Wabco Holdings Inc. to Post FY2017 Earnings of $6.30 Per Share, KeyCorp Forecasts (WBC)
Wabco Holdings Inc. (NYSE:WBC) – Investment analysts at KeyCorp issued their FY2017 earnings estimates for shares of Wabco Holdings in a report issued on Monday. KeyCorp analyst J. Hammond forecasts that the auto parts company will earn $6.30 per share for the year. KeyCorp has a “Buy” rating and a $161.00 price objective on the stock. KeyCorp also issued estimates for Wabco Holdings’ Q4 2017 earnings at $1.68 EPS and FY2018 earnings at $7.45 EPS.
Wabco Holdings (NYSE:WBC) last issued its quarterly earnings results on Thursday, July 20th. The auto parts company reported $1.69 EPS for the quarter, topping the Zacks’ 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 $795.00 million for the quarter, compared to analysts’ expectations of $759.33 million. During the same quarter last year, the business earned $1.43 earnings per share. Wabco Holdings’s revenue was up 8.6% on a year-over-year basis.
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WBC has been the topic of several other reports. Zacks Investment Research lowered Wabco Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Berenberg Bank initiated coverage on Wabco Holdings in a research report on Monday, September 25th. They set a “buy” rating and a $173.00 price objective on the stock. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $147.00 price target (up from $128.00) on shares of Wabco Holdings in a research report on Wednesday, October 4th. Buckingham Research initiated coverage on Wabco Holdings in a research report on Tuesday, September 5th. They set a “neutral” rating and a $142.00 price target on the stock. Finally, Royal Bank Of Canada restated a “buy” rating and set a $127.00 price target on shares of Wabco Holdings in a research report on Friday, July 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Wabco Holdings has a consensus rating of “Buy” and an average target price of $146.50.
Shares of Wabco Holdings (NYSE:WBC) opened at 149.84 on Thursday. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of 24.99 and a beta of 1.65. The stock’s 50 day moving average price is $145.10 and its 200-day moving average price is $129.98. Wabco Holdings has a 52 week low of $96.10 and a 52 week high of $152.61.
Several large investors have recently bought and sold shares of the stock. IHT Wealth Management LLC increased its stake 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 during the last quarter. Pacad Investment Ltd. bought a new position in shares of Wabco Holdings during the second quarter valued at approximately $179,000. Trexquant Investment LP bought a new position in shares of Wabco Holdings during the second quarter valued at approximately $204,000. Sawtooth Solutions LLC bought a new position in shares of Wabco Holdings during the second quarter valued at approximately $238,000. Finally, Laurion Capital Management LP bought a new position in shares of Wabco Holdings during the second quarter valued at approximately $242,000. Institutional investors own 97.53% of the company’s stock.
In related news, insider Lisa Jane Brown sold 1,000 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $140.00, for a total value of $140,000.00. Following the sale, the insider now directly owns 4,228 shares in the company, valued at $591,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director G Peter Daloia sold 3,626 shares of the business’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 completion of the sale, the director now owns 4,316 shares in the company, valued at $603,290.48. The disclosure for this sale can be found here. Insiders sold 14,054 shares of company stock worth $1,952,903 over the last 90 days. Company insiders own 0.79% of the company’s stock.
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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