Xylem (NYSE:XYL) Issues Quarterly Earnings Results

Xylem (NYSE:XYL) announced its quarterly earnings data on Tuesday. The industrial products company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.01), FiscalAI reports. Xylem had a return on equity of 11.77% and a net margin of 11.15%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.28 billion.

Xylem Stock Down 0.4%

NYSE XYL opened at $108.28 on Tuesday. Xylem has a 1-year low of $98.58 and a 1-year high of $154.27. The company has a market capitalization of $25.28 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 1.75 and a beta of 1.00. The stock’s 50 day moving average is $106.98 and its two-hundred day moving average is $118.54. The company has a current ratio of 1.61, a quick ratio of 1.24 and a debt-to-equity ratio of 0.23.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, August 27th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, August 27th. Xylem’s payout ratio is presently 40.95%.

Analyst Ratings Changes

XYL has been the topic of a number of research reports. Stifel Nicolaus set a $141.00 price objective on Xylem in a research report on Monday, October 19th. Jefferies Financial Group upped their target price on Xylem from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, August 24th. Mizuho lowered their price target on shares of Xylem from $130.00 to $110.00 and set a “neutral” rating on the stock in a report on Thursday, October 15th. UBS Group lowered their price target on shares of Xylem from $138.00 to $112.00 and set a “neutral” rating on the stock in a report on Monday, October 5th. Finally, Barclays dropped their price objective on shares of Xylem from $159.00 to $139.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Xylem currently has an average rating of “Moderate Buy” and an average price target of $140.85.

About Xylem

Xylem Inc (NYSE: XYL) is a global water technology company that develops products and services for the transportation, treatment, testing and efficient use of water and wastewater. Its offerings support municipal water and wastewater utilities, industrial customers, commercial facilities and residential applications.

The company’s products and solutions include water and wastewater pumps, treatment systems, dewatering equipment, smart meters, monitoring and control technologies, leak detection tools, and data-driven analytics.