Xylem (XYL) Releases FY 2019 Earnings Guidance

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Xylem (NYSE:XYL) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.20-3.40 for the period, compared to the Thomson Reuters consensus estimate of $3.35. The company issued revenue guidance of $5.3-5.4 billion, compared to the consensus revenue estimate of $5.43 billion.Xylem also updated its guidance to EPS.

NYSE:XYL traded down $0.73 during trading hours on Thursday, reaching $71.26. The company had a trading volume of 1,672,800 shares, compared to its average volume of 1,007,757. Xylem has a one year low of $60.65 and a one year high of $82.44. The stock has a market capitalization of $12.67 billion, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 1.20 and a beta of 1.25. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.49 and a quick ratio of 1.07.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.77. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Xylem had a return on equity of 19.54% and a net margin of 7.75%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 earnings per share. Research analysts expect that Xylem will post 2.89 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Thursday, February 14th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.35%. This is a positive change from Xylem’s previous quarterly dividend of $0.21. Xylem’s payout ratio is currently 35.00%.

A number of equities analysts have commented on XYL shares. Royal Bank of Canada reissued a buy rating and issued a $77.00 price objective on shares of Xylem in a research note on Wednesday, October 31st. Zacks Investment Research lowered Xylem from a hold rating to a sell rating in a research note on Saturday, January 12th. ValuEngine lowered Xylem from a buy rating to a hold rating in a research note on Wednesday, October 31st. Boenning Scattergood reissued a buy rating and issued a $82.00 price objective on shares of Xylem in a research note on Monday, November 19th. Finally, Berenberg Bank started coverage on Xylem in a research note on Wednesday, October 3rd. They issued a sell rating and a $65.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $78.64.

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Xylem Company Profile

Xylem Inc engages in the design, manufacture, and service of engineered solutions for the water and wastewater applications. It operates through three segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps, and controls and systems, as well as filtration, disinfection, and biological treatment equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation, treatment, and testing of water and wastewater applications.

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Earnings History and Estimates for Xylem (NYSE:XYL)

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