Xylem Inc. (XYL) Releases FY17 Earnings Guidance
Xylem Inc. (NYSE:XYL) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.39-2.41 for the period, compared to the Thomson Reuters consensus estimate of $2.38. The company issued revenue guidance of ~$4.7 billion, compared to the consensus revenue estimate of $4.68 billion.
A number of equities research analysts recently issued reports on the stock. Cowen and Company reaffirmed an outperform rating and set a $70.00 price target (up previously from $60.00) on shares of Xylem in a research note on Wednesday, August 9th. Boenning Scattergood reaffirmed an outperform rating on shares of Xylem in a research note on Tuesday, September 5th. Oppenheimer Holdings, Inc. upped their price target on shares of Xylem from $60.00 to $66.00 and gave the company an outperform rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada upped their price target on shares of Xylem from $58.00 to $64.00 and gave the company an outperform rating in a research note on Wednesday, August 2nd. Finally, Robert W. Baird reissued a hold rating and issued a $67.00 target price on shares of Xylem in a research note on Wednesday, October 4th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Xylem currently has an average rating of Buy and an average price target of $61.92.
Xylem Inc. (NYSE XYL) opened at 67.175 on Tuesday. Xylem Inc. has a one year low of $45.60 and a one year high of $67.37. The company has a market capitalization of $12.06 billion, a PE ratio of 43.367 and a beta of 1.17. The firm’s 50-day moving average is $63.99 and its 200 day moving average is $57.59.
Xylem (NYSE:XYL) last released its earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.01. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. Xylem had a return on equity of 17.26% and a net margin of 6.58%. Xylem’s revenue was up 33.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. On average, equities analysts expect that Xylem Inc. will post $2.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Thursday, November 2nd will be given a $0.18 dividend. 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%.
In other Xylem news, insider Kenneth Napolitano sold 9,052 shares of Xylem stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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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