Xylem Inc. to Post Q3 2022 Earnings of $0.67 Per Share, Jefferies Financial Group Forecasts (NYSE:XYL)

Xylem Inc. (NYSE:XYLGet Rating) – Research analysts at Jefferies Financial Group cut their Q3 2022 earnings per share (EPS) estimates for Xylem in a research note issued on Tuesday, August 2nd. Jefferies Financial Group analyst S. Boroditsky now expects that the industrial products company will post earnings of $0.67 per share for the quarter, down from their previous forecast of $0.68. The consensus estimate for Xylem’s current full-year earnings is $2.54 per share. Jefferies Financial Group also issued estimates for Xylem’s Q4 2022 earnings at $0.80 EPS, Q4 2023 earnings at $0.94 EPS and Q1 2024 earnings at $0.73 EPS.

Xylem (NYSE:XYLGet Rating) last released its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.54 by $0.12. Xylem had a return on equity of 13.66% and a net margin of 8.06%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year.

Several other research analysts also recently weighed in on XYL. Credit Suisse Group upgraded Xylem from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $77.00 to $96.00 in a research note on Wednesday. Citigroup lifted their target price on Xylem from $84.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday. Cowen upgraded Xylem from a “market perform” rating to an “outperform” rating in a research note on Wednesday, June 1st. Cowen upgraded Xylem from a “market perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research note on Wednesday, June 1st. Finally, Northcoast Research initiated coverage on Xylem in a research note on Friday, July 15th. They issued a “neutral” rating on the stock. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $102.30.

Xylem Trading Down 0.5 %

Shares of XYL stock opened at $97.22 on Thursday. The business’s 50 day moving average is $81.89 and its two-hundred day moving average is $86.08. Xylem has a twelve month low of $72.08 and a twelve month high of $138.78. The company has a market capitalization of $17.51 billion, a P/E ratio of 41.91, a price-to-earnings-growth ratio of 3.19 and a beta of 1.11. The company has a current ratio of 1.63, a quick ratio of 1.21 and a debt-to-equity ratio of 0.59.

Hedge Funds Weigh In On Xylem

Several institutional investors have recently added to or reduced their stakes in the business. OPSEU Pension Plan Trust Fund increased its stake in Xylem by 1.1% in the fourth quarter. OPSEU Pension Plan Trust Fund now owns 9,836 shares of the industrial products company’s stock valued at $1,159,000 after purchasing an additional 108 shares during the last quarter. Glassman Wealth Services increased its stake in Xylem by 16.2% in the second quarter. Glassman Wealth Services now owns 788 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 110 shares during the last quarter. Dempze Nancy E increased its stake in Xylem by 0.5% in the fourth quarter. Dempze Nancy E now owns 23,889 shares of the industrial products company’s stock valued at $2,866,000 after purchasing an additional 115 shares during the last quarter. Albion Financial Group UT increased its stake in Xylem by 1.1% in the fourth quarter. Albion Financial Group UT now owns 10,924 shares of the industrial products company’s stock valued at $1,310,000 after purchasing an additional 118 shares during the last quarter. Finally, Private Capital Group LLC increased its stake in Xylem by 2.5% in the second quarter. Private Capital Group LLC now owns 4,830 shares of the industrial products company’s stock valued at $378,000 after purchasing an additional 118 shares during the last quarter. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Jeanne Beliveau-Dunn sold 600 shares of Xylem stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $96.65, for a total transaction of $57,990.00. Following the completion of the transaction, the director now directly owns 7,553 shares of the company’s stock, valued at $729,997.45. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Jeanne Beliveau-Dunn sold 600 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $96.65, for a total value of $57,990.00. Following the completion of the transaction, the director now directly owns 7,553 shares of the company’s stock, valued at $729,997.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Hayati Yarkadas sold 2,082 shares of the business’s stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $74.18, for a total value of $154,442.76. Following the completion of the transaction, the senior vice president now directly owns 9,556 shares of the company’s stock, valued at $708,864.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,655 shares of company stock valued at $691,104. 0.89% of the stock is owned by insiders.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 23rd. Investors of record on Thursday, May 26th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, May 25th. This represents a $1.20 annualized dividend and a yield of 1.23%. Xylem’s dividend payout ratio is presently 51.72%.

Xylem Company Profile

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Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.

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Earnings History and Estimates for Xylem (NYSE:XYL)

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