Wall Street analysts predict that WABCO Holdings, Inc. (NYSE:WBC) will post earnings of $1.91 per share for the current quarter, Zacks reports. Five analysts have provided estimates for WABCO’s earnings, with estimates ranging from $1.88 to $1.96. WABCO posted earnings of $1.69 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 13%. The business is scheduled to announce its next quarterly earnings results on Thursday, July 19th.
According to Zacks, analysts expect that WABCO will report full year earnings of $7.70 per share for the current fiscal year, with EPS estimates ranging from $7.45 to $7.89. For the next fiscal year, analysts forecast that the firm will post earnings of $8.40 per share, with EPS estimates ranging from $8.20 to $8.75. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow WABCO.
WABCO (NYSE:WBC) last issued its quarterly earnings results on Thursday, April 19th. The auto parts company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.16. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $950.91 million. WABCO had a return on equity of 35.77% and a net margin of 11.97%. WABCO’s revenue for the quarter was up 35.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.47 earnings per share.
A number of research analysts recently commented on the company. William Blair reissued a “buy” rating on shares of WABCO in a report on Wednesday, April 4th. Stifel Nicolaus set a $162.00 target price on WABCO and gave the stock a “buy” rating in a report on Friday, February 9th. BMO Capital Markets reaffirmed a “market perform” rating and set a $150.00 target price (down previously from $160.00) on shares of WABCO in a report on Friday, February 23rd. Buckingham Research reaffirmed a “neutral” rating and set a $152.00 target price (down previously from $156.00) on shares of WABCO in a report on Tuesday, February 20th. Finally, Zacks Investment Research raised WABCO from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a report on Thursday, April 26th. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. WABCO has an average rating of “Buy” and a consensus target price of $162.21.
In other news, insider Nicolas Bardot sold 834 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $136.88, for a total transaction of $114,157.92. Following the sale, the insider now directly owns 4,243 shares in the company, valued at approximately $580,781.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Congress Asset Management Co. MA raised its position in shares of WABCO by 3.6% during the 4th quarter. Congress Asset Management Co. MA now owns 602,922 shares of the auto parts company’s stock worth $86,519,000 after purchasing an additional 20,769 shares during the period. TIAA CREF Investment Management LLC increased its position in WABCO by 48.1% in the 4th quarter. TIAA CREF Investment Management LLC now owns 416,712 shares of the auto parts company’s stock valued at $59,798,000 after acquiring an additional 135,314 shares during the period. Aperio Group LLC increased its position in WABCO by 5.8% in the 4th quarter. Aperio Group LLC now owns 27,648 shares of the auto parts company’s stock valued at $3,967,000 after acquiring an additional 1,526 shares during the period. CI Investments Inc. increased its position in WABCO by 10.6% in the 4th quarter. CI Investments Inc. now owns 54,103 shares of the auto parts company’s stock valued at $7,764,000 after acquiring an additional 5,164 shares during the period. Finally, Geode Capital Management LLC increased its position in WABCO by 16.0% in the 4th quarter. Geode Capital Management LLC now owns 460,728 shares of the auto parts company’s stock valued at $66,078,000 after acquiring an additional 63,497 shares during the period. Institutional investors and hedge funds own 97.80% of the company’s stock.
WABCO traded up $1.03, reaching $130.43, on Tuesday, according to Marketbeat Ratings. The company’s stock had a trading volume of 267,767 shares, compared to its average volume of 385,171. The company has a market capitalization of $6.99 billion, a P/E ratio of 19.01, a P/E/G ratio of 1.13 and a beta of 1.81. WABCO has a 1 year low of $116.10 and a 1 year high of $162.20. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.00 and a current ratio of 3.49.
WABCO Company Profile
WABCO Holdings Inc, together with its subsidiaries, supplies electronic, mechanical, electro-mechanical, and aerodynamic products worldwide. The company engineers, develops, manufactures, and sells braking, stability, suspension, transmission automation, and air management systems primarily for commercial vehicles.
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