Wabco Holdings Inc. (WBC) Expected to Earn Q1 2019 Earnings of $1.89 Per Share
Wabco Holdings Inc. (NYSE:WBC) – Equities researchers at Seaport Global Securities issued their Q1 2019 earnings estimates for shares of Wabco Holdings in a report issued on Thursday. Seaport Global Securities analyst R. Wood anticipates that the auto parts company will post earnings of $1.89 per share for the quarter. Seaport Global Securities also issued estimates for Wabco Holdings’ Q2 2019 earnings at $1.96 EPS, Q3 2019 earnings at $2.13 EPS and FY2019 earnings at $8.22 EPS.
A number of other brokerages also recently commented on WBC. BMO Capital Markets upped their target price on shares of Wabco Holdings from $147.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday. Royal Bank Of Canada restated 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 downgraded shares of Wabco Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. Robert W. Baird restated a “buy” rating and issued a $149.00 target price on shares of Wabco Holdings in a research note on Thursday, August 24th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $160.00 target price on shares of Wabco Holdings in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Wabco Holdings has a consensus rating of “Buy” and a consensus target price of $159.80.
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Shares of Wabco Holdings (WBC) opened at 154.66 on Monday. The company has a market capitalization of $8.29 billion, a PE ratio of 25.80 and a beta of 1.65. Wabco Holdings has a 1-year low of $96.10 and a 1-year high of $155.94. The company has a 50 day moving average price of $147.26 and a 200 day moving average price of $131.57.
Wabco Holdings (NYSE:WBC) last posted its earnings results on Thursday, October 19th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.18. The company had revenue of $827.80 million for the quarter, compared to analysts’ expectations of $756.57 million. Wabco Holdings had a return on equity of 41.10% and a net margin of 9.75%. Wabco Holdings’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period last year, the firm earned $1.54 earnings per share.
In other Wabco Holdings news, insider Lisa Jane Brown sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $140.00, for a total value of $140,000.00. Following the completion of the transaction, the insider now owns 4,228 shares of the company’s stock, valued at $591,920. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Juergen Gromer sold 7,127 shares of the firm’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 transaction, the director now directly owns 969 shares of the company’s stock, valued at approximately $133,722. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Fox Run Management L.L.C. raised its holdings in shares of Wabco Holdings by 189.5% in the second quarter. Fox Run Management L.L.C. now owns 5,500 shares of the auto parts company’s stock worth $701,000 after buying an additional 3,600 shares during the last quarter. Cipher Capital LP purchased a new position in shares of Wabco Holdings in the second quarter worth $535,000. Alliancebernstein L.P. raised its holdings in shares of Wabco Holdings by 4.6% in the second quarter. Alliancebernstein L.P. now owns 461,337 shares of the auto parts company’s stock worth $58,825,000 after buying an additional 20,348 shares during the last quarter. CI Investments Inc. purchased a new position in shares of Wabco Holdings in the second quarter worth $6,240,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Wabco Holdings by 20.5% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 16,093 shares of the auto parts company’s stock worth $2,052,000 after buying an additional 2,735 shares during the last quarter. 97.52% of the stock is owned by institutional investors and hedge funds.
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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