Wedbush Raises Price Target on Xylem (XYL) to $43 Following 1Q Beat
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Xylem Inc. reports solid first quarter earnings
May 3, 2016 6:55 AM EDTFirst quarter 2016 revenue grew four percent organically to $847 million from the prior year First quarter 2016 adjusted earnings per share (EPS) were $0.35, an increase of six percent versus first quarter 2015 results, and up nine percent excluding acquisitions; GAAP EPS were $0.37 Adjusted operating margin for the first quarter expanded to 10.9 percent, an increase of 10 basis points, and up 40 basis points excluding acquisitions; GAAP operating margin declined 60 basis points to 9.3 percent Xylem raises full-year outlook of adjusted EPS to a range of $1.98... More
