WABCO Holdings Inc. (NYSE:WBC) – Investment analysts at KeyCorp cut their FY2019 earnings per share (EPS) estimates for shares of WABCO in a research note issued on Wednesday, December 5th. KeyCorp analyst J. Hammond now forecasts that the auto parts company will earn $8.25 per share for the year, down from their prior forecast of $8.40.
WABCO (NYSE:WBC) last posted its quarterly earnings results on Thursday, October 18th. The auto parts company reported $1.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.19. WABCO had a net margin of 11.62% and a return on equity of 33.10%. The business had revenue of $914.80 million during the quarter, compared to analyst estimates of $932.66 million. During the same period in the previous year, the business posted $1.71 EPS. The company’s quarterly revenue was up 10.5% on a year-over-year basis.
Several other research analysts have also commented on WBC. Robert W. Baird lowered shares of WABCO from an “outperform” rating to a “neutral” rating in a report on Wednesday, September 12th. Morgan Stanley set a $135.00 price target on shares of WABCO and gave the company a “buy” rating in a report on Thursday, September 13th. Buckingham Research set a $125.00 price target on shares of WABCO and gave the company a “hold” rating in a report on Thursday, September 13th. BMO Capital Markets reaffirmed a “hold” rating and issued a $130.00 price target (down from $135.00) on shares of WABCO in a report on Friday, September 14th. Finally, Bank of America decreased their price target on shares of WABCO from $148.00 to $130.00 and set a “buy” rating for the company in a report on Friday, September 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. WABCO has a consensus rating of “Hold” and an average price target of $132.82.
NYSE WBC opened at $111.65 on Friday. WABCO has a one year low of $100.80 and a one year high of $162.20. The company has a quick ratio of 1.89, a current ratio of 2.28 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $5.93 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 0.98 and a beta of 1.82.
Institutional investors have recently bought and sold shares of the business. Gideon Capital Advisors Inc. boosted its stake in WABCO by 67.9% during the 2nd quarter. Gideon Capital Advisors Inc. now owns 4,321 shares of the auto parts company’s stock valued at $506,000 after purchasing an additional 1,748 shares during the period. Swiss National Bank boosted its stake in WABCO by 9.0% during the 2nd quarter. Swiss National Bank now owns 177,600 shares of the auto parts company’s stock valued at $20,783,000 after purchasing an additional 14,700 shares during the period. Renaissance Technologies LLC boosted its stake in WABCO by 126.7% during the 2nd quarter. Renaissance Technologies LLC now owns 366,500 shares of the auto parts company’s stock valued at $42,888,000 after purchasing an additional 204,800 shares during the period. BB&T Corp boosted its stake in WABCO by 32.6% during the 3rd quarter. BB&T Corp now owns 6,619 shares of the auto parts company’s stock valued at $780,000 after purchasing an additional 1,626 shares during the period. Finally, Wafra Inc. acquired a new position in WABCO during the 2nd quarter valued at about $6,990,000. 97.63% of the stock is owned by hedge funds and other institutional investors.
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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