Xylem Inc. (NYSE:XYL) announced its quarterly earnings data on Tuesday. The industrial products company reported $0.65 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 17.74% and a net margin of 6.85%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company earned $0.54 EPS. The company’s quarterly revenue was up 33.2% on a year-over-year basis. Xylem updated its FY17 guidance to $2.39-2.41 EPS.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Thursday, November 2nd will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.08%. Xylem’s dividend payout ratio (DPR) is presently 41.86%.
XYL has been the subject of a number of research reports. Stifel Nicolaus reiterated a “hold” rating and issued a $52.00 price objective on shares of Xylem in a research report on Thursday, July 6th. Oppenheimer Holdings, Inc. raised their price objective on Xylem from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 12th. Canaccord Genuity reiterated a “hold” rating and issued a $50.00 price objective on shares of Xylem in a research report on Friday, July 28th. BidaskClub downgraded Xylem from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Royal Bank Of Canada raised their price objective on Xylem from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $64.15.
In other Xylem news, insider Kenneth Napolitano sold 9,052 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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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