Xylem Inc. (NYSE:XYL) to Post Q3 2024 Earnings of $1.12 Per Share, Seaport Res Ptn Forecasts

Xylem Inc. (NYSE:XYL) – Research analysts at Seaport Res Ptn increased their Q3 2024 earnings per share (EPS) estimates for shares of Xylem in a research report issued to clients and investors on Tuesday, May 7th. Seaport Res Ptn analyst S. Graham now forecasts that the industrial products company will post earnings of $1.12 per share for the quarter, up from their prior estimate of $1.10. The consensus estimate for Xylem’s current full-year earnings is $4.24 per share. Seaport Res Ptn also issued estimates for Xylem’s FY2024 earnings at $4.24 EPS, Q1 2025 earnings at $0.98 EPS and FY2025 earnings at $4.61 EPS.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.84 by $0.06. The firm had revenue of $2.03 billion for 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 period in the previous year, the company earned $0.72 earnings per share.

Several other research firms have also recently weighed in on XYL. Stifel Nicolaus lifted their price target on Xylem from $136.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Mizuho boosted their target price on shares of Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Robert W. Baird upped their price target on shares of Xylem from $151.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. BNP Paribas assumed coverage on shares of Xylem in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price objective for the company. Finally, Oppenheimer increased their target price on shares of Xylem from $142.00 to $147.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.70.

Xylem Stock Up 1.0 %

Xylem stock opened at $142.61 on Wednesday. Xylem has a twelve month low of $87.59 and a twelve month high of $142.72. The stock has a market cap of $34.58 billion, a P/E ratio of 50.75, a P/E/G ratio of 2.59 and a beta of 1.08. The company’s 50-day moving average price is $129.82 and its two-hundred day moving average price is $116.56. The company has a quick ratio of 1.22, a current ratio of 1.67 and a debt-to-equity ratio of 0.19.

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 shares were sold at an average price of $122.89, for a total transaction of $122,890.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,935 shares in the company, valued at $360,682.15. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.27% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Nwam LLC bought a new stake in shares of Xylem during the first quarter worth $266,000. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Xylem during the 1st quarter valued at $237,000. Lord Abbett & CO. LLC bought a new stake in Xylem during the 1st quarter worth $23,263,000. HBK Sorce Advisory LLC increased its holdings in Xylem by 2.8% in the 1st quarter. HBK Sorce Advisory LLC now owns 4,836 shares of the industrial products company’s stock worth $625,000 after purchasing an additional 130 shares in the last quarter. Finally, Scout Investments Inc. raised its position in Xylem by 36.0% in the first quarter. Scout Investments Inc. now owns 223,263 shares of the industrial products company’s stock valued at $28,721,000 after purchasing an additional 59,044 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

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.