Xylem (NYSE:XYL – Get Free Report) posted its quarterly earnings results on Thursday. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.11, Briefing.com reports. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The business’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 EPS. Xylem updated its FY 2024 guidance to 4.220-4.240 EPS and its FY24 guidance to $4.22-$4.24 EPS.
Xylem Stock Performance
NYSE:XYL traded down $2.32 during trading hours on Friday, hitting $119.46. 1,924,981 shares of the company traded hands, compared to its average volume of 1,189,008. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem has a twelve month low of $93.86 and a twelve month high of $146.08. The firm has a 50-day moving average of $133.41 and a 200 day moving average of $135.28. The stock has a market capitalization of $29.02 billion, a price-to-earnings ratio of 37.97, a P/E/G ratio of 2.29 and a beta of 1.04.
Xylem Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is currently 45.57%.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on XYL
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.
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