Wabco Holdings Inc. (WBC) Expected to Post Earnings of $1.49 Per Share
Equities research analysts predict that Wabco Holdings Inc. (NYSE:WBC) will post earnings of $1.49 per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Wabco Holdings’ earnings, with the lowest EPS estimate coming in at $1.43 and the highest estimate coming in at $1.59. Wabco Holdings posted earnings per share of $1.54 in the same quarter last year, which would suggest a negative year over year growth rate of 3.2%. The company is scheduled to announce its next earnings results on Thursday, October 19th.
On average, analysts expect that Wabco Holdings will report full year earnings of $6.26 per share for the current financial year, with EPS estimates ranging from $6.23 to $6.30. For the next year, analysts expect that the company will post earnings of $7.12 per share, with EPS estimates ranging from $6.85 to $7.33. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Wabco Holdings.
Wabco Holdings (NYSE:WBC) last released its quarterly earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.15. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The company had revenue of $795 million during the quarter, compared to analysts’ expectations of $759.33 million. During the same quarter in the prior year, the business posted $1.43 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year.
Several equities research analysts have recently commented on WBC shares. Royal Bank Of Canada reissued a “buy” rating and issued a $137.00 target price on shares of Wabco Holdings in a research note on Thursday, July 20th. Zacks Investment Research cut Wabco Holdings from a “buy” rating to a “hold” rating in a research note on Friday. Robert W. Baird reissued a “buy” rating and issued a $149.00 target price on shares of Wabco Holdings in a research note on Thursday, August 24th. BidaskClub cut Wabco Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, BMO Capital Markets reissued a “hold” rating and issued a $115.00 target price on shares of Wabco Holdings in a research note on Friday, July 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $141.23.
Wabco Holdings (WBC) traded up 0.17% on Friday, hitting $141.90. The stock had a trading volume of 476,917 shares. The firm’s 50-day moving average price is $139.05 and its 200-day moving average price is $124.56. Wabco Holdings has a 1-year low of $96.10 and a 1-year high of $144.98. The firm has a market cap of $7.61 billion, a P/E ratio of 23.73 and a beta of 1.64.
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In related news, Director Juergen Gromer sold 7,127 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $138.00, for a total transaction of $983,526.00. Following the sale, the director now owns 969 shares in the company, valued at $133,722. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director G Peter Daloia sold 3,626 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $139.78, for a total value of $506,842.28. Following the sale, the director now owns 4,316 shares in the company, valued at approximately $603,290.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,054 shares of company stock worth $1,952,903. Corporate insiders own 0.79% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC raised its holdings in Wabco Holdings by 190.0% during the second quarter. IHT Wealth Management LLC now owns 290 shares of the auto parts company’s stock worth $256,000 after acquiring an additional 190 shares in the last quarter. Pacad Investment Ltd. bought a new stake in Wabco Holdings during the second quarter worth about $179,000. Trexquant Investment LP bought a new stake in Wabco Holdings during the second quarter worth about $204,000. Cortina Asset Management LLC bought a new stake in Wabco Holdings during the first quarter worth about $200,000. Finally, Denver Investment Advisors LLC bought a new stake in Wabco Holdings during the first quarter worth about $205,000. Institutional investors and hedge funds own 97.54% of the company’s stock.
Wabco Holdings Company Profile
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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