Brokerages Expect Xylem Inc (XYL) Will Announce Earnings of $0.80 Per Share

Wall Street brokerages expect that Xylem Inc (NYSE:XYL) will post earnings of $0.80 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Xylem’s earnings. The lowest EPS estimate is $0.78 and the highest is $0.80. Xylem reported earnings per share of $0.73 in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.6%. The company is scheduled to issue its next quarterly earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that Xylem will report full-year earnings of $3.23 per share for the current fiscal year, with EPS estimates ranging from $3.19 to $3.26. For the next financial year, analysts anticipate that the company will report earnings of $3.73 per share, with EPS estimates ranging from $3.65 to $3.85. Zacks’ EPS calculations are an average based on a survey of research firms that cover Xylem.

Xylem (NYSE:XYL) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.06). The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.25 billion. Xylem had a net margin of 10.50% and a return on equity of 19.46%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS.

A number of equities analysts recently issued reports on XYL shares. Zacks Investment Research upgraded shares of Xylem from a “sell” rating to a “hold” rating in a research report on Saturday, January 26th. Oppenheimer set a $80.00 price objective on shares of Xylem and gave the company a “buy” rating in a research report on Monday, February 4th. ValuEngine lowered shares of Xylem from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. BMO Capital Markets restated a “buy” rating and set a $85.00 price objective on shares of Xylem in a research report on Monday, February 25th. Finally, Boenning Scattergood restated a “buy” rating on shares of Xylem in a research report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. Xylem has an average rating of “Buy” and an average target price of $78.93.

XYL traded down $0.14 on Friday, reaching $73.93. The company had a trading volume of 818,450 shares, compared to its average volume of 882,179. The firm has a market capitalization of $13.30 billion, a PE ratio of 25.67, a P/E/G ratio of 1.42 and a beta of 1.15. The company has a quick ratio of 1.02, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. Xylem has a one year low of $60.65 and a one year high of $84.41.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, May 29th. This represents a $0.96 annualized dividend and a dividend yield of 1.30%. Xylem’s dividend payout ratio (DPR) is 33.33%.

In other Xylem news, SVP Tomas Brannemo sold 2,621 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $75.05, for a total value of $196,706.05. Following the completion of the transaction, the senior vice president now directly owns 12,774 shares in the company, valued at $958,688.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Claudia S. Toussaint sold 8,215 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $76.37, for a total transaction of $627,379.55. Following the completion of the transaction, the senior vice president now owns 59,008 shares of the company’s stock, valued at $4,506,440.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,901 shares of company stock valued at $5,361,715. Corporate insiders own 0.85% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc boosted its stake in Xylem by 10.6% during the third quarter. Legal & General Group Plc now owns 950,436 shares of the industrial products company’s stock worth $75,911,000 after buying an additional 91,099 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in Xylem by 5,057.1% during the fourth quarter. Meeder Asset Management Inc. now owns 722 shares of the industrial products company’s stock worth $48,000 after buying an additional 708 shares in the last quarter. Strs Ohio boosted its stake in Xylem by 17.4% during the fourth quarter. Strs Ohio now owns 34,320 shares of the industrial products company’s stock worth $2,289,000 after buying an additional 5,094 shares in the last quarter. Sumitomo Life Insurance Co. boosted its stake in Xylem by 2.5% during the fourth quarter. Sumitomo Life Insurance Co. now owns 20,390 shares of the industrial products company’s stock worth $1,360,000 after buying an additional 490 shares in the last quarter. Finally, Calamos Advisors LLC boosted its stake in Xylem by 17.6% during the fourth quarter. Calamos Advisors LLC now owns 75,618 shares of the industrial products company’s stock worth $5,045,000 after buying an additional 11,322 shares in the last quarter. Institutional investors own 85.68% of the company’s stock.

About Xylem

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

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Earnings History and Estimates for Xylem (NYSE:XYL)

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