Xylem Inc. (NYSE:XYL) released its earnings results on Tuesday. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01, Bloomberg Earnings reports. Xylem had a return on equity of 17.26% and a net margin of 6.58%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the business posted $0.54 earnings per share. The business’s revenue for the quarter was up 33.2% on a year-over-year basis. Xylem updated its FY17 guidance to $2.39-2.41 EPS.
Xylem (NYSE XYL) traded up 3.99% during trading on Tuesday, hitting $67.22. The stock had a trading volume of 424,728 shares. Xylem has a 52-week low of $45.60 and a 52-week high of $67.57. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 43.40 and a beta of 1.17. The company has a 50-day moving average price of $63.99 and a 200-day moving average price of $57.59.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Thursday, November 2nd will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Wednesday, November 1st. Xylem’s payout ratio is currently 46.45%.
A number of research firms have issued reports on XYL. Cowen and Company reissued an “outperform” rating and issued a $70.00 target price (up from $60.00) on shares of Xylem in a research report on Wednesday, August 9th. Boenning Scattergood reissued an “outperform” rating on shares of Xylem in a research report on Tuesday, September 5th. Oppenheimer Holdings, Inc. raised their target price on Xylem from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada raised their target price on Xylem from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report 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 report on Wednesday, October 4th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Xylem presently has a consensus rating of “Buy” and an average price target of $61.92.
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In other news, insider Kenneth Napolitano sold 9,052 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 35,303 shares in the company, valued at approximately $2,123,828.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.75% of the company’s stock.
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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