Analysts Expect Wabco Holdings Inc. (WBC) Will Post Quarterly Sales of $737.69 Million
Equities analysts expect Wabco Holdings Inc. (NYSE:WBC) to post $737.69 million in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for Wabco Holdings’ earnings, with the lowest sales estimate coming in at $725.55 million and the highest estimate coming in at $749.60 million. Wabco Holdings posted sales of $675.40 million in the same quarter last year, which suggests a positive year over year growth rate of 9.2%. The company is scheduled to report its next quarterly earnings report on Thursday, October 19th.
On average, analysts expect that Wabco Holdings will report full year sales of $737.69 million for the current financial year, with estimates ranging from $3.03 billion to $3.07 billion. For the next fiscal year, analysts expect that the firm will report sales of $3.27 billion per share, with estimates ranging from $3.22 billion to $3.32 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Wabco Holdings.
Wabco Holdings (NYSE:WBC) last posted its earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.15. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The firm had revenue of $795 million for the quarter, compared to the consensus estimate of $759.33 million. During the same quarter in the prior year, the business earned $1.43 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis.
Several research firms have recently weighed in on WBC. Zacks Investment Research downgraded shares of Wabco Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Buckingham Research began coverage on shares of Wabco Holdings in a research note on Tuesday, September 5th. They set a “neutral” rating and a $142.00 price target for the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $127.00 price target on shares of Wabco Holdings in a research note on Friday, July 7th. Stifel Nicolaus set a $150.00 price target on shares of Wabco Holdings and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $147.00 price target on shares of Wabco Holdings in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $141.23.
In other Wabco Holdings news, VP Sean Deason sold 789 shares of Wabco Holdings stock in a transaction on Monday, July 24th. The shares were sold at an average price of $140.50, for a total value of $110,854.50. Following the transaction, the vice president now directly owns 2,277 shares of the company’s stock, valued at $319,918.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director G Peter Daloia sold 3,626 shares of Wabco Holdings stock in a transaction on Monday, July 24th. The stock was sold at an average price of $139.78, for a total transaction of $506,842.28. Following the completion of the transaction, the director now directly owns 4,316 shares in the company, valued at $603,290.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,054 shares of company stock worth $1,952,903. 0.79% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pacad Investment Ltd. purchased a new position in Wabco Holdings in the second quarter worth $179,000. Cortina Asset Management LLC purchased a new position in Wabco Holdings in the first quarter worth $200,000. Trexquant Investment LP purchased a new position in Wabco Holdings in the second quarter worth $204,000. Denver Investment Advisors LLC purchased a new position in Wabco Holdings in the first quarter worth $205,000. Finally, RGT Capital Management Ltd. purchased a new position in Wabco Holdings in the first quarter worth $206,000. 97.54% of the stock is currently owned by institutional investors and hedge funds.
Wabco Holdings (NYSE WBC) opened at 141.86 on Tuesday. Wabco Holdings has a 12-month low of $96.10 and a 12-month high of $144.98. The stock has a market cap of $7.61 billion, a P/E ratio of 23.66 and a beta of 1.64. The firm’s 50 day moving average price is $139.01 and its 200-day moving average price is $124.80.
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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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