Brokerages expect that WABCO Holdings Inc. (NYSE:WBC) will report $885.52 million in sales for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for WABCO’s earnings, with the highest sales estimate coming in at $912.30 million and the lowest estimate coming in at $851.69 million. WABCO reported sales of $713.70 million in the same quarter last year, which indicates a positive year-over-year growth rate of 24.1%. The business is scheduled to announce its next earnings results on Friday, February 16th.

According to Zacks, analysts expect that WABCO will report full year sales of $885.52 million for the current fiscal year, with estimates ranging from $3.22 billion to $3.28 billion. For the next financial year, analysts expect that the firm will report sales of $3.67 billion per share, with estimates ranging from $3.49 billion to $3.79 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for WABCO.

WABCO (NYSE:WBC) last announced its quarterly earnings results on Thursday, October 19th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.18. The business had revenue of $827.80 million for the quarter, compared to analyst estimates of $756.57 million. WABCO had a net margin of 9.75% and a return on equity of 38.93%. The company’s revenue was up 22.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.54 EPS.

WBC has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of WABCO from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. KeyCorp raised their target price on shares of WABCO from $161.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, October 20th. Citigroup raised their target price on shares of WABCO from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Robert W. Baird reaffirmed a “buy” rating and issued a $149.00 target price on shares of WABCO in a research report on Thursday, August 24th. Finally, Buckingham Research began coverage on shares of WABCO in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $142.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $159.80.

Shares of WABCO (NYSE WBC) opened at $140.90 on Friday. The stock has a market cap of $7,707.10, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 1.44 and a beta of 1.67. WABCO has a twelve month low of $102.39 and a twelve month high of $156.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.00 and a quick ratio of 2.60.

In related news, Chairman Jacques Esculier sold 172,394 shares of WABCO stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $151.24, for a total transaction of $26,072,868.56. Following the completion of the transaction, the chairman now directly owns 312,079 shares of the company’s stock, valued at approximately $47,198,827.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.79% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of WBC. Trexquant Investment LP purchased a new position in WABCO during the 2nd quarter valued at about $204,000. Canada Pension Plan Investment Board lifted its position in WABCO by 0.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 90,913 shares of the auto parts company’s stock valued at $11,592,000 after acquiring an additional 400 shares during the period. Schwab Charles Investment Management Inc. increased its stake in WABCO by 6.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 171,884 shares of the auto parts company’s stock valued at $21,917,000 after purchasing an additional 10,072 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in WABCO by 9.1% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 10,780 shares of the auto parts company’s stock valued at $1,437,000 after purchasing an additional 899 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in WABCO by 5.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 280,960 shares of the auto parts company’s stock valued at $35,824,000 after purchasing an additional 13,897 shares in the last quarter. 95.32% of the stock is owned by institutional investors.

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About WABCO

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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Earnings History and Estimates for WABCO (NYSE:WBC)

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