Research Analysts Issue Forecasts for Xylem Inc.’s Q2 2024 Earnings (NYSE:XYL)

Xylem Inc. (NYSE:XYL) – Stock analysts at Seaport Res Ptn lifted their Q2 2024 earnings per share estimates for shares of Xylem in a research note issued on Tuesday, May 7th. Seaport Res Ptn analyst S. Graham now forecasts that the industrial products company will post earnings of $1.09 per share for the quarter, up from their previous estimate of $0.98. The consensus estimate for Xylem’s current full-year earnings is $4.24 per share. Seaport Res Ptn also issued estimates for Xylem’s Q4 2024 earnings at $1.13 EPS, Q2 2025 earnings at $1.19 EPS, Q3 2025 earnings at $1.21 EPS and Q4 2025 earnings at $1.23 EPS.

XYL has been the topic of a number of other reports. BNP Paribas initiated coverage on Xylem in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price objective on the stock. Royal Bank of Canada boosted their price target on Xylem from $157.00 to $162.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Stifel Nicolaus lifted their price objective on shares of Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Robert W. Baird boosted their target price on shares of Xylem from $151.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Finally, Mizuho raised their price target on shares of Xylem from $110.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $140.70.

Xylem Stock Performance

Shares of XYL opened at $141.20 on Thursday. The company has a current ratio of 1.67, a quick ratio of 1.22 and a debt-to-equity ratio of 0.19. The firm’s fifty day simple moving average is $129.51 and its two-hundred day simple moving average is $116.38. Xylem has a 12 month low of $87.59 and a 12 month high of $141.30. The stock has a market capitalization of $34.23 billion, a P/E ratio of 50.25, a price-to-earnings-growth ratio of 2.59 and a beta of 1.08.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2 billion. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The firm’s quarterly revenue was up 40.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 earnings per share.

Hedge Funds Weigh In On Xylem

A number of hedge funds have recently bought and sold shares of XYL. Kornitzer Capital Management Inc. KS boosted its holdings in Xylem by 9.0% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 109,882 shares of the industrial products company’s stock worth $12,566,000 after purchasing an additional 9,114 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Xylem by 10,296.7% during the 4th quarter. International Assets Investment Management LLC now owns 63,004 shares of the industrial products company’s stock worth $7,205,000 after purchasing an additional 62,398 shares during the period. ING Groep NV purchased a new position in shares of Xylem in the 3rd quarter worth about $2,752,000. Meiji Yasuda Asset Management Co Ltd. grew its position in Xylem by 6.6% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 39,266 shares of the industrial products company’s stock valued at $3,574,000 after buying an additional 2,438 shares during the period. Finally, SG Americas Securities LLC increased its holdings in Xylem by 351.2% during the fourth quarter. SG Americas Securities LLC now owns 101,408 shares of the industrial products company’s stock worth $11,597,000 after buying an additional 78,934 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business’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 transaction of $122,890.00. Following the completion of the sale, the chief accounting officer now directly 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 the SEC website. 0.27% of the stock is currently owned by company insiders.

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.