WABCO (WBC) Issues FY19 Earnings Guidance

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.

WABCO announced that its Board of Directors has authorized a stock buyback program on Monday, December 10th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the auto parts company to repurchase up to 10.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

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.

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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.

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Earnings History and Estimates for WABCO (NYSE:WBC)

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