Xylem (NYSE:XYL) Updates FY22 Earnings Guidance

Xylem (NYSE:XYLGet Rating) updated its FY22 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.40-2.70 for the period, compared to the consensus earnings per share estimate of $2.55. The company issued revenue guidance of +1-3% yr/yr to ~$5.25-5.35 billion, compared to the consensus revenue estimate of $5.34 billion.

Several equities analysts recently weighed in on XYL shares. TheStreet downgraded Xylem from a b rating to a c+ rating in a research report on Monday, February 7th. Stifel Nicolaus lowered their target price on Xylem from $100.00 to $90.00 and set a hold rating on the stock in a research report on Monday, April 18th. Morgan Stanley lowered their target price on Xylem from $120.00 to $110.00 and set an overweight rating on the stock in a research report on Monday, April 18th. Raymond James upgraded Xylem from an underperform rating to a market perform rating in a research report on Tuesday, April 5th. Finally, StockNews.com started coverage on Xylem in a research report on Thursday, March 31st. They set a hold rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Hold and an average price target of $114.45.

Shares of XYL stock traded down $3.42 during trading hours on Thursday, hitting $86.88. The stock had a trading volume of 32,551 shares, compared to its average volume of 1,228,039. Xylem has a one year low of $80.00 and a one year high of $138.78. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.27 and a quick ratio of 1.77. The stock’s 50-day moving average price is $85.80 and its two-hundred day moving average price is $104.99. The stock has a market capitalization of $15.65 billion, a price-to-earnings ratio of 37.27, a PEG ratio of 2.71 and a beta of 1.08.

Xylem (NYSE:XYLGet Rating) last issued its earnings results on Wednesday, May 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.06. Xylem had a return on equity of 14.67% and a net margin of 8.22%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the firm posted $0.56 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts predict that Xylem will post 2.52 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 17th. Stockholders of record on Thursday, February 17th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.38%. This is a boost from Xylem’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, February 16th. Xylem’s payout ratio is 51.06%.

In other news, SVP Colin R. Sabol sold 4,233 shares of Xylem stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $83.05, for a total value of $351,550.65. Following the sale, the senior vice president now directly owns 27,373 shares of the company’s stock, valued at $2,273,327.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.89% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Advisors Asset Management Inc. increased its stake in Xylem by 5.4% during the fourth quarter. Advisors Asset Management Inc. now owns 17,630 shares of the industrial products company’s stock worth $2,114,000 after acquiring an additional 910 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its stake in Xylem by 10.0% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 15,400 shares of the industrial products company’s stock worth $1,847,000 after acquiring an additional 1,400 shares during the last quarter. Glenmede Trust Co. NA increased its stake in Xylem by 1.3% during the fourth quarter. Glenmede Trust Co. NA now owns 14,135 shares of the industrial products company’s stock worth $1,694,000 after acquiring an additional 181 shares during the last quarter. Toroso Investments LLC increased its stake in Xylem by 17.2% during the fourth quarter. Toroso Investments LLC now owns 13,222 shares of the industrial products company’s stock worth $1,586,000 after acquiring an additional 1,945 shares during the last quarter. Finally, MML Investors Services LLC increased its stake in Xylem by 12.8% during the fourth quarter. MML Investors Services LLC now owns 10,583 shares of the industrial products company’s stock worth $1,269,000 after acquiring an additional 1,197 shares during the last quarter. 83.83% of the stock is currently owned by institutional investors.

About Xylem (Get Rating)

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.

See Also

Earnings History and Estimates for Xylem (NYSE:XYL)

Receive News & Ratings for Xylem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem and related companies with MarketBeat.com's FREE daily email newsletter.