Research Analysts Offer Predictions for Xylem Inc’s FY2018 Earnings (XYL)

Xylem Inc (NYSE:XYL) – Stock analysts at Gabelli upped their FY2018 earnings estimates for shares of Xylem in a research note issued to investors on Friday. Gabelli analyst J. Garza now expects that the industrial products company will post earnings per share of $2.95 for the year, up from their prior estimate of $2.75. Gabelli also issued estimates for Xylem’s FY2019 earnings at $3.30 EPS, FY2020 earnings at $3.70 EPS, FY2021 earnings at $4.10 EPS and FY2022 earnings at $4.40 EPS.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, February 1st. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.76. Xylem had a return on equity of 17.95% and a net margin of 7.03%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the business earned $0.66 EPS. The company’s revenue for the quarter was up 16.6% on a year-over-year basis.

A number of other brokerages have also recently issued reports on XYL. Oppenheimer boosted their target price on Xylem to $82.00 and gave the stock an “outperform” rating in a report on Friday. Seaport Global Securities reiterated a “buy” rating and set a $83.00 target price on shares of Xylem in a report on Friday. BMO Capital Markets reiterated a “buy” rating and set a $86.00 target price on shares of Xylem in a report on Friday. Canaccord Genuity restated a “hold” rating and issued a $75.00 price target on shares of Xylem in a report on Sunday, January 28th. Finally, Zacks Investment Research cut Xylem from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $70.00.

Shares of Xylem (XYL) opened at $75.66 on Monday. The company has a current ratio of 1.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.87. Xylem has a fifty-two week low of $46.67 and a fifty-two week high of $76.81. The stock has a market capitalization of $13,588.54, a PE ratio of 41.12, a PEG ratio of 1.76 and a beta of 1.20.

Several institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp raised its position in shares of Xylem by 11.5% in the 2nd quarter. State Street Corp now owns 8,360,506 shares of the industrial products company’s stock valued at $460,211,000 after purchasing an additional 861,484 shares in the last quarter. Impax Asset Management LTD raised its position in shares of Xylem by 0.6% in the 3rd quarter. Impax Asset Management LTD now owns 3,106,646 shares of the industrial products company’s stock valued at $194,569,000 after purchasing an additional 18,698 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Xylem by 31.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,027,810 shares of the industrial products company’s stock valued at $127,002,000 after purchasing an additional 487,360 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Xylem by 404.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,853,943 shares of the industrial products company’s stock valued at $102,758,000 after purchasing an additional 1,486,463 shares in the last quarter. Finally, USS Investment Management Ltd raised its position in shares of Xylem by 4.2% in the 3rd quarter. USS Investment Management Ltd now owns 1,726,887 shares of the industrial products company’s stock valued at $108,146,000 after purchasing an additional 69,877 shares in the last quarter. 85.55% of the stock is currently owned by institutional investors.

In other Xylem news, insider Tomas Brannemo sold 2,260 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $67.75, for a total value of $153,115.00. Following the completion of the transaction, the insider now owns 10,975 shares in the company, valued at approximately $743,556.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven R. Loranger sold 17,139 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $68.10, for a total value of $1,167,165.90. Following the completion of the transaction, the director now owns 26,150 shares of the company’s stock, valued at approximately $1,780,815. The disclosure for this sale can be found here. In the last 90 days, insiders sold 75,007 shares of company stock valued at $5,094,745. 0.75% of the stock is owned by company insiders.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a boost from Xylem’s previous quarterly dividend of $0.18. Xylem’s dividend payout ratio is currently 39.13%.

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Xylem Company Profile

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.

Earnings History and Estimates for Xylem (NYSE:XYL)

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