On Jul 10, 2014, we released an updated investigate news on
TRW Automotive Holdings Corp.
). This Zacks Rank #2 (Buy) batch delivered certain earnings
surprises in all of a trailing 4 buliding with an normal beat
TRW Automotive reported a 19.9% boost in a first-quarter
2014 gain to $1.81 per share, that exceeded a Zacks
Consensus Estimate of $1.65. Revenues rose 5% to $4.4 billion,
surpassing a Zacks Consensus Estimate of $4.31 billion. The
increase was driven by clever direct for TRW’s innovative
technology, increasing car prolongation volumes and a positive
impact of banking translation, partly equivalent by a negative
impact of exiting some businesses in a North American brake
component and public operations.
TRW Automotive is globally famous as a vital and a most
diversified retailer of automotive systems, modules and components
to OEMs and a associated aftermarket. The association has a strong
financial position, that facilitates collateral deployment. During
the initial entertain of 2014, TRW repurchased 3.9 million shares of
its common batch for $400 million. The association also paid off bond
debt with a face value of $469 million. Moreover, TRW continues to
invest in innovative technologies that capacitate it to win
For full-year 2014, TRW Automotive’s revenues are approaching in
the operation of $17.4-$17.7 billion, adult from a prior superintendence of
$17.3-$17.6 billion. Revenue expectations are formed on higher
vehicle prolongation volumes and a impact of unfamiliar currency
Key Picks from a Sector
Some other vehicle bonds value deliberation include
Automotive Systems Inc.
). All these bonds competition a Zacks Rank #1 (Strong Buy).
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