Xylem (XYL) Releases Quarterly Earnings Results

Share on StockTwits

Xylem (NYSE:XYL) issued its quarterly earnings data on Tuesday. The company reported $0.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.02, AmericanBankingNews.com reports. The company had revenue of $906.00 million for the quarter, compared to the consensus estimate of $888.90 million. During the same quarter last year, the company posted $0.27 earnings per share. Xylem’s revenue was up 3.1% compared to the same quarter last year. Xylem updated its FY14 guidance to $1.85-2.00 EPS.

Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus upgraded shares of Xylem from a “hold” rating to a “buy” rating in a research note on Wednesday. They now have a $42.00 price target on the stock. On a related note, analysts at Wedbush upgraded shares of Xylem from a “neutral” rating to an “outperform” rating in a research note on Wednesday. Finally, analysts at Zacks downgraded shares of Xylem from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 17th. They now have a $37.00 price target on the stock. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Xylem has an average rating of “Buy” and an average target price of $38.42.

Shares of Xylem (NYSE:XYL) traded up 2.20% on Wednesday, hitting $37.24. The stock had a trading volume of 627,768 shares. Xylem has a 52-week low of $23.61 and a 52-week high of $39.79. The stock’s 50-day moving average is $36.24 and its 200-day moving average is $34.94. The company has a market cap of $6.878 billion and a price-to-earnings ratio of 29.87.

Xylem Inc (NYSE:XYL), formerly ITT WCO, Inc, is a provider of equipment and service for water and wastewater applications with a portfolio of products and services addressing the full cycle of water, from collection, distribution and use to the return of water to the environment.

Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

Latest News

HSBC Reiterates “Overweight” Rating for Betfair Group
HSBC Reiterates “Overweight” Rating for Betfair Group
SPX Receives New Coverage from Analysts at Jefferies Group
SPX Receives New Coverage from Analysts at Jefferies Group
Pembina Pipeline Corp Downgraded by Zacks to “Neutral”
Pembina Pipeline Corp Downgraded by Zacks to “Neutral”
The Kroger VP Lynn Marmer Unloads 6,098 Shares
The Kroger VP Lynn Marmer Unloads 6,098 Shares
Vernalis plc Now Covered by Analysts at RX Securities
Vernalis plc Now Covered by Analysts at RX Securities
Tripadvisor Upgraded to Outperform at Zacks
Tripadvisor Upgraded to Outperform at Zacks


Leave a Reply

 
© 2006-2014 Mideast Time.