Xylem (NYSE:XYL) Releases FY 2024 Earnings Guidance

Xylem (NYSE:XYL) updated its FY 2024 earnings guidance on Saturday. The company provided earnings per share (EPS) guidance of 4.100-4.250 for the period, compared to the consensus 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.

Xylem Trading Down 0.2 %

Shares of XYL opened at $138.34 on Tuesday. The stock has a fifty day moving average price of $138.01 and a two-hundred day moving average price of $126.33. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.22 and a current ratio of 1.67. Xylem has a 52-week low of $87.59 and a 52-week high of $146.08. The company has a market cap of $33.54 billion, a price-to-earnings ratio of 49.23, a PEG ratio of 2.45 and a beta of 1.07.

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

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.44 annualized dividend and a dividend yield of 1.04%. Xylem’s dividend payout ratio (DPR) is currently 51.25%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Argus lifted their target price on Xylem from $146.00 to $165.00 and gave the company a buy rating in a research note on Wednesday, May 29th. TD Cowen lifted their target price on Xylem from $135.00 to $138.00 and gave the company a buy rating in a research note on Thursday, June 6th. Mizuho lifted their target price on Xylem from $110.00 to $135.00 and gave the company a neutral rating in a research note on Friday, May 3rd. Royal Bank of Canada lifted their price objective on Xylem from $157.00 to $162.00 and gave the stock an outperform rating in a research note on Friday, May 3rd. Finally, Citigroup lifted their price objective on Xylem from $126.00 to $139.00 and gave the stock a neutral rating in a research note on Monday, April 8th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $142.92.

Insider Buying and Selling at Xylem

In other Xylem news, SVP Rodney Aulick sold 21,800 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total value of $3,030,418.00. Following the completion of the transaction, the senior vice president now directly owns 76,287 shares of the company’s stock, valued at $10,604,655.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Rodney Aulick sold 21,800 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total value of $3,030,418.00. Following the sale, the senior vice president now directly owns 76,287 shares in the company, valued at $10,604,655.87. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were 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 owns 3,536 shares in the company, valued at $490,195.68. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

About Xylem

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.