WABCO (WBC) Issues FY18 Earnings Guidance

WABCO (NYSE:WBC) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $7.65-7.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.48. The company issued revenue guidance of $3.85-3.90 billion, compared to the consensus revenue estimate of $3.90 billion.WABCO also updated its FY 2018 guidance to $7.65-7.85 EPS.

Shares of NYSE:WBC opened at $105.89 on Friday. The stock has a market capitalization of $5.61 billion, a P/E ratio of 15.44, a PEG ratio of 0.92 and a beta of 1.82. WABCO has a fifty-two week low of $101.23 and a fifty-two week high of $162.20. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.07 and a current ratio of 2.48.

WABCO (NYSE:WBC) last issued its quarterly earnings data on Thursday, October 18th. The auto parts company reported $1.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.19. WABCO had a net margin of 11.62% and a return on equity of 32.94%. The firm had revenue of $914.80 million for the quarter, compared to the consensus estimate of $932.66 million. During the same period last year, the firm posted $1.71 EPS. WABCO’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, research analysts expect that WABCO will post 7.7 earnings per share for the current fiscal year.

A number of research firms have commented on WBC. Morgan Stanley set a $124.00 price target on shares of WABCO and gave the stock a buy rating in a research report on Friday. Robert W. Baird dropped their price target on shares of WABCO from $120.00 to $119.00 and set a neutral rating on the stock in a research report on Friday. Citigroup dropped their price target on shares of WABCO from $140.00 to $130.00 and set a buy rating on the stock in a research report on Friday. Bank of America downgraded shares of WABCO from a buy rating to an underperform rating and dropped their price target for the stock from $130.00 to $95.00 in a research report on Wednesday. Finally, Wolfe Research upgraded shares of WABCO from a peer perform rating to an outperform rating in a research report on Friday, October 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $135.50.

About WABCO

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.

Further Reading: Earnings Per Share

Earnings History and Estimates for WABCO (NYSE:WBC)

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