Wabco Holdings Inc. (WBC) Scheduled to Post Earnings on Thursday
Wabco Holdings Inc. (NYSE:WBC) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, October 19th. Analysts expect Wabco Holdings to post earnings of $1.46 per share for the quarter. Wabco Holdings has set its FY17 guidance at $6.05-6.35 EPS.
Wabco Holdings (NYSE:WBC) last announced its earnings results on Thursday, July 20th. The auto parts company reported $1.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 $795.00 million during the quarter, compared to analysts’ expectations of $759.33 million. During the same quarter in the prior year, the company posted $1.43 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. On average, analysts expect Wabco Holdings to post $6.33 EPS for the current fiscal year and $7.24 EPS for the next fiscal year.
Wabco Holdings Inc. (NYSE:WBC) opened at 149.84 on Thursday. Wabco Holdings Inc. has a one year low of $96.10 and a one year high of $152.61. The firm has a market cap of $8.04 billion, a PE ratio of 24.99 and a beta of 1.65. The company’s 50-day moving average is $145.10 and its 200 day moving average is $129.98.
In other news, Director G Peter Daloia sold 3,626 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 4,316 shares in the company, valued at approximately $603,290.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Juergen Gromer sold 7,127 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $138.00, for a total transaction of $983,526.00. Following the completion of the sale, the director now owns 969 shares of the company’s stock, valued at approximately $133,722. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,054 shares of company stock valued at $1,952,903. Company insiders own 0.79% of the company’s stock.
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A number of analysts have commented on the stock. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $147.00 price target (up previously from $128.00) on shares of Wabco Holdings in a research note on Wednesday, October 4th. Zacks Investment Research upgraded shares of Wabco Holdings from a “hold” rating to a “buy” rating and set a $166.00 price target for the company in a research note on Friday, September 29th. Berenberg Bank assumed coverage on shares of Wabco Holdings in a research note on Monday, September 25th. They set a “buy” rating and a $173.00 price target for the company. Royal Bank Of Canada restated an “outperform” rating on shares of Wabco Holdings in a research note on Monday, September 25th. Finally, KeyCorp restated a “buy” rating and set a $161.00 price target (up previously from $156.00) on shares of Wabco Holdings in a research note on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $145.79.
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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