Xylem (XYL) Earning Somewhat Favorable Press Coverage, Analysis Finds

Media coverage about Xylem (NYSE:XYL) has trended somewhat positive recently, according to AlphaOne Sentiment. AlphaOne, a division of Accern, identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Xylem earned a news impact score of 0.21 on AlphaOne’s scale. AlphaOne also gave media headlines about the industrial products company an impact score of 71 out of 100, meaning that recent news coverage is likely to have an effect on the stock’s share price in the next few days.

These are some of the media headlines that may have impacted Alpha One Sentiment’s analysis:

Several equities analysts recently commented on the stock. Boenning Scattergood raised shares of Xylem from a “neutral” rating to an “outperform” rating and set a $55.00 target price on the stock in a report on Friday, February 3rd. Cowen and Company increased their target price on shares of Xylem from $56.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, March 24th. Barclays PLC raised shares of Xylem from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $51.00 to $59.00 in a report on Monday, May 15th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Xylem in a report on Tuesday, May 9th. Finally, CIBC reaffirmed a “buy” rating and set a $58.00 target price on shares of Xylem in a report on Thursday, April 6th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Xylem presently has a consensus rating of “Buy” and a consensus target price of $54.82.

Shares of Xylem (NYSE:XYL) opened at 52.80 on Wednesday. The company has a market cap of $9.49 billion, a price-to-earnings ratio of 37.99 and a beta of 1.21. The firm has a 50-day moving average of $51.01 and a 200-day moving average of $50.13. Xylem has a one year low of $42.52 and a one year high of $54.99.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. Xylem had a net margin of 6.89% and a return on equity of 16.64%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the business posted $0.35 earnings per share. The business’s revenue was up 26.4% compared to the same quarter last year. Equities research analysts forecast that Xylem will post $2.31 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 21st. Shareholders of record on Thursday, May 25th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Tuesday, May 23rd. Xylem’s dividend payout ratio (DPR) is 42.76%.

In other Xylem news, insider Tomas Brannemo sold 14,080 shares of the business’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $50.36, for a total transaction of $709,068.80. Following the transaction, the insider now owns 21,000 shares in the company, valued at $1,057,560. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.77% 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.

12 Month Chart for NYSE:XYL

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