Wabco Holdings Inc. (WBC) Updates FY17 Earnings Guidance
Wabco Holdings Inc. (NYSE:WBC) updated its FY17 earnings guidance on Friday. The company provided earnings per share guidance of $5.55-6.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.04. The company issued revenue guidance of $2.85-2.99 billion, compared to the consensus revenue estimate of $2.91 billion.
A number of research analysts have issued reports on the company. Bank of America Corporation upgraded Wabco Holdings from a neutral rating to a buy rating and set a $128.00 price target for the company in a research report on Thursday, February 2nd. Piper Jaffray Companies upgraded Wabco Holdings from a neutral rating to an overweight rating and set a $129.00 price target for the company in a research report on Thursday, February 2nd. Zacks Investment Research upgraded Wabco Holdings from a sell rating to a hold rating in a research report on Tuesday, January 24th. BMO Capital Markets lowered Wabco Holdings from an outperform rating to a market perform rating and reduced their price target for the stock from $120.00 to $115.00 in a research report on Friday, January 13th. Finally, Vertical Research lowered Wabco Holdings from a hold rating to a sell rating in a research report on Friday, January 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. Wabco Holdings has a consensus rating of Buy and an average price target of $118.92.
Shares of Wabco Holdings Inc. (NYSE:WBC) traded up 0.76% during mid-day trading on Friday, hitting $116.66. The stock had a trading volume of 203,965 shares. The firm’s 50-day moving average price is $109.68 and its 200 day moving average price is $106.05. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 25.57 and a beta of 1.77. Wabco Holdings Inc. has a 12-month low of $84.48 and a 12-month high of $118.50.
Wabco Holdings (NYSE:WBC) last issued its earnings results on Friday, February 17th. The company reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.03. Wabco Holdings had a return on equity of 39.77% and a net margin of 9.34%. The business earned $713.70 million during the quarter, compared to analysts’ expectations of $699.60 million. During the same period in the prior year, the firm posted $1.43 EPS. Wabco Holdings’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities analysts forecast that Wabco Holdings Inc. will post $5.78 EPS for the current fiscal year.
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Wabco Holdings Company Profile
WABCO Holdings Inc is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers. The Company engineers, develops, manufactures and sells systems controlling braking, stability, suspension, transmission automation, as well transmission automation and air management systems for commercial vehicles.
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