Xylem (NYSE:XYL) Updates FY 2024 Earnings Guidance

Xylem (NYSE:XYL) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 4.220-4.240 for the period, compared to the consensus EPS 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.

Analyst Ratings Changes

Several research analysts have recently issued reports on XYL shares. UBS Group began coverage on Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target for the company. TD Cowen restated a “hold” rating and set a $138.00 target price on shares of Xylem in a research report on Tuesday, September 3rd. Royal Bank of Canada lifted their target price on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Stifel Nicolaus lifted their target price on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Robert W. Baird boosted their price target on Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $149.67.

Xylem Stock Up 0.3 %

Shares of NYSE XYL opened at $130.22 on Thursday. The company has a market capitalization of $31.63 billion, a price-to-earnings ratio of 41.21, a price-to-earnings-growth ratio of 2.30 and a beta of 1.04. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.33. The business has a 50-day moving average of $133.41 and a two-hundred day moving average of $135.28. Xylem has a 1 year low of $91.42 and a 1 year high of $146.08.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the company earned $0.98 EPS. Xylem’s revenue was up 26.0% on a year-over-year basis. On average, analysts forecast that Xylem will post 4.26 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is 45.57%.

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.