Wall Street analysts forecast that WABCO Holdings Inc. (NYSE:WBC) will announce earnings per share of $1.79 for the current quarter, Zacks reports. Six analysts have made estimates for WABCO’s earnings, with the highest EPS estimate coming in at $1.83 and the lowest estimate coming in at $1.74. WABCO reported earnings of $1.47 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 21.8%. The firm is scheduled to issue its next earnings results on Friday, February 16th.

On average, analysts expect that WABCO will report full-year earnings of $6.66 per share for the current financial year, with EPS estimates ranging from $6.60 to $6.70. For the next fiscal year, analysts forecast that the firm will report earnings of $7.55 per share, with EPS estimates ranging from $7.20 to $7.79. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover WABCO.

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

A number of research analysts recently weighed in on WBC shares. Zacks Investment Research raised shares of WABCO from a “hold” rating to a “buy” rating and set a $159.00 target price for the company in a research report on Tuesday, September 19th. KeyCorp reaffirmed a “buy” rating and issued a $161.00 target price (up previously from $156.00) on shares of WABCO in a research report on Tuesday, September 19th. Berenberg Bank started coverage on shares of WABCO in a research report on Monday, September 25th. They issued a “buy” rating and a $173.00 target price for the company. Citigroup raised their target price on shares of WABCO from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 target price on shares of WABCO in a research report on Thursday, October 12th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. WABCO currently has an average rating of “Buy” and a consensus target price of $159.87.

WABCO (WBC) traded up $2.31 during trading on Tuesday, reaching $155.02. 222,900 shares of the company were exchanged, compared to its average volume of 237,633. The company has a market capitalization of $8,316.54, a P/E ratio of 27.98, a P/E/G ratio of 1.37 and a beta of 1.67. WABCO has a 1-year low of $103.40 and a 1-year high of $156.08. The company has a current ratio of 3.00, a quick ratio of 2.60 and a debt-to-equity ratio of 0.99.

In other 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 value of $26,072,868.56. Following the completion of the transaction, the chairman now owns 312,079 shares of the company’s stock, valued at approximately $47,198,827.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.79% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pensionfund Sabic acquired a new stake in shares of WABCO during the 4th quarter worth about $1,435,000. Oakbrook Investments LLC acquired a new stake in shares of WABCO during the 3rd quarter worth about $253,000. Toronto Dominion Bank lifted its stake in shares of WABCO by 241.4% during the 3rd quarter. Toronto Dominion Bank now owns 2,171 shares of the auto parts company’s stock worth $321,000 after buying an additional 1,535 shares during the last quarter. Shelton Capital Management acquired a new stake in shares of WABCO during the 2nd quarter worth about $8,894,000. Finally, Janus Henderson Group PLC lifted its stake in shares of WABCO by 163.9% during the 2nd quarter. Janus Henderson Group PLC now owns 15,602 shares of the auto parts company’s stock worth $1,989,000 after buying an additional 9,689 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “$1.79 EPS Expected for WABCO Holdings Inc. (WBC) This Quarter” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2018/01/16/1-79-eps-expected-for-wabco-holdings-inc-wbc-this-quarter.html.

WABCO 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.

Get a free copy of the Zacks research report on WABCO (WBC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for WABCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WABCO and related companies with MarketBeat.com's FREE daily email newsletter.