WABCO Holdings Inc. (WBC) Issues FY14 Earnings Guidance
WABCO Holdings Inc. (NYSE:WBC) issued an update on its FY14 earnings guidance on Friday morning. The company provided EPS guidance of $5.30-5.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.75, American Banking News reports.
Shares of WABCO Holdings Inc. (NYSE:WBC) opened at 108.52 on Friday. WABCO Holdings Inc. has a one year low of $69.67 and a one year high of $110.28. The stock has a 50-day moving average of $104.9 and a 200-day moving average of $94.01. The company has a market cap of $6.655 billion and a price-to-earnings ratio of 10.53.
WABCO Holdings (NYSE:WBC) last issued its quarterly earnings data on Friday, April 25th. The company reported $1.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.26 by $0.02. The company had revenue of $729.50 million for the quarter, compared to the consensus estimate of $688.04 million. During the same quarter in the prior year, the company posted $1.17 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. On average, analysts predict that WABCO Holdings Inc. will post $5.75 earnings per share for the current fiscal year.
WBC has been the subject of a number of recent research reports. Analysts at Robert W. Baird raised their price target on shares of WABCO Holdings from $114.00 to $116.00 in a research note on Tuesday. On a related note, analysts at Zacks downgraded shares of WABCO Holdings from an outperform rating to a neutral rating in a research note on Wednesday, April 16th. They now have a $111.40 price target on the stock. Finally, analysts at Goldman Sachs reiterated a conviction-buy rating on shares of WABCO Holdings in a research note on Tuesday, April 8th. They now have a $126.00 price target on the stock. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. WABCO Holdings presently has a consensus rating of Buy and an average price target of $101.91.
WABCO Holdings Inc (NYSE:WBC) is a provider of electronic, mechanical and mechatronic products for the commercial truck, trailer, bus and passenger car manufacturers.
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