Xylem (NYSE:XYL) Issues Earnings Results

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.

In related news, SVP Colin R. Sabol sold 2,066 shares of the company’s stock in a transaction on Wednesday, July 15th. The shares were sold at an average price of $75.00, for a total transaction of $154,950.00. Following the sale, the senior vice president now owns 31,185 shares of the company’s stock, valued at $2,338,875. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.01% of the stock is owned by corporate insiders.

About Xylem

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.

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Earnings History for Xylem (NYSE:XYL)

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