FY2024 Earnings Estimate for Xylem Issued By Seaport Res Ptn

Xylem Inc. (NYSE:XYL) – Analysts at Seaport Res Ptn lowered their FY2024 earnings per share estimates for shares of Xylem in a research report issued to clients and investors on Monday, November 4th. Seaport Res Ptn analyst S. Graham now forecasts that the industrial products company will post earnings per share of $4.23 for the year, down from their previous estimate of $4.25. The consensus estimate for Xylem’s current full-year earnings is $4.23 per share. Seaport Res Ptn also issued estimates for Xylem’s Q1 2025 earnings at $0.97 EPS, Q2 2025 earnings at $1.19 EPS, Q3 2025 earnings at $1.21 EPS, Q4 2025 earnings at $1.29 EPS, Q1 2026 earnings at $1.10 EPS, Q2 2026 earnings at $1.33 EPS, Q3 2026 earnings at $1.33 EPS and FY2026 earnings at $5.15 EPS.

Several other research firms have also recently commented on XYL. UBS Group assumed coverage on shares of Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective on the stock. TD Cowen restated a “hold” rating and issued a $138.00 price target on shares of Xylem in a report on Tuesday, September 3rd. Robert W. Baird decreased their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Royal Bank of Canada cut their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Stifel Nicolaus lifted their price objective on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.25.

Xylem Stock Performance

Shares of XYL opened at $122.28 on Tuesday. The firm has a market cap of $29.71 billion, a P/E ratio of 35.75, a PEG ratio of 2.12 and a beta of 1.05. Xylem has a twelve month low of $95.35 and a twelve month high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. The firm’s 50 day moving average price is $132.48 and its two-hundred day moving average price is $135.20.

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting analysts’ consensus estimates of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the firm posted $0.99 earnings per share. Xylem’s revenue was up .2% compared to the same quarter last year.

Institutional Trading of Xylem

A number of hedge funds have recently made changes to their positions in the business. MQS Management LLC bought a new stake in Xylem in the 3rd quarter valued at $617,000. RPG Investment Advisory LLC raised its position in shares of Xylem by 1.8% in the third quarter. RPG Investment Advisory LLC now owns 107,846 shares of the industrial products company’s stock valued at $14,562,000 after purchasing an additional 1,885 shares during the period. Victory Capital Management Inc. raised its position in shares of Xylem by 9.3% in the third quarter. Victory Capital Management Inc. now owns 1,627,279 shares of the industrial products company’s stock valued at $219,731,000 after purchasing an additional 137,883 shares during the period. Prime Capital Investment Advisors LLC lifted its stake in shares of Xylem by 16.4% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,013 shares of the industrial products company’s stock worth $272,000 after buying an additional 284 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Xylem by 1.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 559,111 shares of the industrial products company’s stock worth $75,497,000 after buying an additional 7,793 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were issued a $0.36 dividend. The ex-dividend date was Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.18%. Xylem’s payout ratio is 42.11%.

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.