Xylem (NYSE:XYL) Releases FY 2024 Earnings Guidance

Xylem (NYSE:XYL) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 4.220-4.240 for the period, compared to the consensus earnings per share estimate of 4.260. The company issued revenue guidance of $8.5 billion-$8.5 billion, compared to the consensus revenue estimate of $8.6 billion. Xylem also updated its FY24 guidance to $4.22-$4.24 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus upped their price target on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. UBS Group assumed coverage on shares of Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price on the stock. TD Cowen restated a “hold” rating and issued a $138.00 price target on shares of Xylem in a research report on Tuesday, September 3rd. Royal Bank of Canada lowered their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Robert W. Baird reduced their target price on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.25.

Xylem Stock Down 1.9 %

Shares of NYSE XYL traded down $2.32 during mid-day trading on Friday, reaching $119.46. 1,925,015 shares of the company traded hands, compared to its average volume of 981,687. The company’s fifty day moving average is $132.78 and its two-hundred day moving average is $135.13. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.96. Xylem has a fifty-two week low of $93.86 and a fifty-two week high of $146.08. The stock has a market cap of $29.02 billion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the business posted $0.99 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. On average, analysts expect that Xylem will post 4.26 earnings per share for the current year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were paid a $0.36 dividend. The ex-dividend date was Thursday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 1.21%. Xylem’s payout ratio is 42.11%.

Xylem Company Profile

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.