Wall Street brokerages expect that WABCO Holdings Inc. (NYSE:WBC) will post sales of $934.22 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for WABCO’s earnings, with estimates ranging from $923.00 million to $946.40 million. WABCO posted sales of $827.80 million in the same quarter last year, which would indicate a positive year over year growth rate of 12.9%. The company is expected to announce its next earnings results before the market opens on Thursday, October 18th.
On average, analysts expect that WABCO will report full-year sales of $3.89 billion for the current financial year, with estimates ranging from $3.82 billion to $3.94 billion. For the next year, analysts anticipate that the company will report sales of $4.07 billion, with estimates ranging from $3.82 billion to $4.24 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for WABCO.
WABCO (NYSE:WBC) last issued its quarterly earnings results on Thursday, October 18th. The auto parts company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.69 by $0.09. WABCO had a net margin of 11.77% and a return on equity of 34.37%. The firm had revenue of $914.80 million for the quarter, compared to analysts’ expectations of $932.66 million. During the same period in the previous year, the firm posted $1.71 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis.
Several equities research analysts have commented on the stock. Bank of America cut shares of WABCO from a “buy” rating to an “underperform” rating and cut their price target for the stock from $130.00 to $95.00 in a research report on Wednesday. Wolfe Research upgraded shares of WABCO from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 5th. Stifel Nicolaus lowered their price objective on shares of WABCO from $159.00 to $152.00 and set a “buy” rating on the stock in a research note on Monday, September 24th. Piper Jaffray Companies set a $153.00 price objective on shares of WABCO and gave the stock a “buy” rating in a research note on Wednesday, September 19th. Finally, BMO Capital Markets restated a “hold” rating and set a $130.00 price objective (down from $135.00) on shares of WABCO in a research note on Friday, September 14th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. WABCO has a consensus rating of “Hold” and a consensus price target of $145.92.
Several institutional investors have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY grew its stake in WABCO by 11.4% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 4,216 shares of the auto parts company’s stock valued at $493,000 after buying an additional 433 shares during the last quarter. Daiwa SB Investments Ltd. grew its stake in WABCO by 9.1% in the 3rd quarter. Daiwa SB Investments Ltd. now owns 5,970 shares of the auto parts company’s stock valued at $704,000 after buying an additional 500 shares during the last quarter. Amalgamated Bank grew its stake in WABCO by 6.8% in the 1st quarter. Amalgamated Bank now owns 10,815 shares of the auto parts company’s stock valued at $1,448,000 after buying an additional 689 shares during the last quarter. Wesbanco Bank Inc. grew its stake in WABCO by 28.6% in the 2nd quarter. Wesbanco Bank Inc. now owns 3,600 shares of the auto parts company’s stock valued at $421,000 after buying an additional 800 shares during the last quarter. Finally, Xact Kapitalforvaltning AB grew its stake in WABCO by 7.0% in the 1st quarter. Xact Kapitalforvaltning AB now owns 12,351 shares of the auto parts company’s stock valued at $1,653,000 after buying an additional 811 shares during the last quarter.
Shares of NYSE:WBC opened at $106.01 on Friday. The company has a current ratio of 2.48, a quick ratio of 2.07 and a debt-to-equity ratio of 0.67. WABCO has a one year low of $101.23 and a one year high of $162.20. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 1.05 and a beta of 1.82.
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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