Xylem (NYSE:XYL) Updates FY24 Earnings Guidance

Xylem (NYSE:XYLGet Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $4.10-4.25 for the period, compared to the consensus earnings per share estimate of $4.21. The company issued revenue guidance of $8.5 billion, compared to the consensus revenue estimate of $8.56 billion.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Argus lifted their price objective on shares of Xylem from $146.00 to $165.00 and gave the company a buy rating in a research note on Wednesday. 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 report on Friday, May 3rd. Robert W. Baird boosted their price objective on shares of Xylem from $151.00 to $155.00 and gave the stock an outperform rating in a report on Friday, May 3rd. BNP Paribas assumed coverage on shares of Xylem in a report on Tuesday, March 12th. They set an outperform rating and a $150.00 price objective on the stock. Finally, Stifel Nicolaus boosted their price objective on shares of Xylem from $136.00 to $150.00 and gave the stock a buy rating in a report on Wednesday, February 7th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $142.91.

Check Out Our Latest Analysis on XYL

Xylem Price Performance

Shares of XYL stock opened at $139.41 on Friday. Xylem has a 1 year low of $87.59 and a 1 year high of $146.08. The firm’s 50 day moving average is $134.39 and its 200-day moving average is $121.74. The firm has a market capitalization of $33.80 billion, a price-to-earnings ratio of 49.61, a PEG ratio of 2.57 and a beta of 1.08. The company has a current ratio of 1.67, a quick ratio of 1.22 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYLGet Free Report) last issued its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.84 by $0.06. Xylem had a net margin of 8.34% and a return on equity of 8.95%. 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 prior year, the firm earned $0.72 earnings per share. The business’s quarterly revenue was up 40.4% on a year-over-year basis. Sell-side analysts forecast that Xylem will post 4.24 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, May 30th. Xylem’s dividend payout ratio is 51.25%.

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.

Further Reading

Earnings History and Estimates for Xylem (NYSE:XYL)

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