Xylem (NYSE:XYL) Releases Earnings Results, Misses Estimates By $0.01 EPS

Key Points

• Xylem reported quarterly EPS of $1.44, missing the $1.45 consensus estimate by $0.01. Revenue came in at $2.20 billion, below analysts’ $2.28 billion forecast.
• The company paid a quarterly dividend of $0.43 per share, equivalent to an annualized $1.72 dividend and a 1.6% yield.
• Analyst sentiment remains a “Moderate Buy”, with eight Buy and eight Hold ratings and an average price target of $140.85, compared with the stock’s reported price of $108.28.

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

Xylem Price Performance

NYSE:XYL opened at $108.28 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.61 and a quick ratio of 1.24. Xylem has a one year low of $98.58 and a one year high of $154.27. The company has a fifty day moving average price of $106.98 and a 200 day moving average price of $118.54. The stock has a market cap of $25.28 billion, a P/E ratio of 25.78, a PEG ratio of 1.75 and a beta of 1.00.

Xylem Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of Xylem from $163.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. Barclays decreased their price target on shares of Xylem from $159.00 to $139.00 and set an "overweight" rating for the company in a report on Tuesday, October 13th. Jefferies Financial Group raised their price target on Xylem from $145.00 to $150.00 and gave the company a "buy" rating in a research report on Monday, August 24th. Mizuho lowered their price target on Xylem from $130.00 to $110.00 and set a "neutral" rating on the stock in a research report on Thursday, October 15th. Finally, Stifel Nicolaus set a $141.00 price objective on Xylem in a research note on Monday, October 19th. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $140.85.

Xylem Company Profile

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.

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