FY2018 EPS Estimates for Xylem Inc Raised by Gabelli (XYL)
Xylem Inc (NYSE:XYL) – Gabelli increased their FY2018 earnings per share (EPS) estimates for Xylem in a note issued to investors on Wednesday. Gabelli analyst J. Garza now forecasts that the industrial products company will post earnings per share of $2.75 for the year, up from their previous forecast of $2.70. Gabelli also issued estimates for Xylem’s FY2019 earnings at $3.15 EPS.
Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.01. The firm had revenue of $1.20 billion for 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 company’s revenue was up 33.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS.
Other equities analysts have also recently issued reports about the company. Seaport Global Securities reissued a “buy” rating on shares of Xylem in a report on Wednesday, November 1st. Zacks Investment Research raised Xylem from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Thursday, October 5th. Oppenheimer reissued a “buy” rating on shares of Xylem in a report on Tuesday, October 31st. Cowen reissued a “buy” rating and set a $70.00 price target on shares of Xylem in a report on Thursday, September 21st. Finally, Robert W. Baird reissued a “hold” rating and set a $67.00 price target on shares of Xylem in a report on Wednesday, October 4th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $65.17.
Xylem (NYSE:XYL) traded down $0.05 during midday trading on Thursday, hitting $67.49. The stock had a trading volume of 979,600 shares, compared to its average volume of 1,198,161. The company has a market cap of $12,130.18, a PE ratio of 29.49, a price-to-earnings-growth ratio of 1.88 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. Xylem has a 12-month low of $46.67 and a 12-month high of $69.88.
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Thursday, November 2nd were issued a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, November 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.07%. Xylem’s dividend payout ratio is currently 41.86%.
In related news, insider Colin R. Sabol sold 38,070 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was 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 of the company’s stock, valued at approximately $4,078,837.99. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Curtis J. Crawford sold 7,500 shares of the firm’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 completion of the transaction, the director now directly owns 52,385 shares in the company, valued at $3,480,459.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,466 shares of company stock worth $5,514,685. 0.75% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the business. Invictus RG purchased a new stake in Xylem in the 3rd quarter worth $104,000. Harfst & Associates Inc. increased its stake in Xylem by 26.1% in the 2nd quarter. Harfst & Associates Inc. now owns 2,433 shares of the industrial products company’s stock worth $134,000 after buying an additional 503 shares in the last quarter. FNY Partners Fund LP increased its stake in Xylem by 2,700.0% in the 3rd quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock worth $175,000 after buying an additional 2,700 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in Xylem in the 2nd quarter worth $168,000. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in Xylem in the 3rd quarter worth $205,000. Institutional investors and hedge funds own 85.57% of the company’s stock.
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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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