Brokerages Anticipate Wabco Holdings Inc. (WBC) Will Announce Earnings of $1.77 Per Share
Brokerages forecast that Wabco Holdings Inc. (NYSE:WBC) will post earnings per share of $1.77 for the current quarter, according to Zacks. Seven analysts have issued estimates for Wabco Holdings’ earnings, with estimates ranging from $1.72 to $1.83. Wabco Holdings reported earnings per share of $1.47 during the same quarter last year, which suggests a positive year-over-year growth rate of 20.4%. The company is scheduled to issue its next earnings results on Friday, February 16th.
According to Zacks, analysts expect that Wabco Holdings will report full-year earnings of $6.61 per share for the current financial year, with EPS estimates ranging from $6.30 to $6.70. For the next year, analysts expect that the business will report earnings of $7.46 per share, with EPS estimates ranging from $7.20 to $7.64. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Wabco Holdings.
Wabco Holdings (NYSE:WBC) last posted its earnings results on Thursday, October 19th. The auto parts company reported $1.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.18. Wabco Holdings had a net margin of 9.75% and a return on equity of 38.93%. The firm had revenue of $827.80 million during the quarter, compared to the consensus estimate of $756.57 million. During the same quarter last year, the firm earned $1.54 EPS. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis.
WBC has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Wabco Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Piper Jaffray Companies reissued a “buy” rating and issued a $147.00 price target on shares of Wabco Holdings in a research report on Wednesday, July 19th. Royal Bank Of Canada reissued a “buy” rating and issued a $137.00 price target on shares of Wabco Holdings in a research report on Thursday, July 20th. Stifel Nicolaus reissued a “buy” rating and issued a $150.00 price target (up from $130.00) on shares of Wabco Holdings in a research report on Friday, July 21st. Finally, Deutsche Bank AG boosted their price target on shares of Wabco Holdings from $128.00 to $146.00 and gave the company a “hold” rating in a research report on Friday, July 21st. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $159.80.
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In other news, Chairman Jacques Esculier sold 172,394 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $151.24, for a total value of $26,072,868.56. Following the transaction, the chairman now directly owns 312,079 shares in the company, valued at approximately $47,198,827.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.79% of the company’s stock.
Large investors have recently modified their holdings of the stock. Alliancebernstein L.P. lifted its position in Wabco Holdings by 4.6% in the 2nd quarter. Alliancebernstein L.P. now owns 461,337 shares of the auto parts company’s stock valued at $58,825,000 after purchasing an additional 20,348 shares during the last quarter. Fox Run Management L.L.C. grew its stake in shares of Wabco Holdings by 189.5% in the 2nd quarter. Fox Run Management L.L.C. now owns 5,500 shares of the auto parts company’s stock worth $701,000 after purchasing an additional 3,600 shares during the last quarter. Cipher Capital LP acquired a new position in shares of Wabco Holdings in the 2nd quarter worth approximately $535,000. CI Investments Inc. acquired a new position in shares of Wabco Holdings in the 2nd quarter worth approximately $6,240,000. Finally, Shelton Capital Management acquired a new position in shares of Wabco Holdings in the 2nd quarter worth approximately $8,894,000. Hedge funds and other institutional investors own 98.15% of the company’s stock.
Shares of Wabco Holdings (NYSE WBC) traded down $0.48 during mid-day trading on Monday, reaching $149.98. 243,818 shares of the company’s stock traded hands, compared to its average volume of 523,095. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.00 and a quick ratio of 2.60. Wabco Holdings has a 52 week low of $96.10 and a 52 week high of $156.08. The stock has a market cap of $8,071.90, a PE ratio of 23.73, a PEG ratio of 1.51 and a beta of 1.68.
Wabco Holdings Company Profile
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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