Xylem (XYL) Scheduled to Post Earnings on Thursday

Xylem (NYSE:XYL) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Xylem to post earnings of $0.84 per share for the quarter. Xylem has set its FY 2024 guidance at 4.000-4.200 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.03. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. On average, analysts expect Xylem to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Xylem Stock Performance

XYL opened at $130.67 on Thursday. Xylem has a 52-week low of $87.59 and a 52-week high of $132.23. The company has a quick ratio of 1.30, a current ratio of 1.76 and a debt-to-equity ratio of 0.22. The company has a market cap of $31.67 billion, a P/E ratio of 48.04, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10. The firm’s 50-day moving average price is $127.30 and its 200-day moving average price is $113.22.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 21st were given a $0.36 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $1.44 dividend on an annualized basis and a yield of 1.10%. This is a positive change from Xylem’s previous quarterly dividend of $0.33. Xylem’s dividend payout ratio is currently 52.94%.

Insider Transactions at Xylem

In other news, SVP Franz Cerwinka sold 2,408 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $121.79, for a total transaction of $293,270.32. Following the sale, the senior vice president now owns 11,750 shares of the company’s stock, valued at approximately $1,431,032.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Xylem news, SVP Franz Cerwinka sold 2,408 shares of Xylem stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $121.79, for a total transaction of $293,270.32. Following the transaction, the senior vice president now owns 11,750 shares of the company’s stock, valued at $1,431,032.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total value of $122,890.00. Following the sale, the chief accounting officer now owns 2,935 shares of the company’s stock, valued at approximately $360,682.15. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on XYL shares. Raymond James upgraded Xylem from an “underperform” rating to a “market perform” rating in a research report on Thursday, January 4th. Robert W. Baird increased their price objective on Xylem from $141.00 to $148.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. Royal Bank of Canada raised their target price on Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. BNP Paribas assumed coverage on Xylem in a report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 price target for the company. Finally, Citigroup increased their price target on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $138.11.

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.