WABCO Holdings Inc. (NYSE:WBC) – Analysts at KeyCorp lowered their FY2019 EPS estimates for shares of WABCO in a research note issued on Wednesday, December 5th. KeyCorp analyst J. Hammond now expects that the auto parts company will post earnings per share of $8.25 for the year, down from their previous estimate of $8.40.

WABCO (NYSE:WBC) last announced 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 return on equity of 33.10% and a net margin of 11.62%. The business had revenue of $914.80 million for the quarter, compared to analyst estimates of $932.66 million. During the same quarter in the prior year, the company posted $1.71 EPS. The company’s quarterly revenue was up 10.5% on a year-over-year basis.

Other equities analysts have also issued research reports about the company. 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. 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. Buckingham Research set a $125.00 target price on WABCO and gave the stock a “hold” rating in a research note on Thursday, September 13th. Piper Jaffray Companies set a $153.00 target price on WABCO and gave the stock a “buy” rating in a research note on Wednesday, September 19th. Finally, Robert W. Baird decreased their target price on WABCO from $120.00 to $119.00 and set a “neutral” rating on the stock in a research note on Friday, October 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $132.82.

WBC opened at $108.06 on Friday. WABCO has a 12-month low of $100.80 and a 12-month high of $162.20. The company has a current ratio of 2.28, a quick ratio of 1.89 and a debt-to-equity ratio of 0.70. The stock has a market cap of $5.93 billion, a P/E ratio of 15.75, a PEG ratio of 0.98 and a beta of 1.82.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC raised its position in WABCO by 61.6% in the 3rd quarter. FMR LLC now owns 3,439,879 shares of the auto parts company’s stock valued at $405,699,000 after purchasing an additional 1,311,521 shares in the last quarter. Point72 Asset Management L.P. raised its position 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 valued at $11,391,000 after purchasing an additional 596,580 shares in the last quarter. Villere ST Denis J & Co. LLC acquired a new stake in WABCO in the 3rd quarter valued at about $64,762,000. Bank of New York Mellon Corp raised its position in WABCO by 155.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 713,588 shares of the auto parts company’s stock valued at $84,161,000 after purchasing an additional 434,552 shares in the last quarter. Finally, EdgePoint Investment Group Inc. raised its position in WABCO by 8.6% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 3,490,757 shares of the auto parts company’s stock valued at $408,488,000 after purchasing an additional 277,145 shares in the last quarter. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

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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