WABCO (NYSE:WBC) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $7.30-7.80 for the period, compared to the Thomson Reuters consensus estimate of $7.64. The company issued revenue guidance of $3.885-4.015 billion, compared to the consensus revenue estimate of $3.92 billion.
Shares of NYSE:WBC opened at $140.00 on Thursday. WABCO has a twelve month low of $112.56 and a twelve month high of $162.20. The company has a market cap of $7,348.33, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 1.19 and a beta of 1.80. The company has a quick ratio of 1.93, a current ratio of 2.23 and a debt-to-equity ratio of 0.85.
WABCO (NYSE:WBC) last announced its earnings results on Thursday, April 19th. The auto parts company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.16. WABCO had a return on equity of 37.38% and a net margin of 12.29%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $950.91 million. During the same quarter in the prior year, the company earned $1.47 EPS. The firm’s revenue for the quarter was up 35.0% compared to the same quarter last year. equities research analysts forecast that WABCO will post 7.63 earnings per share for the current fiscal year.
WBC has been the subject of a number of research reports. Morgan Stanley initiated coverage on WABCO in a research report on Friday, March 2nd. They issued an overweight rating and a $159.00 price objective for the company. Zacks Investment Research upgraded WABCO from a hold rating to a buy rating and set a $161.00 price objective for the company in a research report on Thursday, December 28th. Buckingham Research reiterated a neutral rating and issued a $152.00 price objective (down previously from $156.00) on shares of WABCO in a research report on Tuesday, February 20th. Stifel Nicolaus reiterated a buy rating and issued a $160.00 price objective (down previously from $162.00) on shares of WABCO in a research report on Tuesday, February 20th. Finally, BMO Capital Markets reiterated a market perform rating and issued a $150.00 price objective (down previously from $160.00) on shares of WABCO in a research report on Friday, February 23rd. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. WABCO has a consensus rating of Buy and an average price target of $164.14.
In other news, insider Nicolas Bardot sold 834 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $136.88, for a total value of $114,157.92. Following the completion of the transaction, the insider now directly owns 4,243 shares of the company’s stock, valued at approximately $580,781.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.79% of the company’s stock.
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WABCO Company Profile
WABCO Holdings Inc, together with its subsidiaries, supplies electronic, mechanical, electro-mechanical, and aerodynamic products worldwide. The company engineers, develops, manufactures, and sells braking, stability, suspension, transmission automation, and air management systems primarily for commercial vehicles.
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