FY2024 Earnings Forecast for Xylem Issued By Seaport Res Ptn

Xylem Inc. (NYSE:XYL - Free Report) - Equities researchers at Seaport Res Ptn lowered their FY2024 EPS estimates for Xylem in a report issued on Monday, November 4th. Seaport Res Ptn analyst S. Graham now expects that the industrial products company will post earnings of $4.23 per share for the year, down from their prior 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.

A number of other equities analysts also recently issued reports on XYL. Stifel Nicolaus increased their price target on shares of Xylem from $170.00 to $172.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. TD Cowen reissued a "hold" rating and issued a $138.00 target price on shares of Xylem in a research report on Tuesday, September 3rd. Robert W. Baird dropped their price target on Xylem from $175.00 to $154.00 and set an "outperform" rating on the stock in a research report on Friday. UBS Group assumed coverage on Xylem in a report on Tuesday, August 13th. They issued a "buy" rating and a $165.00 price objective for the company. Finally, Royal Bank of Canada dropped their target price on shares of Xylem from $163.00 to $162.00 and set an "outperform" rating on the stock in a report on Friday. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Xylem has an average rating of "Moderate Buy" and a consensus target price of $148.25.

Xylem Trading Up 1.2 %

NYSE:XYL traded up $1.44 during trading hours on Tuesday, hitting $122.28. The company had a trading volume of 1,084,981 shares, compared to its average volume of 1,189,266. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. Xylem has a 52 week low of $95.35 and a 52 week high of $146.08. The company has a market capitalization of $29.71 billion, a PE ratio of 35.48, a price-to-earnings-growth ratio of 2.12 and a beta of 1.05. The stock has a 50-day moving average price of $132.48 and a 200 day moving average price of $135.20.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting the consensus estimate of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.17 billion. The business's revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $0.99 EPS.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a yield of 1.18%. Xylem's dividend payout ratio (DPR) is 42.11%.

Hedge Funds Weigh In On Xylem

Several hedge funds and other institutional investors have recently modified their holdings of the company. Prime Capital Investment Advisors LLC lifted its holdings in Xylem by 16.4% in the third quarter. Prime Capital Investment Advisors LLC now owns 2,013 shares of the industrial products company's stock valued at $272,000 after acquiring an additional 284 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Xylem by 1.4% in the third 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 last quarter. Apollon Wealth Management LLC grew its position in Xylem by 7.0% during the third quarter. Apollon Wealth Management LLC now owns 1,878 shares of the industrial products company's stock valued at $254,000 after buying an additional 123 shares during the period. Versor Investments LP increased its holdings in Xylem by 62.4% during the third quarter. Versor Investments LP now owns 10,217 shares of the industrial products company's stock valued at $1,380,000 after buying an additional 3,924 shares during the last quarter. Finally, Catalytic Wealth RIA LLC bought a new position in Xylem in the third quarter worth approximately $293,000. 87.96% of the stock is owned by institutional investors.

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.