WABCO (NYSE:WBC) issued an update on its FY19 earnings guidance on Friday morning. The company provided EPS guidance of $7.60-8.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.18. The company issued revenue guidance of $3.8-4.0 billion, compared to the consensus revenue estimate of $4.02 billion.WABCO also updated its FY 2019 guidance to $7.60-8.10 EPS.
NYSE:WBC traded up $0.29 on Friday, hitting $116.77. 536,480 shares of the stock were exchanged, compared to its average volume of 388,468. The stock has a market capitalization of $6.10 billion, a P/E ratio of 17.02, a P/E/G ratio of 0.96 and a beta of 1.63. WABCO has a 52 week low of $98.90 and a 52 week high of $145.00. The company has a current ratio of 2.28, a quick ratio of 1.89 and a debt-to-equity ratio of 0.70.
WABCO (NYSE:WBC) last announced its quarterly earnings data on Friday, February 15th. The auto parts company reported $2.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.15. The firm had revenue of $911.60 million during the quarter, compared to analysts’ expectations of $963.33 million. WABCO had a return on equity of 33.10% and a net margin of 11.62%. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.00 EPS. As a group, equities analysts predict that WABCO will post 7.73 EPS for the current year.
WBC has been the subject of several recent research reports. Citigroup dropped their price objective on WABCO from $140.00 to $130.00 and set a buy rating for the company in a report on Friday, October 19th. Morgan Stanley set a $124.00 price target on WABCO and gave the company a buy rating in a research note on Friday, October 19th. JPMorgan Chase & Co. cut WABCO from a neutral rating to an underweight rating and lowered their price target for the company from $115.00 to $98.00 in a research note on Thursday, January 10th. Robert W. Baird lowered their price target on WABCO from $120.00 to $119.00 and set a neutral rating for the company in a research note on Friday, October 19th. Finally, Vertical Research cut WABCO from a buy rating to a hold rating in a research note on Monday, January 7th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $130.50.
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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