Xylem (NYSE:XYL) Releases FY 2024 Earnings Guidance

Xylem (NYSE:XYLGet Free Report) updated its FY 2024 earnings guidance on Saturday. The company provided earnings per share guidance of 4.100-4.250 for the period, compared to the consensus earnings per share estimate of 4.230. The company issued revenue guidance of $8.5 billion-$8.5 billion, compared to the consensus revenue estimate of $8.6 billion.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Citigroup increased their price objective on Xylem from $126.00 to $139.00 and gave the company a neutral rating in a research note on Monday, April 8th. Oppenheimer increased their price objective on Xylem from $147.00 to $152.00 and gave the company an outperform rating in a research note on Friday, May 31st. Royal Bank of Canada increased their price objective on Xylem from $157.00 to $162.00 and gave the company an outperform rating in a research note on Friday, May 3rd. TD Cowen increased their price objective on Xylem from $135.00 to $138.00 and gave the company a buy rating in a research note on Thursday, June 6th. Finally, Argus raised their price target on Xylem from $146.00 to $165.00 and gave the stock a buy rating in a research note on Wednesday, May 29th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $142.92.

Check Out Our Latest Research Report on XYL

Xylem Stock Performance

NYSE XYL opened at $138.34 on Tuesday. The firm has a market capitalization of $33.54 billion, a P/E ratio of 49.23, a P/E/G ratio of 2.45 and a beta of 1.07. Xylem has a 1-year low of $87.59 and a 1-year high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.67 and a quick ratio of 1.22. The business’s 50-day simple moving average is $138.01 and its 200-day simple moving average is $126.33.

Xylem (NYSE:XYLGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.06. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2 billion. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The company’s revenue was up 40.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. Equities analysts predict that Xylem will post 4.25 EPS for the current year.

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a dividend of $0.36 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.44 annualized dividend and a yield of 1.04%. Xylem’s dividend payout ratio is presently 51.25%.

Insiders Place Their Bets

In other Xylem news, SVP Rodney Aulick sold 21,800 shares of Xylem stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the sale, the senior vice president now directly owns 76,287 shares in the company, valued at approximately $10,604,655.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $138.63, for a total value of $315,799.14. Following the completion of the sale, the chief accounting officer now directly owns 3,536 shares in the company, valued at approximately $490,195.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Rodney Aulick sold 21,800 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total value of $3,030,418.00. Following the completion of the sale, the senior vice president now owns 76,287 shares of the company’s stock, valued at $10,604,655.87. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Xylem Company Profile

(Get Free Report)

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.

See Also

Earnings History and Estimates for Xylem (NYSE:XYL)

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