WABCO (WBC) Releases Earnings Results, Beats Estimates By $0.20 EPS
WABCO (NYSE:WBC) released its quarterly earnings data on Friday, February 16th. The auto parts company reported $2.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.20, Bloomberg Earnings reports. The business had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $900.52 million. WABCO had a return on equity of 37.38% and a net margin of 12.29%. The business’s quarterly revenue was up 30.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.47 EPS. WABCO updated its FY18 guidance to $7.20-7.70 EPS.
Shares of WABCO (NYSE:WBC) opened at $140.32 on Tuesday. WABCO has a 1 year low of $111.68 and a 1 year high of $162.20. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.93 and a current ratio of 2.23. The firm has a market capitalization of $7,530.00, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 1.25 and a beta of 1.80.
A number of analysts recently issued reports on the company. Zacks Investment Research cut WABCO from a “buy” rating to a “hold” rating in a research report on Sunday, January 21st. ValuEngine cut WABCO from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BMO Capital Markets reissued a “market perform” rating and issued a $150.00 target price (down from $160.00) on shares of WABCO in a research report on Friday, February 23rd. Buckingham Research reissued a “neutral” rating and issued a $152.00 target price (down from $156.00) on shares of WABCO in a research report on Tuesday, February 20th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $160.00 target price (down from $162.00) on shares of WABCO in a research report on Tuesday, February 20th. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $162.13.
A number of institutional investors have recently bought and sold shares of WBC. Cerebellum GP LLC acquired a new stake in WABCO during the 4th quarter worth approximately $129,000. Whittier Trust Co. of Nevada Inc. lifted its position in WABCO by 114.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 935 shares of the auto parts company’s stock worth $134,000 after acquiring an additional 500 shares during the period. American International Group Inc. acquired a new stake in WABCO during the 4th quarter worth approximately $172,000. Zions Bancorporation purchased a new position in shares of WABCO during the 3rd quarter worth approximately $179,000. Finally, Brown Advisory Inc. purchased a new position in shares of WABCO during the 3rd quarter worth approximately $202,000. 97.03% of the stock is owned by institutional investors.
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WABCO Company Profile
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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