WABCO (WBC) Issues Quarterly Earnings Results, Beats Estimates By $0.19 EPS

WABCO (NYSE:WBC) announced its quarterly earnings data on Thursday. The auto parts company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.19, MarketWatch Earnings reports. The business had revenue of $914.80 million for the quarter, compared to analyst estimates of $932.66 million. WABCO had a return on equity of 32.94% and a net margin of 11.62%. The company’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.71 earnings per share. WABCO updated its FY 2018 guidance to $7.65-7.85 EPS and its FY18 guidance to $7.65-7.85 EPS.

Shares of WBC stock opened at $105.89 on Friday. WABCO has a fifty-two week low of $101.23 and a fifty-two week high of $162.20. The company has a current ratio of 2.48, a quick ratio of 2.07 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $5.61 billion, a PE ratio of 13.68, a PEG ratio of 0.92 and a beta of 1.82.

WBC has been the topic of a number of research reports. Morgan Stanley set a $135.00 price objective on WABCO and gave the company a “buy” rating in a report on Thursday, September 13th. Bank of America lowered WABCO from a “buy” rating to an “underperform” rating and cut their price objective for the company from $130.00 to $95.00 in a report on Wednesday. Buckingham Research set a $125.00 price objective on WABCO and gave the company a “hold” rating in a report on Thursday, September 13th. Wolfe Research raised WABCO from a “peer perform” rating to an “outperform” rating in a report on Friday, October 5th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $135.00 price objective on shares of WABCO in a report on Thursday, July 19th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average 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.

Featured Article: Using the New Google Finance Tool

Earnings History for WABCO (NYSE:WBC)

Receive News & Ratings for WABCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WABCO and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply