William Blair Weighs in on Wabco Holdings Inc.’s FY2017 Earnings (WBC)
Wabco Holdings Inc. (NYSE:WBC) – Analysts at William Blair issued their FY2017 EPS estimates for Wabco Holdings in a research report issued on Monday. William Blair analyst L. De. Maria expects that the auto parts company will post earnings of $6.25 per share for the year. William Blair also issued estimates for Wabco Holdings’ Q4 2017 earnings at $1.60 EPS and FY2018 earnings at $7.00 EPS.
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, beating the Zacks’ 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 company had revenue of $795.00 million for the quarter, compared to analyst estimates of $759.33 million. During the same quarter last year, the firm posted $1.43 earnings per share. The company’s quarterly revenue was up 8.6% compared to the same quarter last year.
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A number of other equities research analysts have also recently weighed in on WBC. Stifel Nicolaus restated a “buy” rating and issued a $160.00 price target on shares of Wabco Holdings in a research note on Thursday. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued 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 Wabco Holdings from a “hold” rating to a “buy” rating and set a $166.00 price target on the stock in a research note on Friday, September 29th. Berenberg Bank started coverage on Wabco Holdings in a research note on Monday, September 25th. They issued a “buy” rating and a $173.00 price target on the stock. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Wabco Holdings in a research report on Monday, September 25th. One equities 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’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $146.50.
Wabco Holdings (WBC) opened at 149.84 on Thursday. The stock has a 50 day moving average of $145.10 and a 200-day moving average of $129.98. The company has a market cap of $8.04 billion, a price-to-earnings ratio of 24.99 and a beta of 1.65. Wabco Holdings has a 52-week low of $96.10 and a 52-week high of $152.61.
A number of hedge funds have recently bought and sold shares of the business. Lord Abbett & CO. LLC bought a new stake in shares of Wabco Holdings in the second quarter valued at $24,187,000. Advisory Services Network LLC raised its stake in shares of Wabco Holdings by 0.6% in the second quarter. Advisory Services Network LLC now owns 7,046 shares of the auto parts company’s stock valued at $898,000 after buying an additional 40 shares during the period. Castleark Management LLC bought a new stake in shares of Wabco Holdings in the second quarter valued at $15,203,000. Nomura Holdings Inc. bought a new stake in shares of Wabco Holdings in the second quarter valued at $384,000. Finally, IHT Wealth Management LLC raised its stake in shares of Wabco Holdings by 190.0% in the second quarter. IHT Wealth Management LLC now owns 290 shares of the auto parts company’s stock valued at $256,000 after buying an additional 190 shares during the period. 97.53% of the stock is currently owned by institutional investors and hedge funds.
In other Wabco Holdings news, Director G Peter Daloia sold 3,626 shares of the business’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $139.78, for a total value of $506,842.28. Following the transaction, the director now owns 4,316 shares of the company’s stock, valued at $603,290.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Juergen Gromer sold 7,127 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $138.00, for a total value of $983,526.00. Following the completion of the transaction, the director now directly owns 969 shares in the company, valued at approximately $133,722. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,054 shares of company stock worth $1,952,903. 0.79% of the stock is owned by insiders.
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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