Xylem (NYSE:XYL) Issues FY 2024 Earnings Guidance

Xylem (NYSE:XYL - Get Free Report) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 4.100-4.250 for the period, compared to the consensus EPS estimate of 4.140. The company issued revenue guidance of $8.5 billion-$8.5 billion, compared to the consensus revenue estimate of $8.5 billion.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on XYL shares. Mizuho boosted their target price on shares of Xylem from $110.00 to $135.00 and gave the stock a neutral rating in a research note on Friday. Raymond James upgraded shares of Xylem from an underperform rating to a market perform rating in a report on Thursday, January 4th. Citigroup raised their target price on shares of Xylem from $126.00 to $139.00 and gave the stock a neutral rating in a research note on Monday, April 8th. Stifel Nicolaus upped their price target on Xylem from $136.00 to $150.00 and gave the company a buy rating in a research report on Wednesday, February 7th. Finally, BNP Paribas started coverage on Xylem in a research report on Tuesday, March 12th. They set an outperform rating and a $150.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $140.70.

Xylem Trading Up 0.9 %

Shares of XYL traded up $1.22 during trading on Friday, reaching $137.21. 1,400,873 shares of the company traded hands, compared to its average volume of 1,187,337. The stock has a 50-day simple moving average of $128.41 and a 200-day simple moving average of $114.89. The stock has a market cap of $33.26 billion, a PE ratio of 50.44, a price-to-earnings-growth ratio of 2.61 and a beta of 1.08. Xylem has a twelve month low of $87.59 and a twelve month high of $138.46. The company has a quick ratio of 1.30, a current ratio of 1.76 and a debt-to-equity ratio of 0.22.

Xylem (NYSE:XYL - Get Free Report) last posted its earnings results 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. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter last year, the firm earned $0.72 EPS. The firm's revenue for the quarter was up 40.4% on a year-over-year basis. On average, analysts anticipate that Xylem will post 4.13 earnings per share for the current year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were paid a $0.36 dividend. This is a positive change from Xylem's previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, February 20th. This represents a $1.44 annualized dividend and a dividend yield of 1.05%. Xylem's dividend payout ratio (DPR) is presently 52.94%.

Insider Activity at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the completion of the transaction, the chief accounting officer now owns 2,935 shares of the company's stock, valued at approximately $360,682.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Franz Cerwinka sold 2,408 shares of Xylem stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $121.79, for a total transaction of $293,270.32. Following the completion of the sale, the senior vice president now directly owns 11,750 shares of the company's stock, valued at approximately $1,431,032.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,935 shares in the company, valued at approximately $360,682.15. The disclosure for this sale can be found here. Company 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.