Xylem (XYL) Releases Quarterly Earnings Results

Xylem (NYSE:XYL) posted its quarterly earnings results on Thursday. The industrial products company reported $0.76 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.76, Bloomberg Earnings reports. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. Xylem had a net margin of 7.03% and a return on equity of 17.95%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 earnings per share. Xylem updated its FY18 guidance to $2.82-2.97 EPS.

Xylem (XYL) opened at $75.66 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.26 and a current ratio of 1.88. The company has a market cap of $13,441.26, a price-to-earnings ratio of 31.31, a P/E/G ratio of 1.74 and a beta of 1.20. Xylem has a 12 month low of $46.67 and a 12 month high of $76.81.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 15th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.11%. This is an increase from Xylem’s previous quarterly dividend of $0.18. Xylem’s payout ratio is presently 39.13%.

In other Xylem news, Director Steven R. Loranger sold 17,139 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were 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 in the company, valued at $1,780,815. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven R. Loranger sold 37,700 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $66.25, for a total transaction of $2,497,625.00. Following the completion of the transaction, the director now owns 58,831 shares of the company’s stock, valued at approximately $3,897,553.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 112,707 shares of company stock valued at $7,592,370. Insiders own 0.75% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invictus RG acquired a new position in Xylem in the third quarter valued at $104,000. Hanson & Doremus Investment Management acquired a new position in Xylem in the fourth quarter valued at $126,000. Tower Research Capital LLC TRC acquired a new position in Xylem in the second quarter valued at $168,000. FNY Partners Fund LP boosted its stake in Xylem by 2,700.0% in the third quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock valued at $175,000 after acquiring an additional 2,700 shares in the last quarter. Finally, Advisor Group Inc. boosted its stake in Xylem by 18.3% in the second quarter. Advisor Group Inc. now owns 3,592 shares of the industrial products company’s stock valued at $198,000 after acquiring an additional 555 shares in the last quarter. Institutional investors own 85.55% of the company’s stock.

XYL has been the subject of several research reports. Canaccord Genuity restated a “hold” rating and issued a $56.00 price target on shares of Xylem in a research note on Friday, October 6th. Stifel Nicolaus restated a “hold” rating and issued a $63.00 price target on shares of Xylem in a research note on Friday, October 13th. Oppenheimer reiterated a “buy” rating on shares of Xylem in a research note on Tuesday, October 31st. Boenning Scattergood reiterated a “buy” rating on shares of Xylem in a research note on Friday, December 15th. Finally, Zacks Investment Research downgraded shares of Xylem from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $70.00.

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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 for Xylem (NYSE:XYL)

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