Wall Street brokerages predict that WABCO Holdings Inc. (NYSE:WBC) will post $951.00 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for WABCO’s earnings. The highest sales estimate is $970.40 million and the lowest is $926.20 million. WABCO reported sales of $827.80 million in the same quarter last year, which indicates a positive year-over-year growth rate of 14.9%. The firm is expected to issue its next earnings results on Thursday, October 18th.

On average, analysts expect that WABCO will report full year sales of $3.93 billion for the current financial year, with estimates ranging from $3.91 billion to $3.94 billion. For the next financial year, analysts expect that the company will post sales of $4.14 billion per share, with estimates ranging from $4.03 billion to $4.24 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover WABCO.

WABCO (NYSE:WBC) last announced its quarterly earnings data on Thursday, July 19th. The auto parts company reported $2.00 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.10. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $989.16 million. WABCO had a return on equity of 34.37% and a net margin of 11.77%. The business’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.69 earnings per share.

A number of brokerages have recently commented on WBC. ValuEngine raised WABCO from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 10th. Mizuho began coverage on WABCO in a research report on Thursday, June 28th. They issued a “neutral” rating and a $130.00 price objective for the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $160.00 price objective on shares of WABCO in a research report on Friday, July 20th. Stifel Nicolaus set a $159.00 price objective on WABCO and gave the company a “buy” rating in a research report on Friday, July 20th. Finally, Zacks Investment Research raised WABCO from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Thursday, April 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. WABCO presently has a consensus rating of “Buy” and an average target price of $157.71.

A number of hedge funds have recently bought and sold shares of the business. Metropolitan Life Insurance Co. NY grew its position in WABCO by 11.4% during the second quarter. Metropolitan Life Insurance Co. NY now owns 4,216 shares of the auto parts company’s stock valued at $493,000 after acquiring an additional 433 shares during the period. Toronto Dominion Bank grew its position in WABCO by 16.1% during the first quarter. Toronto Dominion Bank now owns 3,487 shares of the auto parts company’s stock valued at $467,000 after acquiring an additional 484 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in WABCO by 3.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,082 shares of the auto parts company’s stock valued at $2,019,000 after acquiring an additional 500 shares during the period. Brinker Capital Inc. grew its position in WABCO by 22.4% during the first quarter. Brinker Capital Inc. now owns 2,733 shares of the auto parts company’s stock valued at $366,000 after acquiring an additional 501 shares during the period. Finally, First Mercantile Trust Co. grew its position in WABCO by 94.7% during the first quarter. First Mercantile Trust Co. now owns 1,328 shares of the auto parts company’s stock valued at $178,000 after acquiring an additional 646 shares during the period. 96.76% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:WBC traded up $1.16 during midday trading on Friday, reaching $122.69. The company’s stock had a trading volume of 239,600 shares, compared to its average volume of 412,515. The company has a market cap of $6.41 billion, a P/E ratio of 17.88, a P/E/G ratio of 1.06 and a beta of 1.82. The company has a quick ratio of 2.07, a current ratio of 2.48 and a debt-to-equity ratio of 0.67. WABCO has a 1 year low of $113.00 and a 1 year high of $162.20.

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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Earnings History and Estimates for WABCO (NYSE:WBC)

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