WABCO (NYSE:WBC) updated its FY 2018 earnings guidance on Thursday. The company provided EPS guidance of $7.65-7.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.50. The company issued revenue guidance of $3.85-3.9 billion, compared to the consensus revenue estimate of $3.91 billion.
Several equities research analysts recently commented on the stock. Piper Jaffray Companies set a $153.00 price objective on shares of WABCO and gave the company a buy rating in a research report on Wednesday, September 19th. BMO Capital Markets reaffirmed a hold rating and issued a $130.00 price objective (down from $135.00) on shares of WABCO in a research report on Friday, September 14th. Royal Bank of Canada reaffirmed a buy rating and issued a $160.00 price objective on shares of WABCO in a research report on Friday, July 20th. Robert W. Baird cut shares of WABCO from an outperform rating to a neutral rating in a research report on Wednesday, September 12th. Finally, ValuEngine cut shares of WABCO from a sell rating to a strong sell rating in a research report on Monday, July 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $145.92.
Shares of NYSE:WBC opened at $103.15 on Thursday. The company has a current ratio of 2.48, a quick ratio of 2.07 and a debt-to-equity ratio of 0.67. WABCO has a one year low of $101.23 and a one year high of $162.20. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 1.05 and a beta of 1.82.
WABCO (NYSE:WBC) last issued its quarterly earnings results on Thursday, July 19th. The auto parts company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.90 by $0.10. WABCO had a net margin of 11.77% and a return on equity of 34.37%. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $989.16 million. During the same period in the previous year, the firm posted $1.69 EPS. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. As a group, equities analysts forecast that WABCO will post 7.5 EPS for the current fiscal year.
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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