Xylem (XYL) Receiving Somewhat Favorable News Coverage, Study Shows
News stories about Xylem (NYSE:XYL) have been trending somewhat positive on Saturday, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Xylem earned a news impact score of 0.18 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 46.9822153401045 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Xylem’s (XYL) “Buy” Rating Reiterated at Seaport Global Securities (americanbankingnews.com)
- Xylem Inc. (XYL) to Post FY2019 Earnings of $3.10 Per Share, Gabelli Forecasts (americanbankingnews.com)
- Xylem (XYL) Tops Q3 Earnings Estimates, Raises 2017 EPS View – Nasdaq (nasdaq.com)
- Xylem Inc. reports strong revenue, orders and earnings growth in third quarter 2017 – Business Wire (press release) (businesswire.com)
- Xylem, Inc. : XYL-US: Dividend Analysis : November 02nd, 2017 (record date) : By the numbers : November 2, 2017 (finance.yahoo.com)
XYL has been the subject of a number of recent analyst reports. Seaport Global Securities reissued a “buy” rating on shares of Xylem in a research report on Wednesday. BMO Capital Markets raised their price target on shares of Xylem from $74.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday. Oppenheimer Holdings, Inc. raised their price target on shares of Xylem from $66.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday. Canaccord Genuity reissued a “hold” rating and set a $65.00 price target on shares of Xylem in a research report on Wednesday. Finally, Stifel Nicolaus reissued a “hold” rating and set a $63.00 price target on shares of Xylem in a research report on Friday, October 13th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $65.17.
Xylem (XYL) traded up $0.42 during mid-day trading on Friday, reaching $66.57. The company’s stock had a trading volume of 616,564 shares, compared to its average volume of 997,936. The company has a quick ratio of 1.17, a current ratio of 1.76 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $12,043.98, a P/E ratio of 29.28, a PEG ratio of 1.87 and a beta of 1.16.
Xylem (NYSE:XYL) last posted its earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Xylem had a return on equity of 17.74% and a net margin of 6.85%. The firm’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same period last year, the business posted $0.54 earnings per share. equities analysts forecast that Xylem will post 2.39 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Thursday, November 2nd will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Wednesday, November 1st. Xylem’s payout ratio is 41.86%.
In related news, insider Kenneth Napolitano sold 9,052 shares of Xylem stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total transaction of $544,568.32. Following the sale, the insider now directly owns 35,303 shares in the company, valued at $2,123,828.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.75% of the stock is owned by insiders.
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Xylem Company Profile
Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.
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