Xylem (NYSE:XYL) Issues Earnings Results

Xylem (NYSE:XYL) announced its quarterly earnings data on Thursday. The industrial products company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06, RTT News reports. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2 billion. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The company’s quarterly revenue was up 40.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. Xylem updated its FY24 guidance to $4.10-4.25 EPS.

Xylem Trading Up 0.9 %

NYSE:XYL opened at $137.21 on Friday. Xylem has a 52 week low of $87.59 and a 52 week high of $138.46. The firm’s fifty day moving average is $128.64 and its 200-day moving average is $115.36. The firm has a market cap of $33.26 billion, a P/E ratio of 48.83, a P/E/G ratio of 2.69 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.30 and a current ratio of 1.67.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st were issued a dividend of $0.36 per share. This is a positive change from Xylem’s previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, February 20th. This represents a $1.44 annualized dividend and a yield of 1.05%. Xylem’s dividend payout ratio (DPR) is presently 51.25%.

Insider Buying and Selling

In other Xylem news, SVP Franz Cerwinka sold 2,408 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were 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 $1,431,032.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the completion of the sale, the chief accounting officer now owns 2,935 shares in the company, valued at approximately $360,682.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Franz Cerwinka sold 2,408 shares of the stock in a transaction 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 directly owns 11,750 shares in the company, valued at $1,431,032.50. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Citigroup raised their price target on Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Oppenheimer lifted their price target on Xylem from $142.00 to $147.00 and gave the stock an “outperform” rating in a report on Friday. Mizuho increased their price objective on Xylem from $110.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday. Robert W. Baird increased their target price on shares of Xylem from $151.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Stifel Nicolaus boosted their price target on Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $140.70.

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.