Xylem Inc. (NYSE:XYL) – Seaport Global Securities reduced their Q1 2018 earnings per share estimates for Xylem in a research note issued on Wednesday, April 11th, according to Zacks Investment Research. Seaport Global Securities analyst W. Liptak now expects that the industrial products company will post earnings of $0.50 per share for the quarter, down from their prior forecast of $0.51. Seaport Global Securities currently has a “Buy” rating and a $83.00 price target on the stock. Seaport Global Securities also issued estimates for Xylem’s Q3 2018 earnings at $0.77 EPS.
XYL has been the subject of several other reports. Zacks Investment Research upgraded shares of Xylem from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Tuesday, March 20th. ValuEngine upgraded shares of Xylem from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Royal Bank of Canada reiterated a “buy” rating and set a $80.00 price objective on shares of Xylem in a research report on Thursday, January 4th. BMO Capital Markets reissued a “buy” rating and set a $83.00 target price on shares of Xylem in a research note on Friday, January 26th. Finally, Oppenheimer raised their price objective on shares of Xylem to $82.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Xylem currently has a consensus rating of “Buy” and an average price target of $74.00.
Shares of NYSE XYL opened at $79.27 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.88 and a debt-to-equity ratio of 0.87. Xylem has a 52-week low of $49.71 and a 52-week high of $79.83. The company has a market capitalization of $14,166.57, a price-to-earnings ratio of 33.03, a price-to-earnings-growth ratio of 1.52 and a beta of 1.10.
Xylem (NYSE:XYL) last announced its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.76. Xylem had a net margin of 7.03% and a return on equity of 17.95%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the company posted $0.66 EPS. The company’s revenue was up 16.6% on a year-over-year basis.
In other news, Director Curtis J. Crawford sold 7,948 shares of Xylem stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $71.77, for a total value of $570,427.96. Following the completion of the transaction, the director now owns 55,245 shares in the company, valued at $3,964,933.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tomas Brannemo sold 11,716 shares of Xylem stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $73.45, for a total transaction of $860,540.20. The disclosure for this sale can be found here. Insiders have sold 21,105 shares of company stock valued at $1,540,907 in the last 90 days. 0.81% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Greenleaf Trust increased its stake in shares of Xylem by 97.4% in the fourth quarter. Greenleaf Trust now owns 1,490 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 735 shares in the last quarter. Barings LLC increased its stake in shares of Xylem by 16.5% in the fourth quarter. Barings LLC now owns 5,656 shares of the industrial products company’s stock worth $386,000 after purchasing an additional 800 shares in the last quarter. Putnam FL Investment Management Co. increased its stake in shares of Xylem by 0.7% in the fourth quarter. Putnam FL Investment Management Co. now owns 120,448 shares of the industrial products company’s stock worth $8,215,000 after purchasing an additional 856 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Xylem by 5.5% in the fourth quarter. Jane Street Group LLC now owns 16,656 shares of the industrial products company’s stock worth $1,136,000 after purchasing an additional 868 shares in the last quarter. Finally, Bfsg LLC increased its stake in shares of Xylem by 23.6% in the fourth quarter. Bfsg LLC now owns 4,761 shares of the industrial products company’s stock worth $325,000 after purchasing an additional 908 shares in the last quarter. Hedge funds and other institutional investors own 86.02% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Seaport Global Securities Weighs in on Xylem Inc.’s Q1 2018 Earnings (NYSE:XYL)” was originally reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://www.thelincolnianonline.com/2018/04/22/brokers-offer-predictions-for-xylem-inc-s-q1-2018-earnings-xyl.html.
Xylem Company Profile
Xylem Inc engages in the design, manufacture, and service of engineered solutions for the water and wastewater applications. It operates through three segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps, and controls and systems, as well as filtration, disinfection, and biological treatment equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation, treatment, and testing of water and wastewater applications.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.