Xylem Inc. (XYL) to Post FY2019 Earnings of $3.10 Per Share, Gabelli Forecasts
Xylem Inc. (NYSE:XYL) – Equities research analysts at Gabelli raised their FY2019 earnings per share estimates for Xylem in a report issued on Wednesday. Gabelli analyst J. Garza now expects that the industrial products company will post earnings per share of $3.10 for the year, up from their previous estimate of $3.05. Gabelli also issued estimates for Xylem’s FY2020 earnings at $3.55 EPS and FY2021 earnings at $3.90 EPS.
A number of other equities research analysts also recently weighed in on the company. Royal Bank Of Canada reissued an “outperform” rating and set a $71.00 target price (up from $64.00) on shares of Xylem in a research report on Wednesday, October 4th. Boenning Scattergood reaffirmed an “outperform” rating on shares of Xylem in a report on Tuesday, September 5th. Canaccord Genuity reaffirmed a “hold” rating and set a $56.00 price objective on shares of Xylem in a report on Friday, October 6th. Stifel Nicolaus reaffirmed a “hold” rating and set a $63.00 price objective on shares of Xylem in a report on Tuesday, September 5th. Finally, Zacks Investment Research raised Xylem from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Thursday, October 5th. Six research 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 $64.15.
WARNING: “Xylem Inc. (XYL) to Post FY2019 Earnings of $3.10 Per Share, Gabelli Forecasts” was published by American Banking News and is the property of of American Banking News. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international copyright and trademark law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/11/02/xylem-inc-xyl-to-post-fy2019-earnings-of-3-10-per-share-gabelli-forecasts.html. Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The firm 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 17.74% and a net margin of 6.85%. Xylem’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 earnings per share.
A number of institutional investors have recently added to or reduced their stakes in XYL. Harfst & Associates Inc. raised its holdings 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 during the period. CENTRAL TRUST Co raised its holdings 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 during the period. Tower Research Capital LLC TRC bought a new position in Xylem in the 2nd quarter valued at about $168,000. Federated Investors Inc. PA raised its holdings 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 during the period. Finally, Farmers & Merchants Investments Inc. raised its holdings in Xylem by 0.7% in the 2nd 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 period. 86.59% of the stock is currently owned by hedge funds and other institutional investors.
In other Xylem news, insider Kenneth Napolitano sold 9,052 shares of the stock in a transaction dated 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 SEC, which can be accessed through this hyperlink. 0.75% of the stock is owned by corporate insiders.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Thursday, November 2nd will be issued a $0.18 dividend. The ex-dividend date is Wednesday, November 1st. This represents a $0.72 annualized dividend and a yield of 1.08%. Xylem’s dividend payout ratio is currently 41.86%.
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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