Xylem Inc. (NYSE:XYL) – Oppenheimer Holdings decreased their FY2017 earnings per share (EPS) estimates for shares of Xylem in a report released on Tuesday. Oppenheimer Holdings analyst J. Giannakouros now anticipates that the firm will post earnings of $2.25 per share for the year, down from their prior forecast of $2.35. Oppenheimer Holdings has a “Outperform” rating and a $56.00 price target on the stock. Oppenheimer Holdings also issued estimates for Xylem’s FY2018 earnings at $2.65 EPS.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. Xylem had a net margin of 8.83% and a return on equity of 16.38%. The company had revenue of $897 million for the quarter, compared to analyst estimates of $913.53 million. During the same quarter last year, the business earned $0.49 earnings per share. Xylem’s revenue was down .6% compared to the same quarter last year.

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Earnings History and Estimates for Xylem (NYSE:XYL)

Several other analysts have also issued reports on XYL. Janney Montgomery Scott upgraded shares of Xylem from a “neutral” rating to a “buy” rating and raised their price target for the stock from $50.00 to $52.00 in a research report on Wednesday, November 2nd. Stifel Nicolaus raised their price target on shares of Xylem from $47.00 to $48.00 and gave the stock a “hold” rating in a research report on Wednesday, November 2nd. Northcoast Research started coverage on shares of Xylem in a research report on Thursday, November 17th. They issued a “buy” rating on the stock. Boenning Scattergood lowered shares of Xylem from an “outperform” rating to a “neutral” rating in a research report on Monday, November 28th. Finally, RBC Capital Markets restated an “outperform” rating and issued a $58.00 price target on shares of Xylem in a research report on Wednesday, December 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $47.54.

Shares of Xylem (NYSE:XYL) opened at 48.30 on Thursday. Xylem has a 52 week low of $31.67 and a 52 week high of $54.99. The firm has a 50 day moving average of $50.72 and a 200 day moving average of $49.66. The firm has a market cap of $8.66 billion, a price-to-earnings ratio of 26.80 and a beta of 1.18.

A number of institutional investors have recently added to or reduced their stakes in XYL. Dempze Nancy E increased its position in shares of Xylem by 0.3% in the second quarter. Dempze Nancy E now owns 16,760 shares of the company’s stock worth $748,000 after buying an additional 50 shares in the last quarter. Sanders Morris Harris Inc. increased its position in shares of Xylem by 1.3% in the second quarter. Sanders Morris Harris Inc. now owns 6,410 shares of the company’s stock worth $286,000 after buying an additional 85 shares in the last quarter. National Asset Management Inc. increased its position in shares of Xylem by 1.4% in the third quarter. National Asset Management Inc. now owns 7,002 shares of the company’s stock worth $368,000 after buying an additional 100 shares in the last quarter. Notis McConarty Edward increased its position in shares of Xylem by 0.6% in the third quarter. Notis McConarty Edward now owns 17,455 shares of the company’s stock worth $916,000 after buying an additional 100 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Xylem by 0.3% in the second quarter. Janney Montgomery Scott LLC now owns 38,127 shares of the company’s stock worth $1,392,000 after buying an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

WARNING: This story was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this story on another site, it was stolen and republished in violation of United States & international trademark & copyright laws. The legal version of this story can be viewed at http://www.dailypolitical.com/2017/01/13/fy2017-eps-estimates-for-xylem-inc-decreased-by-analyst-xyl.html.

In other Xylem news, SVP Claudia S. Toussaint sold 5,300 shares of the business’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $47.27, for a total value of $250,531.00. Following the transaction, the senior vice president now directly owns 44,033 shares in the company, valued at $2,081,439.91. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.77% of the stock is currently owned by company insiders.

About Xylem

Xylem Inc is engaged in the design, manufacturing, and application of engineered technologies for the water industry. The Company 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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