Wabco Holdings Inc. (NYSE:WBC) Expected to Announce Quarterly Sales of $737.69 Million
Analysts forecast that Wabco Holdings Inc. (NYSE:WBC) will post sales of $737.69 million for the current quarter, Zacks reports. Seven analysts have provided estimates for Wabco Holdings’ earnings, with the highest sales estimate coming in at $749.60 million and the lowest estimate coming in at $725.55 million. Wabco Holdings reported sales of $675.40 million in the same quarter last year, which would suggest a positive year over year growth rate of 9.2%. The firm is expected to report its next quarterly earnings report on Thursday, October 19th.
According to Zacks, analysts expect that Wabco Holdings will report full year sales of $737.69 million for the current year, with estimates ranging from $3.03 billion to $3.07 billion. For the next financial year, analysts forecast that the firm will post sales of $3.27 billion per share, with estimates ranging from $3.22 billion to $3.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Wabco Holdings.
Wabco Holdings (NYSE:WBC) last released its quarterly earnings results on Thursday, July 20th. The auto parts company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.15. Wabco Holdings had a net margin of 11.23% and a return on equity of 40.21%. The business had revenue of $795 million for the quarter, compared to analyst estimates of $759.33 million. During the same period last year, the firm earned $1.43 earnings per share. Wabco Holdings’s revenue for the quarter was up 8.6% compared to the same quarter last year.
Several equities research analysts have commented on WBC shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $137.00 price objective on shares of Wabco Holdings in a report on Thursday, July 20th. BidaskClub downgraded shares of Wabco Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. BMO Capital Markets reaffirmed a “hold” rating and set a $115.00 price objective on shares of Wabco Holdings in a report on Friday, July 7th. Deutsche Bank AG upped their price objective on shares of Wabco Holdings from $128.00 to $146.00 and gave the company a “hold” rating in a report on Friday, July 21st. Finally, Zacks Investment Research downgraded shares of Wabco Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $135.00.
In related news, Director G Peter Daloia sold 3,626 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $139.78, for a total value of $506,842.28. Following the transaction, the director now directly owns 4,316 shares in the company, valued at $603,290.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Sean Deason sold 789 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $140.50, for a total transaction of $110,854.50. Following the completion of the transaction, the vice president now owns 2,277 shares in the company, valued at $319,918.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,054 shares of company stock worth $1,952,903. Company insiders own 0.79% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of WBC. Quadrature Capital Ltd bought a new position in Wabco Holdings during the fourth quarter valued at $801,000. Macquarie Group Ltd. boosted its position in Wabco Holdings by 93.8% in the fourth quarter. Macquarie Group Ltd. now owns 3,100 shares of the auto parts company’s stock valued at $329,000 after buying an additional 1,500 shares during the period. Creative Planning boosted its position in Wabco Holdings by 6.8% in the first quarter. Creative Planning now owns 4,880 shares of the auto parts company’s stock valued at $573,000 after buying an additional 311 shares during the period. Gulf International Bank UK Ltd boosted its position in Wabco Holdings by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 16,690 shares of the auto parts company’s stock valued at $1,959,000 after buying an additional 100 shares during the period. Finally, Columbus Circle Investors bought a new position in Wabco Holdings during the first quarter valued at $17,633,000. Institutional investors own 99.43% of the company’s stock.
Wabco Holdings (WBC) opened at 138.30 on Friday. Wabco Holdings has a 52-week low of $96.10 and a 52-week high of $144.98. The company’s 50-day moving average is $129.11 and its 200-day moving average is $119.34. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 23.07 and a beta of 1.65.
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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