$1.55 Earnings Per Share Expected for Wabco Holdings Inc. (WBC) This Quarter
Equities analysts expect that Wabco Holdings Inc. (NYSE:WBC) will report $1.55 earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have made estimates for Wabco Holdings’ earnings, with estimates ranging from $1.50 to $1.60. Wabco Holdings reported earnings of $1.43 per share during the same quarter last year, which indicates a positive year over year growth rate of 8.4%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, July 19th.
On average, analysts expect that Wabco Holdings will report full year earnings of $5.95 per share for the current year, with EPS estimates ranging from $5.80 to $6.04. For the next year, analysts expect that the company will report earnings of $6.85 per share, with EPS estimates ranging from $6.55 to $7.14. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Wabco Holdings.
Wabco Holdings (NYSE:WBC) last announced its earnings results on Friday, April 21st. The auto parts company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.04. Wabco Holdings had a net margin of 11.05% and a return on equity of 40.37%. The business had revenue of $743.30 million during the quarter, compared to the consensus estimate of $719.50 million. During the same quarter last year, the firm earned $1.37 earnings per share. Wabco Holdings’s quarterly revenue was up 7.9% on a year-over-year basis.
A number of research firms recently commented on WBC. TheStreet lowered shares of Wabco Holdings from a “b” rating to a “c+” rating in a report on Thursday, March 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $130.00 price target on shares of Wabco Holdings in a report on Monday, April 24th. BidaskClub lowered shares of Wabco Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday. Deutsche Bank AG upped their price target on shares of Wabco Holdings from $129.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 6th. Finally, Seaport Global Securities began coverage on shares of Wabco Holdings in a report on Thursday, April 6th. They set a “buy” rating and a $135.00 price target for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. Wabco Holdings currently has a consensus rating of “Buy” and a consensus price target of $122.25.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Wabco Holdings by 4,696.5% in the first quarter. BlackRock Inc. now owns 2,830,351 shares of the auto parts company’s stock worth $332,341,000 after buying an additional 2,771,342 shares in the last quarter. Boston Partners increased its stake in Wabco Holdings by 30.4% in the first quarter. Boston Partners now owns 3,058,351 shares of the auto parts company’s stock worth $359,111,000 after buying an additional 713,086 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Wabco Holdings by 303.6% in the first quarter. Goldman Sachs Group Inc. now owns 895,070 shares of the auto parts company’s stock worth $105,099,000 after buying an additional 673,287 shares in the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in Wabco Holdings during the first quarter worth $47,339,000. Finally, Marshall Wace North America L.P. acquired a new stake in Wabco Holdings during the first quarter worth $47,339,000. 98.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Wabco Holdings (NYSE:WBC) traded up 0.70% during trading on Monday, reaching $122.21. 278,736 shares of the company were exchanged. The stock has a 50-day moving average price of $120.51 and a 200-day moving average price of $114.12. The stock has a market capitalization of $6.61 billion, a PE ratio of 21.39 and a beta of 1.62. Wabco Holdings has a one year low of $84.48 and a one year high of $126.07.
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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