Wall Street analysts expect WABCO Holdings Inc. (NYSE:WBC) to announce $956.25 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for WABCO’s earnings, with estimates ranging from $939.39 million to $967.20 million. WABCO reported sales of $934.10 million during the same quarter last year, which indicates a positive year over year growth rate of 2.4%. The firm is scheduled to announce its next quarterly earnings results on Friday, February 15th.

On average, analysts expect that WABCO will report full-year sales of $3.88 billion for the current fiscal year, with estimates ranging from $3.86 billion to $3.89 billion. For the next financial year, analysts forecast that the business will report sales of $4.03 billion, with estimates ranging from $3.82 billion to $4.18 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that that provide coverage for WABCO.

WABCO (NYSE:WBC) last posted its quarterly earnings data on Thursday, October 18th. The auto parts company reported $1.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.19. WABCO had a return on equity of 33.10% and a net margin of 11.62%. 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 earned $1.71 EPS. The business’s quarterly revenue was up 10.5% on a year-over-year basis.

Several brokerages recently issued reports on WBC. Morgan Stanley set a $135.00 target price on WABCO and gave the company a “buy” rating in a research note on Thursday, September 13th. Bank of America decreased their target price on WABCO from $148.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, September 14th. Citigroup decreased their target price on WABCO from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, October 19th. Stifel Nicolaus decreased their target price on WABCO from $159.00 to $152.00 and set a “buy” rating on the stock in a research note on Monday, September 24th. Finally, Piper Jaffray Companies set a $153.00 target price on WABCO and gave the company a “buy” rating in a research note on Wednesday, September 19th. One 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 stock. The company presently has an average rating of “Hold” and an average target price of $132.82.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Clearbridge Investments LLC raised its stake in WABCO by 0.6% during the 3rd quarter. Clearbridge Investments LLC now owns 808,831 shares of the auto parts company’s stock valued at $95,394,000 after purchasing an additional 5,055 shares during the period. Legal & General Group Plc increased its stake in WABCO by 8.3% in the 3rd quarter. Legal & General Group Plc now owns 76,455 shares of the auto parts company’s stock worth $9,017,000 after acquiring an additional 5,853 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in WABCO by 10,716.9% in the 3rd quarter. Rehmann Capital Advisory Group now owns 73,122 shares of the auto parts company’s stock worth $620,000 after acquiring an additional 72,446 shares during the last quarter. Penn Capital Management Co. Inc. bought a new stake in WABCO in the 3rd quarter worth approximately $1,397,000. Finally, Point72 Asset Management L.P. increased its stake in WABCO by 119.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 96,580 shares of the auto parts company’s stock worth $11,391,000 after acquiring an additional 596,580 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors.

WBC stock opened at $113.59 on Thursday. WABCO has a twelve month low of $100.80 and a twelve month high of $162.20. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.89 and a current ratio of 2.28. The stock has a market cap of $6.34 billion, a PE ratio of 16.56, a P/E/G ratio of 1.05 and a beta of 1.82.

About WABCO

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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