Analysts expect WABCO Holdings Inc. (NYSE:WBC) to post $995.62 million in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for WABCO’s earnings. The highest sales estimate is $1.01 billion and the lowest is $964.80 million. WABCO posted sales of $1.00 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 0.4%. The business is scheduled to report its next quarterly earnings report on Thursday, July 18th.
According to Zacks, analysts expect that WABCO will report full-year sales of $3.84 billion for the current financial year, with estimates ranging from $3.75 billion to $3.91 billion. For the next fiscal year, analysts anticipate that the business will report sales of $3.96 billion, with estimates ranging from $3.81 billion to $4.08 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow WABCO.
WABCO (NYSE:WBC) last posted its quarterly earnings results on Friday, February 15th. The auto parts company reported $2.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.14. The company had revenue of $911.60 million for the quarter, compared to the consensus estimate of $963.33 million. WABCO had a net margin of 10.04% and a return on equity of 30.90%. The firm’s revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.00 EPS.
Several research firms recently commented on WBC. ValuEngine raised shares of WABCO from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. JPMorgan Chase & Co. raised shares of WABCO from an “underweight” rating to a “neutral” rating and set a $121.00 price target on the stock in a research note on Thursday, February 28th. Stephens set a $152.00 price target on shares of WABCO and gave the stock an “overweight” rating in a research note on Thursday, February 28th. They noted that the move was a valuation call. Morgan Stanley raised their price target on shares of WABCO from $116.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Monday, March 4th. Finally, William Blair downgraded shares of WABCO from an “outperform” rating to a “market perform” rating in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $134.20.
In other WABCO news, insider Nicolas Bardot sold 1,145 shares of the stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $120.93, for a total transaction of $138,464.85. Following the transaction, the insider now directly owns 4,546 shares in the company, valued at approximately $549,747.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.58% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Athena Capital Advisors LLC bought a new position in WABCO during the 4th quarter worth about $27,000. Icon Wealth Partners LLC bought a new position in WABCO during the 1st quarter worth about $27,000. Meeder Asset Management Inc. grew its holdings in WABCO by 1,152.9% during the 1st quarter. Meeder Asset Management Inc. now owns 213 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 196 shares in the last quarter. Manchester Capital Management LLC bought a new position in WABCO during the 1st quarter worth about $55,000. Finally, Quadrant Capital Group LLC grew its holdings in WABCO by 108.3% during the 1st quarter. Quadrant Capital Group LLC now owns 654 shares of the auto parts company’s stock worth $83,000 after acquiring an additional 340 shares in the last quarter. Institutional investors own 99.82% of the company’s stock.
WBC stock opened at $130.93 on Thursday. The stock has a market capitalization of $6.72 billion, a P/E ratio of 16.64, a P/E/G ratio of 1.14 and a beta of 1.59. WABCO has a 12 month low of $98.90 and a 12 month high of $146.68. The company has a current ratio of 2.60, a quick ratio of 2.13 and a debt-to-equity ratio of 0.62.
WABCO Holdings Inc, together with its subsidiaries, supplies electronic, mechanical, electro-mechanical, and aerodynamic products worldwide. The company engineers, develops, manufactures, and sells braking, stability, suspension, steering, transmission automation, and air management systems primarily for commercial vehicles.
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