Xylem (NYSE:XYL) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Xylem (NYSE:XYL) issued its quarterly earnings data on Tuesday. The industrial products company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.01), FiscalAI reports. Xylem had a return on equity of 11.77% and a net margin of 11.15%. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the business earned $1.37 earnings per share. The company’s revenue for the quarter was down 3.0% on a year-over-year basis.

Xylem Trading Down 0.4%

Shares of XYL stock opened at $108.28 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.23. Xylem has a fifty-two week low of $98.58 and a fifty-two week high of $154.27. The firm’s 50 day moving average price is $106.98 and its two-hundred day moving average price is $118.54. The stock has a market cap of $25.28 billion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 1.75 and a beta of 1.00.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, August 27th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, August 27th. Xylem’s payout ratio is 40.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on XYL shares. Citigroup lowered their target price on Xylem from $172.00 to $148.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Robert W. Baird upped their price objective on Xylem from $163.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. UBS Group decreased their price objective on Xylem from $138.00 to $112.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Jefferies Financial Group lifted their price objective on Xylem from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Finally, Stifel Nicolaus set a $141.00 target price on shares of Xylem in a research note on Monday, October 19th. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $140.85.

About Xylem

Xylem Inc (NYSE: XYL) is a global water technology company that develops products and services for the transportation, treatment, testing and efficient use of water and wastewater. Its offerings support municipal water and wastewater utilities, industrial customers, commercial facilities and residential applications.

The company’s products and solutions include water and wastewater pumps, treatment systems, dewatering equipment, smart meters, monitoring and control technologies, leak detection tools, and data-driven analytics.