Xylem (XYL) Updates FY 2018 Earnings Guidance

Xylem (NYSE:XYL) updated its FY 2018 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.87-2.89 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.90. The company issued revenue guidance of $5.2-5.2 billion, compared to the consensus revenue estimate of $5.21 billion.Xylem also updated its FY18 guidance to $2.87-2.89 EPS.

Several research firms have recently commented on XYL. Berenberg Bank began coverage on shares of Xylem in a research note on Wednesday, October 3rd. They set a sell rating and a $65.00 price objective for the company. Vertical Research downgraded shares of Xylem from a hold rating to a sell rating in a research note on Monday, October 8th. Stifel Nicolaus lifted their price objective on shares of Xylem from $75.00 to $80.00 and gave the stock a hold rating in a research note on Wednesday, August 1st. Raymond James started coverage on shares of Xylem in a research note on Wednesday, September 5th. They set an outperform rating and a $90.00 price objective for the company. Finally, BMO Capital Markets boosted their target price on shares of Xylem from $83.00 to $84.00 and gave the company an outperform rating in a research report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. Xylem has a consensus rating of Buy and a consensus price target of $80.50.

Xylem stock traded down $1.80 during mid-day trading on Tuesday, reaching $63.90. 71,534 shares of the company’s stock were exchanged, compared to its average volume of 1,173,496. The firm has a market cap of $11.95 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 1.27 and a beta of 1.22. Xylem has a twelve month low of $64.41 and a twelve month high of $82.44. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 0.86.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.77 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.77. Xylem had a net margin of 7.39% and a return on equity of 19.04%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the firm posted $0.65 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts anticipate that Xylem will post 2.9 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Thursday, November 1st will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Wednesday, October 31st. Xylem’s dividend payout ratio is presently 35.00%.

In related news, Director Curtis J. Crawford sold 1,323 shares of the firm’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $75.25, for a total value of $99,555.75. Following the completion of the sale, the director now owns 40,421 shares in the company, valued at $3,041,680.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Colin R. Sabol sold 17,161 shares of the firm’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $81.37, for a total transaction of $1,396,390.57. Following the completion of the sale, the insider now owns 41,988 shares of the company’s stock, valued at approximately $3,416,563.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,284 shares of company stock worth $3,839,982. Insiders own 0.81% of the company’s stock.

About Xylem

Xylem Inc engages in the design, manufacture, and service of engineered solutions for the water and wastewater applications. It operates through three segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps, and controls and systems, as well as filtration, disinfection, and biological treatment equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation, treatment, and testing of water and wastewater applications.

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Earnings History and Estimates for Xylem (NYSE:XYL)

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