Xylem (XYL) Releases Quarterly Earnings Results

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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.

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