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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Cobham plc    COB   GB00B07KD360

COBHAM PLC

(COB)
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Real-time Quote. Real-time CHI-X - 07/17 11:11:40 am
117.8 GBp   -0.42%
07/11COBHAM : Director/PDMR Shareholding
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07/01COBHAM : Directorate Change
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06/28COBHAM : IFRS 16 (Leases) Prior Year Disclosure
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Cobham Warns of Payment Delay, Additional Costs; Backs Full-Year View

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07/26/2018 | 03:15am EDT

By Adria Calatayud

Cobham said Thursday that Boeing is withholding payment over the KC-46 aircraft refueling tanker program, which will also have higher-than-expected costs, but backed its underlying profit guidance for 2018.

The British aerospace-and-defense engineer said Boeing has made unquantified damages assertions related to the KC-46 program, which are being formally disputed by Cobham.

Furthermore, Cobham said it will book a 40 million-pound ($52.7 million) charge in the first half of 2018, as the program is taking longer than originally planned and this will risk the company's base-cost assumptions.

However, Cobham said it doesn't plan to change its full-year underlying profit guidance when it reports first-half earnings next week. The company is expected to deliver an underlying pretax profit of GBP147.1 million in 2018, according to a consensus based on estimates by ten analysts polled by FactSet.

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
BOEING COMPANY (THE) 1.31% 367.455 Delayed Quote.12.13%
BOEING COMPANY (THE) 0.11% 364.08002 Delayed Quote.3.18%
COBHAM PLC -0.59% 117.6 Delayed Quote.21.06%
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Latest news on COBHAM PLC
07/11COBHAM : Director/PDMR Shareholding
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07/01COBHAM : Directorate Change
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06/28COBHAM : IFRS 16 (Leases) Prior Year Disclosure
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06/11COBHAM : Director/PDMR Shareholding
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05/20EMBRAER : Cobham Welcomes Embraer E190
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Financials (GBP)
Sales 2019 1 944 M
EBIT 2019 218 M
Net income 2019 85,5 M
Debt 2019 57,4 M
Yield 2019 1,12%
P/E ratio 2019 34,5x
P/E ratio 2020 25,2x
EV / Sales2019 1,48x
EV / Sales2020 1,38x
Capitalization 2 818 M
Chart COBHAM PLC
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Technical analysis trends COBHAM PLC
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 126,00  GBp
Last Close Price 118,30  GBp
Spread / Highest target 26,8%
Spread / Average Target 6,51%
Spread / Lowest Target -9,55%
EPS Revisions
Managers
NameTitle
David C. Lockwood Chief Executive Officer & Executive Director
Michael Peter Wareing Non-Executive Chairman
Chris Shaw Chief Operations Officer
David Anthony Mellors Chief Financial Officer & Executive Director
Alison J. Wood Independent Non-Executive Director
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