$1.34 Billion in Sales Expected for Xylem Inc (NYSE:XYL) This Quarter

Equities analysts expect Xylem Inc (NYSE:XYL) to report $1.34 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Xylem’s earnings, with estimates ranging from $1.31 billion to $1.38 billion. Xylem posted sales of $1.29 billion during the same quarter last year, which suggests a positive year over year growth rate of 3.9%. The firm is scheduled to report its next quarterly earnings report on Tuesday, October 29th.

According to Zacks, analysts expect that Xylem will report full-year sales of $5.35 billion for the current fiscal year, with estimates ranging from $5.33 billion to $5.37 billion. For the next financial year, analysts expect that the business will post sales of $5.65 billion, with estimates ranging from $5.61 billion to $5.72 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Xylem.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.79 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.79. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.35 billion. Xylem had a return on equity of 19.23% and a net margin of 10.90%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.73 earnings per share.

Several research analysts recently commented on the company. Stifel Nicolaus dropped their price target on Xylem from $93.00 to $89.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Cowen lowered Xylem from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $75.00 to $72.00 in a research report on Tuesday, May 14th. ValuEngine lowered Xylem from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded Xylem from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. Finally, Janney Montgomery Scott upgraded Xylem from a “neutral” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $79.69.

XYL traded down $0.97 on Friday, hitting $74.85. The company had a trading volume of 24,832 shares, compared to its average volume of 790,241. The firm has a market cap of $13.64 billion, a P/E ratio of 25.96, a PEG ratio of 1.48 and a beta of 1.19. Xylem has a 12-month low of $60.65 and a 12-month high of $85.39. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.08 and a current ratio of 1.47. The company’s fifty day moving average is $81.35.

In other Xylem news, SVP Claudia S. Toussaint sold 2,344 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $78.53, for a total transaction of $184,074.32. Following the completion of the transaction, the senior vice president now owns 43,761 shares in the company, valued at $3,436,551.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kenneth Napolitano sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $75.13, for a total value of $375,650.00. Following the transaction, the insider now owns 46,228 shares of the company’s stock, valued at approximately $3,473,109.64. The disclosure for this sale can be found here. Insiders have sold 39,318 shares of company stock valued at $3,127,494 in the last 90 days. Company insiders own 0.85% of the company’s stock.

Several large investors have recently made changes to their positions in XYL. Sandy Spring Bank raised its stake in Xylem by 101.2% in the first quarter. Sandy Spring Bank now owns 338 shares of the industrial products company’s stock worth $27,000 after buying an additional 170 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in Xylem in the first quarter worth approximately $28,000. Meridian Wealth Management LLC bought a new position in Xylem in the first quarter worth approximately $30,000. FinTrust Capital Advisors LLC raised its stake in Xylem by 1,530.4% in the second quarter. FinTrust Capital Advisors LLC now owns 375 shares of the industrial products company’s stock worth $31,000 after buying an additional 352 shares in the last quarter. Finally, Private Ocean LLC bought a new position in Xylem in the second quarter worth approximately $33,000. Institutional investors and hedge funds own 85.35% of the company’s stock.

Xylem Company Profile

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

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Earnings History and Estimates for Xylem (NYSE:XYL)

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