Seaport Global Securities Comments on Xylem Inc.’s FY2017 Earnings (XYL)
Xylem Inc. (NYSE:XYL) – Analysts at Seaport Global Securities issued their FY2017 earnings per share estimates for Xylem in a report released on Wednesday. Seaport Global Securities analyst W. Liptak anticipates that the industrial products company will post earnings of $2.40 per share for the year. Seaport Global Securities has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Xylem’s Q4 2017 earnings at $0.77 EPS, Q1 2018 earnings at $0.49 EPS, Q2 2018 earnings at $0.70 EPS, Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.82 EPS and FY2018 earnings at $2.82 EPS.
Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.01. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Xylem had a return on equity of 17.74% and a net margin of 6.85%. The business’s revenue was up 33.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share.
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Other analysts have also recently issued reports about the company. Cowen and Company reiterated a “buy” rating and set a $70.00 price target on shares of Xylem in a research report on Thursday, September 21st. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $66.00 price target (up from $60.00) on shares of Xylem in a research report on Tuesday, August 1st. Zacks Investment Research upgraded Xylem from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Thursday, October 5th. BidaskClub cut Xylem from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Canaccord Genuity reiterated a “hold” rating and set a $50.00 price target on shares of Xylem in a research report on Friday, July 28th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Xylem has a consensus rating of “Buy” and an average price target of $65.17.
Shares of Xylem (NYSE XYL) opened at $66.61 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.76 and a quick ratio of 1.26. Xylem has a 12-month low of $46.67 and a 12-month high of $67.64. The company has a market capitalization of $11,920.00, a P/E ratio of 29.07, a PEG ratio of 1.86 and a beta of 1.16.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Xylem by 2.4% during the second quarter. Vanguard Group Inc. now owns 17,697,791 shares of the industrial products company’s stock worth $980,989,000 after buying an additional 409,920 shares during the last quarter. State Street Corp boosted its stake in Xylem by 11.5% during the second quarter. State Street Corp now owns 8,360,506 shares of the industrial products company’s stock worth $460,211,000 after buying an additional 861,484 shares during the last quarter. Pictet Asset Management Ltd. boosted its stake in Xylem by 7.9% during the second quarter. Pictet Asset Management Ltd. now owns 4,342,944 shares of the industrial products company’s stock worth $226,441,000 after buying an additional 318,756 shares during the last quarter. FMR LLC boosted its stake in Xylem by 7.7% during the second quarter. FMR LLC now owns 3,239,067 shares of the industrial products company’s stock worth $179,541,000 after buying an additional 232,139 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Xylem by 17.0% during the second quarter. Ameriprise Financial Inc. now owns 2,727,985 shares of the industrial products company’s stock worth $151,210,000 after buying an additional 396,854 shares during the last quarter. 86.49% of the stock is currently owned by institutional investors.
In other Xylem news, insider Colin R. Sabol sold 38,070 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $65.81, for a total transaction of $2,505,386.70. Following the transaction, the insider now owns 61,979 shares of the company’s stock, valued at $4,078,837.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.75% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Thursday, November 2nd will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Wednesday, November 1st. Xylem’s dividend payout ratio (DPR) is currently 41.86%.
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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