Wabco Holdings Inc. (WBC) Updates FY17 Earnings Guidance

Wabco Holdings Inc. (NYSE:WBC) issued an update on its FY17 earnings guidance on Friday morning. 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.

Wabco Holdings Inc. (NYSE:WBC) traded up 0.76% during midday trading on Friday, reaching $116.66. The company had a trading volume of 203,965 shares. Wabco Holdings Inc. has a 12 month low of $84.48 and a 12 month high of $118.50. The firm has a 50-day moving average of $109.68 and a 200-day moving average of $106.05. The stock has a market cap of $6.43 billion, a P/E ratio of 25.57 and a beta of 1.77.

Wabco Holdings (NYSE:WBC) last announced its quarterly earnings results on Friday, February 17th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.03. The firm had revenue of $713.70 million for the quarter, compared to the consensus estimate of $699.60 million. Wabco Holdings had a return on equity of 39.77% and a net margin of 9.34%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 earnings per share. On average, equities analysts expect that Wabco Holdings Inc. will post $5.78 EPS for the current fiscal year.

WBC has been the topic of a number of recent analyst reports. Barclays PLC raised Wabco Holdings from an equal weight rating to an overweight rating and set a $107.00 price target on the stock in a research report on Monday, October 24th. Vertical Research downgraded Wabco Holdings from a hold rating to a sell rating in a research report on Friday, January 6th. BMO Capital Markets downgraded Wabco Holdings from an outperform rating to a market perform rating and lowered their price target for the stock from $120.00 to $115.00 in a research report on Friday, January 13th. Zacks Investment Research raised Wabco Holdings from a sell rating to a hold rating in a research report on Tuesday, January 24th. Finally, Piper Jaffray Companies raised Wabco Holdings from a neutral rating to an overweight rating and set a $129.00 price target on the stock in a research report on Thursday, February 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The stock has an average rating of Buy and an average target price of $118.92.

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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.

5 Day Chart for NYSE:WBC

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