$741.01 Million in Sales Expected for Wabco Holdings Inc. (WBC) This Quarter
Analysts predict that Wabco Holdings Inc. (NYSE:WBC) will announce sales of $741.01 million for the current quarter, Zacks reports. Seven analysts have provided estimates for Wabco Holdings’ earnings, with the highest sales estimate coming in at $773.40 million and the lowest estimate coming in at $725.55 million. Wabco Holdings reported sales of $675.40 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.7%. The business is scheduled to report its next quarterly earnings results before the market opens on Thursday, October 19th.
On average, analysts expect that Wabco Holdings will report full-year sales of $741.01 million for the current financial year, with estimates ranging from $3.03 billion to $3.08 billion. For the next year, analysts expect that the company will post sales of $3.32 billion per share, with estimates ranging from $3.23 billion to $3.43 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Wabco Holdings.
Wabco Holdings (NYSE:WBC) last released its quarterly earnings data on Thursday, July 20th. The auto parts company reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.15. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The business had revenue of $795.00 million for the quarter, compared to analysts’ expectations of $759.33 million. During the same quarter in the previous year, the business posted $1.43 EPS. Wabco Holdings’s revenue for the quarter was up 8.6% on a year-over-year basis.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Wabco Holdings from a “hold” rating to a “buy” rating and set a $166.00 price target for the company in a research note on Friday. Berenberg Bank assumed coverage on Wabco Holdings in a research note on Monday, September 25th. They issued a “buy” rating and a $173.00 price target for the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Wabco Holdings in a research note on Monday, September 25th. KeyCorp reaffirmed a “buy” rating and set a $161.00 target price (up previously from $156.00) on shares of Wabco Holdings in a research note on Tuesday, September 19th. Finally, Buckingham Research assumed coverage on Wabco Holdings in a research note on Tuesday, September 5th. They set a “neutral” rating and a $142.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Wabco Holdings has a consensus rating of “Buy” and an average price target of $145.69.
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In other Wabco Holdings news, Director G Peter Daloia sold 3,626 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $139.78, for a total value of $506,842.28. Following the transaction, the director now owns 4,316 shares in the company, valued at $603,290.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Sean Deason sold 789 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $140.50, for a total value of $110,854.50. Following the completion of the transaction, the vice president now owns 2,277 shares in the company, valued at approximately $319,918.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,054 shares of company stock worth $1,952,903. Corporate insiders own 0.79% of the company’s stock.
Large investors have recently made changes to their positions in the business. Pacad Investment Ltd. bought a new position in Wabco Holdings in the second quarter worth approximately $179,000. Cortina Asset Management LLC bought a new position in Wabco Holdings in the first quarter worth approximately $200,000. Trexquant Investment LP bought a new position in Wabco Holdings in the second quarter worth approximately $204,000. RGT Capital Management Ltd. bought a new position in Wabco Holdings in the first quarter worth approximately $206,000. Finally, Sawtooth Solutions LLC bought a new position in Wabco Holdings in the second quarter worth approximately $238,000. Institutional investors and hedge funds own 97.53% of the company’s stock.
Wabco Holdings (NYSE:WBC) opened at 148.00 on Friday. Wabco Holdings has a 12-month low of $96.10 and a 12-month high of $150.71. The company has a market cap of $7.94 billion, a PE ratio of 24.69 and a beta of 1.64. The stock’s 50 day moving average price is $139.95 and its 200 day moving average price is $126.19.
About Wabco Holdings
WABCO Holdings Inc is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers of commercial trucks, buses and trailers, as well as passenger cars. The Company engineers, develops, manufactures and sells braking, stability, suspension and transmission automation and air management systems primarily for commercial vehicles.
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