Xylem Inc. (NYSE:XYL) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.30-2.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.31. The company issued revenue guidance of $4.65-4.70 billion, compared to the consensus revenue estimate of $4.60 billion.
Shares of Xylem Inc. (NYSE:XYL) opened at 59.03 on Friday. The company’s 50-day moving average price is $57.50 and its 200 day moving average price is $52.31. The stock has a market cap of $10.60 billion, a PE ratio of 38.11 and a beta of 1.18. Xylem Inc. has a 1-year low of $45.60 and a 1-year high of $60.71.
Xylem (NYSE:XYL) last issued 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 return on equity of 17.26% and a net margin of 6.58%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the firm earned $0.48 EPS. Xylem’s quarterly revenue was up 24.9% on a year-over-year basis. Equities analysts forecast that Xylem Inc. will post $2.37 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.72 dividend on an annualized basis and a yield of 1.22%. Xylem’s dividend payout ratio (DPR) is presently 46.45%.
A number of equities research analysts have weighed in on the company. Cowen and Company restated an outperform rating and set a $70.00 price objective (up previously from $60.00) on shares of Xylem in a research note on Wednesday, August 9th. Oppenheimer Holdings, Inc. raised their price objective on Xylem from $60.00 to $66.00 and gave the company an outperform rating in a research note on Wednesday, August 2nd. Barclays PLC upgraded Xylem from an equal weight rating to an overweight rating and raised their price objective for the company from $51.00 to $59.00 in a research note on Monday, May 15th. BMO Capital Markets assumed coverage on Xylem in a research note on Wednesday, June 21st. They set an outperform rating and a $60.00 price objective for the company. Finally, BidaskClub upgraded Xylem from a hold rating to a buy rating in a research note on Wednesday, June 28th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $59.00.
In other Xylem news, Director Steven R. Loranger sold 66,132 shares of Xylem stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $55.01, for a total transaction of $3,637,921.32. Following the sale, the director now owns 65,030 shares of the company’s stock, valued at approximately $3,577,300.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kenneth Napolitano sold 9,052 shares of Xylem 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 sale, the insider now directly owns 35,303 shares in the company, valued at approximately $2,123,828.48. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.
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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.
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