WABCO (WBC) Posts Earnings Results, Beats Estimates By $0.20 EPS
WABCO (NYSE:WBC) announced its earnings results on Friday. The auto parts company reported $2.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.20, Bloomberg Earnings reports. The company had revenue of $934.00 million for the quarter, compared to analyst estimates of $900.52 million. WABCO had a return on equity of 38.93% and a net margin of 9.75%. The firm’s quarterly revenue was up 30.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.47 earnings per share. WABCO updated its FY18 guidance to $7.20-7.70 EPS.
WABCO (NYSE:WBC) opened at $138.01 on Friday. WABCO has a 52 week low of $110.52 and a 52 week high of $162.20. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.60 and a current ratio of 3.00. The company has a market capitalization of $7,403.96, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 1.21 and a beta of 1.77.
A number of equities analysts have recently weighed in on the company. Stifel Nicolaus set a $162.00 target price on WABCO and gave the stock a “buy” rating in a research note on Friday, February 9th. Zacks Investment Research upgraded WABCO from a “hold” rating to a “buy” rating and set a $177.00 target price on the stock in a research note on Thursday, January 25th. Vertical Research lowered WABCO from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Piper Jaffray Companies reiterated a “buy” rating and set a $167.00 target price on shares of WABCO in a research note on Sunday, October 22nd. Finally, ValuEngine lowered WABCO from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. WABCO has an average rating of “Buy” and an average target price of $160.67.
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WABCO Holdings Inc is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers of commercial trucks, buses and trailers, as well as passenger cars. The Company engineers, develops, manufactures and sells braking, stability, suspension and transmission automation and air management systems primarily for commercial vehicles.
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