Analysts Anticipate WABCO Holdings Inc. (WBC) Will Announce Quarterly Sales of $754.38 Million
Wall Street brokerages forecast that WABCO Holdings Inc. (NYSE:WBC) will report sales of $754.38 million for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for WABCO Holdings’ earnings, with estimates ranging from $727.52 million to $770 million. WABCO Holdings posted sales of $732.2 million in the same quarter last year, which would indicate a positive year over year growth rate of 3%. The firm is expected to issue its next quarterly earnings report on Wednesday, July 19th.
According to Zacks, analysts expect that WABCO Holdings will report full-year sales of $754.38 million for the current year, with estimates ranging from $2.87 billion to $2.98 billion. For the next fiscal year, analysts forecast that the business will report sales of $3.14 billion per share, with estimates ranging from $3.04 billion to $3.24 billion. Zacks’ sales averages are an average based on a survey of research firms that cover WABCO Holdings.
WABCO Holdings (NYSE:WBC) last posted its quarterly earnings data on Friday, April 21st. The auto parts company reported $1.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.04. WABCO Holdings had a return on equity of 39.77% and a net margin of 9.34%. The business had revenue of $743.30 million for the quarter, compared to analysts’ expectations of $719.50 million. During the same quarter in the previous year, the firm earned $1.37 earnings per share. The business’s revenue was up 7.9% on a year-over-year basis.
WBC has been the topic of several recent analyst reports. Bank of America Corp upgraded WABCO Holdings from a “neutral” rating to a “buy” rating and set a $128.00 target price on the stock in a research note on Thursday, February 2nd. TheStreet upgraded WABCO Holdings from a “c+” rating to a “b-” rating in a research note on Thursday, April 6th. Deutsche Bank AG increased their target price on WABCO Holdings from $126.00 to $130.00 and gave the company a “hold” rating in a research note on Monday, April 24th. Seaport Global Securities initiated coverage on WABCO Holdings in a research note on Thursday, April 6th. They set a “buy” rating and a $135.00 target price on the stock. Finally, Barclays PLC set a $123.00 target price on WABCO Holdings and gave the company a “buy” rating in a research note on Saturday, February 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. WABCO Holdings presently has an average rating of “Buy” and an average price target of $121.82.
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WABCO Holdings (NYSE:WBC) traded up 0.53% on Friday, reaching $120.41. The company’s stock had a trading volume of 216,670 shares. The stock has a market cap of $6.51 billion, a PE ratio of 21.07 and a beta of 1.77. WABCO Holdings has a 12-month low of $84.48 and a 12-month high of $121.17. The company’s 50 day moving average price is $117.35 and its 200-day moving average price is $111.71.
In other news, insider Nicolas Bardot sold 2,592 shares of the firm’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $114.60, for a total value of $297,043.20. Following the transaction, the insider now directly owns 3,952 shares in the company, valued at approximately $452,899.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.79% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Cortina Asset Management LLC purchased a new position in WABCO Holdings during the first quarter worth about $200,000. Denver Investment Advisors LLC purchased a new position in WABCO Holdings during the first quarter worth about $205,000. RGT Capital Management Ltd. purchased a new position in WABCO Holdings during the first quarter worth about $206,000. Tredje AP fonden increased its position in WABCO Holdings by 45.7% in the fourth quarter. Tredje AP fonden now owns 1,981 shares of the auto parts company’s stock worth $210,000 after buying an additional 621 shares during the period. Finally, Bancorpsouth Inc. purchased a new position in WABCO Holdings during the first quarter worth about $219,000.
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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