Equities research analysts forecast that Xylem Inc. (NYSE:XYL) will announce $0.76 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Xylem’s earnings, with the highest EPS estimate coming in at $0.78 and the lowest estimate coming in at $0.66. Xylem posted earnings of $0.66 per share in the same quarter last year, which would indicate a positive year over year growth rate of 15.2%. The firm is scheduled to issue its next earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Xylem will report full-year earnings of $2.39 per share for the current financial year, with EPS estimates ranging from $2.29 to $2.41. For the next year, analysts anticipate that the company will post earnings of $2.78 per share, with EPS estimates ranging from $2.66 to $2.88. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Xylem.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. Xylem had a return on equity of 17.74% and a net margin of 6.85%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 33.2% on a year-over-year basis.

Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Xylem from a “buy” rating to a “hold” rating in a report on Wednesday. Seaport Global Securities reiterated a “buy” rating on shares of Xylem in a report on Wednesday, November 1st. Canaccord Genuity reiterated a “hold” rating and set a $65.00 price target on shares of Xylem in a report on Wednesday, November 1st. Oppenheimer upped their price target on Xylem from $66.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, November 1st. Finally, BMO Capital Markets upped their price target on Xylem from $74.00 to $76.00 and gave the stock an “outperform” rating in a report on Wednesday, November 1st. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $65.17.

Shares of Xylem (NYSE XYL) traded up $0.14 during trading on Friday, reaching $67.98. The company had a trading volume of 1,073,774 shares, compared to its average volume of 1,206,073. Xylem has a 1-year low of $46.67 and a 1-year high of $69.88. The company has a market capitalization of $12,351.09, a P/E ratio of 30.03, a P/E/G ratio of 1.92 and a beta of 1.17. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.76 and a quick ratio of 1.26.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Thursday, November 2nd will be given a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a $0.72 annualized dividend and a yield of 1.06%. Xylem’s dividend payout ratio is currently 41.86%.

In other Xylem news, Director Curtis J. Crawford sold 7,500 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $66.44, for a total value of $498,300.00. Following the transaction, the director now owns 52,385 shares of the company’s stock, valued at $3,480,459.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Colin R. Sabol sold 38,070 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $65.81, for a total value of $2,505,386.70. Following the transaction, the insider now directly owns 61,979 shares in the company, valued at approximately $4,078,837.99. The disclosure for this sale can be found here. In the last three months, insiders sold 83,270 shares of company stock worth $5,501,312. Insiders own 0.75% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of XYL. Louisiana State Employees Retirement System lifted its position in shares of Xylem by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the industrial products company’s stock valued at $615,000 after buying an additional 100 shares during the last quarter. Strs Ohio lifted its position in shares of Xylem by 6.2% during the 2nd quarter. Strs Ohio now owns 21,049 shares of the industrial products company’s stock valued at $1,166,000 after buying an additional 1,232 shares during the last quarter. NGAM Advisors L.P. lifted its position in shares of Xylem by 57.5% during the 2nd quarter. NGAM Advisors L.P. now owns 21,669 shares of the industrial products company’s stock valued at $1,201,000 after buying an additional 7,911 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Xylem by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 17,671 shares of the industrial products company’s stock valued at $980,000 after buying an additional 58 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in Xylem by 380.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 103,500 shares of the industrial products company’s stock worth $5,737,000 after purchasing an additional 81,950 shares in the last quarter. 85.58% of the stock is currently owned by hedge funds and other institutional investors.

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About Xylem

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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Earnings History and Estimates for Xylem (NYSE:XYL)

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