Analysts expect Xylem Inc (NYSE:XYL) to post $1.18 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Xylem’s earnings, with estimates ranging from $1.15 billion to $1.22 billion. Xylem reported sales of $1.07 billion in the same quarter last year, which would suggest a positive year over year growth rate of 10.3%. The company is scheduled to announce its next earnings report on Tuesday, May 1st.
On average, analysts expect that Xylem will report full-year sales of $1.18 billion for the current year, with estimates ranging from $4.97 billion to $5.25 billion. For the next financial year, analysts anticipate that the business will post sales of $5.40 billion per share, with estimates ranging from $5.19 billion to $5.54 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Xylem.
Xylem (NYSE:XYL) last posted its earnings results on Thursday, February 1st. The industrial products company reported $0.76 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.76. Xylem had a return on equity of 17.95% and a net margin of 7.03%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the business earned $0.66 earnings per share. Xylem’s quarterly revenue was up 16.6% compared to the same quarter last year.
Shares of Xylem (XYL) traded up $0.03 during trading hours on Wednesday, hitting $75.78. The stock had a trading volume of 232,499 shares, compared to its average volume of 1,061,480. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.88 and a quick ratio of 1.41. Xylem has a twelve month low of $47.37 and a twelve month high of $76.81. The stock has a market capitalization of $13,640.00, a P/E ratio of 36.50, a P/E/G ratio of 1.46 and a beta of 1.20.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 15th will be paid a $0.21 dividend. This is a positive change from Xylem’s previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, February 14th. Xylem’s dividend payout ratio is presently 40.38%.
In related news, Director Steven R. Loranger sold 17,139 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $68.10, for a total value of $1,167,165.90. Following the completion of the transaction, the director now directly owns 26,150 shares in the company, valued at $1,780,815. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tomas Brannemo sold 1,151 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $76.41, for a total value of $87,947.91. The disclosure for this sale can be found here. Insiders sold 76,896 shares of company stock valued at $5,276,812 over the last quarter. Insiders own 0.75% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Xylem by 16.0% during the fourth quarter. BlackRock Inc. now owns 14,130,060 shares of the industrial products company’s stock worth $963,668,000 after acquiring an additional 1,949,335 shares during the last quarter. Eaton Vance Management boosted its position in shares of Xylem by 5,143.0% in the fourth quarter. Eaton Vance Management now owns 772,562 shares of the industrial products company’s stock worth $52,688,000 after buying an additional 757,827 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Xylem by 31.6% in the third quarter. Bank of New York Mellon Corp now owns 2,027,810 shares of the industrial products company’s stock worth $127,002,000 after buying an additional 487,360 shares during the period. Amundi Pioneer Asset Management Inc. boosted its holdings in Xylem by 180.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 734,057 shares of the industrial products company’s stock valued at $50,063,000 after purchasing an additional 472,188 shares during the last quarter. Finally, TD Asset Management Inc. boosted its holdings in Xylem by 47.7% in the third quarter. TD Asset Management Inc. now owns 1,222,128 shares of the industrial products company’s stock valued at $76,542,000 after purchasing an additional 394,814 shares during the last quarter. Hedge funds and other institutional investors own 85.14% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Xylem Inc (XYL) Expected to Post Quarterly Sales of $1.18 Billion” was first reported by Ticker Report and is the property of of Ticker Report. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3228297/xylem-inc-xyl-expected-to-post-quarterly-sales-of-1-18-billion.html.
Xylem Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Xylem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem and related companies with MarketBeat.com's FREE daily email newsletter.