WABCO (WBC) Releases FY18 Earnings Guidance

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.

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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.

Earnings History and Estimates for WABCO (NYSE:WBC)

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