Xylem (NYSE:XYL) announced its earnings results on Thursday. The industrial products company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.01, MarketWatch Earnings reports. Xylem had a net margin of 5.09% and a return on equity of 14.72%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Xylem updated its Q3 2020
Pre-Market guidance to EPS.
Xylem stock traded down $1.69 during mid-day trading on Friday, reaching $72.98. 1,391,978 shares of the company’s stock traded hands, compared to its average volume of 1,124,764. The company has a market cap of $13.13 billion, a price-to-earnings ratio of 52.50, a PEG ratio of 3.83 and a beta of 1.03. The stock has a 50 day moving average of $68.30 and a two-hundred day moving average of $71.87. The company has a quick ratio of 1.19, a current ratio of 2.40 and a debt-to-equity ratio of 1.06. Xylem has a 12-month low of $54.62 and a 12-month high of $89.34.
A number of equities analysts have weighed in on the stock. Janney Montgomery Scott upped their price target on shares of Xylem from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Robert W. Baird upped their price target on shares of Xylem from $71.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, June 19th. Jefferies Financial Group upped their price target on shares of Xylem from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, July 27th. Oppenheimer reiterated a “hold” rating on shares of Xylem in a research report on Thursday. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Xylem in a research report on Thursday, July 2nd. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $70.64.
Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.
Featured Story: How Do Front-End Loads Impact an Investment?
Receive News & Ratings for Xylem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem and related companies with MarketBeat.com's FREE daily email newsletter.