Q3 2024 Earnings Forecast for Xylem Inc. Issued By Seaport Res Ptn (NYSE:XYL)

Xylem Inc. (NYSE:XYL) – Analysts at Seaport Res Ptn increased their Q3 2024 EPS estimates for shares of Xylem in a report released on Tuesday, May 7th. Seaport Res Ptn analyst S. Graham now expects 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 earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the firm posted $0.72 earnings per share. The firm’s revenue for the quarter was up 40.4% compared to the same quarter last year.

Several other equities analysts have also recently issued reports on the stock. Mizuho lifted their price objective on shares of Xylem from $110.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. BNP Paribas started coverage on Xylem in a research report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 price objective for the company. Oppenheimer lifted their target price on Xylem from $142.00 to $147.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Robert W. Baird upped their target price on Xylem from $151.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Finally, Citigroup boosted their price objective on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Xylem has a consensus rating of “Moderate Buy” and an average target price of $140.70.

Xylem Price Performance

NYSE:XYL opened at $141.20 on Wednesday. Xylem has a 52-week low of $87.59 and a 52-week high of $141.30. The company has a quick ratio of 1.22, a current ratio of 1.67 and a debt-to-equity ratio of 0.19. The firm has a market cap of $34.23 billion, a P/E ratio of 50.25, a PEG ratio of 2.59 and a beta of 1.08. The business’s 50-day moving average price is $129.51 and its 200 day moving average price is $116.38.

Insider Buying and Selling at Xylem

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total transaction of $122,890.00. Following the completion of the sale, the chief accounting officer now directly owns 2,935 shares in the company, valued at $360,682.15. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On Xylem

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kornitzer Capital Management Inc. KS increased its stake in shares of Xylem by 9.0% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 109,882 shares of the industrial products company’s stock worth $12,566,000 after purchasing an additional 9,114 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Xylem by 10,296.7% during the fourth quarter. International Assets Investment Management LLC now owns 63,004 shares of the industrial products company’s stock valued at $7,205,000 after buying an additional 62,398 shares in the last quarter. ING Groep NV acquired a new stake in shares of Xylem in the third quarter worth about $2,752,000. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Xylem by 6.6% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 39,266 shares of the industrial products company’s stock worth $3,574,000 after acquiring an additional 2,438 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Xylem by 351.2% during the 4th quarter. SG Americas Securities LLC now owns 101,408 shares of the industrial products company’s stock valued at $11,597,000 after acquiring an additional 78,934 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

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.