Xylem Inc (XYL) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.35 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.34. The company posted revenue of $847.00 million in the period, compared to analysts expectations of $832.92 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.
Many Wall Street Analysts have commented on Xylem Inc. Wedbush Downgraded Xylem Inc on Apr 11, 2016 to ” Neutral”, Price Target of the shares are set at $41.Xylem Inc was Upgraded by Sterne Agee CRT to ” Buy” on Apr 5, 2016. Xylem Inc was Downgraded by Stifel to ” Hold” on Mar 21, 2016.
Xylem Inc opened for trading at $41.85 and hit $42.48 on the upside on Monday, eventually ending the session at $42.25, with a gain of 1.12% or 0.47 points. The heightened volatility saw the trading volume jump to 17,27,740 shares. Company has a market cap of $7,541 M.
In a different news, on Mar 10, 2016, Tomas Brannemo (Senior Vice President) sold 7,964 shares at $38.02 per share price. According to the SEC, on Nov 13, 2015, Markos I Tambakeras (director) sold 2,025 shares at $36.73 per share price. On Nov 6, 2015, Steven R Loranger (director) sold 165,690 shares at $36.67 per share price, according to the Form-4 filing with the securities and exchange commission.
Xylem Inc. is engaged in the design manufacturing and application of engineered technologies for the water industry. The Company 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. The Company is an equipment and service provider in various application areas of the water equipment industry: transport treatment test building services industrial processing and irrigation. The Company’s water market brands such as Bell & Gossett and Flygt. The Company sells its products in more than 150 countries through a distribution network consisting of direct sales force and independent channel partners. The Company has two business segments: Water Infrastructure (collection distribution and return) and Applied Water (usage).