Xylem (NYSE:XYL) issued its earnings results on Thursday. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01, AnalystRatings.NET reports. During the same period last year, the business posted $0.53 EPS. The business earned $902 million during the quarter, compared to the consensus estimate of $897.80 million. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year.
Xylem (NYSE:XYL) opened at 36.2692 on Monday. The firm has a market cap of $6.51 billion and a P/E ratio of 20.5958. The company has a 50-day moving average price of $33.93 and a 200-day moving average price of $34.95. Xylem has a 1-year low of $29.90 and a 1-year high of $39.23.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 4th will be paid a $0.1408 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Monday, November 2nd.
Several brokerages have recently issued reports on XYL. Barclays increased their price target on shares of Xylem from $30.00 to $34.00 and gave the company an “equal weight” rating in a research report on Friday. Canaccord Genuity restated a “hold” rating and set a $38.00 target price on shares of Xylem in a report on Friday. Stifel Nicolaus lifted their price objective on shares of Xylem from $37.00 to $40.00 in a report on Friday. Oppenheimer reissued a “buy” rating and issued a $40.00 target price on shares of Xylem in a research note on Friday. Finally, RBC Capital reaffirmed a “sector perform” rating and set a $37.00 price objective on shares of Xylem in a research report on Monday, September 28th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $37.50.
Xylem Inc. is engaged in the design, manufacturing, and use of engineered technologies for the water industry. The Organization is an equipment and service provider for water and wastewater applications using a portfolio of goods and services addressing the cycle of water, from collection, distribution and use to the return of water to the surroundings. The Company is an equipment and service provider in various application areas of the water gear sector: transportation, treatment, evaluation, building services, industrial processing and irrigation. The Organization ‘s water market brands, for example Bell & Gossett and Flygt. The Organization sells its products in more than 150 countries via a distribution network consisting of direct sales force and independent channel partners. The Organization has two business segments: Water Infrastructure (NYSE:XYL) and Applied Water (use).
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