federated Investors Inc. PA increased its position in Xylem by 5.8% in the 2nd quarter. Federated Investors Inc. PA now owns 3,286 shares of the industrial products company’s stock valued at $182,000 after acquiring an additional 181 shares in the last quarter. 86.16% of the stock is owned by hedge funds and other institutional investors.
Shares of Xylem (NYSE:XYL) opened at 64.83 on Wednesday. Xylem has a 12 month low of $45.60 and a 12 month high of $66.28. The company’s 50 day moving average is $63.72 and its 200-day moving average is $57.16. The company has a market cap of $11.64 billion, a P/E ratio of 41.85 and a beta of 1.17.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Thursday, November 2nd will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, November 1st. Xylem’s dividend payout ratio is currently 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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