Xylem (XYL) to Release Earnings on Tuesday

Xylem (NYSE:XYL - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $1.13 per share and revenue of $2,182,197.09 billion for the quarter. Xylem has set its FY 2024 guidance at 4.220-4.240 EPS and its FY24 guidance at $4.22-$4.24 EPS.Investors interested in listening to the company's conference call can do so using this link.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS 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 analyst estimates of $2.17 billion. During the same period last year, the business posted $0.99 earnings per share. The company's quarterly revenue was up .2% on a year-over-year basis. On average, analysts expect Xylem to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Xylem Stock Down 0.7 %

Shares of XYL stock traded down $0.89 during trading hours on Tuesday, reaching $121.29. 405,300 shares of the stock were exchanged, compared to its average volume of 1,179,795. The firm has a market capitalization of $29.47 billion, a P/E ratio of 35.46, a P/E/G ratio of 2.05 and a beta of 1.06. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. The business's fifty day moving average is $120.87 and its two-hundred day moving average is $128.21. Xylem has a 12-month low of $111.88 and a 12-month high of $146.08.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th were issued a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.19%. Xylem's payout ratio is 42.11%.

Wall Street Analyst Weigh In

XYL has been the subject of a number of research reports. Wolfe Research reiterated a "peer perform" rating on shares of Xylem in a research report on Thursday, December 12th. Royal Bank of Canada reduced their price target on Xylem from $163.00 to $162.00 and set an "outperform" rating for the company in a report on Friday, November 1st. TD Cowen cut their price objective on Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a research note on Wednesday, November 6th. Citigroup decreased their price target on shares of Xylem from $148.00 to $147.00 and set a "buy" rating for the company in a report on Monday, January 13th. Finally, Robert W. Baird cut their target price on Xylem from $175.00 to $154.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $150.50.

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.