$1.79 EPS Expected for WABCO Holdings Inc. (WBC) This Quarter
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.
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.
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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.
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