Wabco Holdings Inc. (WBC) Expected to Post Quarterly Sales of $737.69 Million
Wall Street brokerages expect Wabco Holdings Inc. (NYSE:WBC) to announce sales of $737.69 million for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Wabco Holdings’ earnings, with the lowest sales estimate coming in at $725.55 million and the highest estimate coming in at $749.60 million. Wabco Holdings posted sales of $675.40 million during the same quarter last year, which suggests a positive year-over-year growth rate of 9.2%. The company is expected to issue its next quarterly earnings report on Thursday, October 19th.
On average, analysts expect that Wabco Holdings will report full-year sales of $737.69 million for the current financial year, with estimates ranging from $3.03 billion to $3.07 billion. For the next financial year, analysts forecast that the firm will post sales of $3.27 billion per share, with estimates ranging from $3.22 billion to $3.32 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Wabco Holdings.
Wabco Holdings (NYSE:WBC) last released its quarterly earnings data on Thursday, July 20th. The auto parts company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.54 by $0.15. Wabco Holdings had a return on equity of 40.21% and a net margin of 11.23%. The company had revenue of $795 million during the quarter, compared to the consensus estimate of $759.33 million. During the same period last year, the company earned $1.43 EPS. Wabco Holdings’s revenue for the quarter was up 8.6% on a year-over-year basis.
A number of brokerages have recently weighed in on WBC. Royal Bank Of Canada reissued a “buy” rating and issued a $127.00 price objective on shares of Wabco Holdings in a report on Friday, July 7th. Piper Jaffray Companies reissued a “buy” rating and issued a $147.00 price objective on shares of Wabco Holdings in a report on Wednesday, July 19th. Stifel Nicolaus reissued a “buy” rating and issued a $130.00 price objective on shares of Wabco Holdings in a report on Monday, April 24th. BidaskClub raised Wabco Holdings from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Finally, Bank of America Corporation set a $150.00 price objective on Wabco Holdings and gave the company a “buy” rating in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. Wabco Holdings presently has an average rating of “Buy” and a consensus target price of $135.00.
Wabco Holdings (NYSE WBC) traded down 0.11% during midday trading on Friday, reaching $139.00. The company had a trading volume of 68,710 shares. The company has a market capitalization of $7.45 billion, a P/E ratio of 23.19 and a beta of 1.65. The firm has a 50-day moving average of $130.42 and a 200 day moving average of $119.74. Wabco Holdings has a 1-year low of $96.10 and a 1-year high of $144.98.
In related news, insider Lisa Jane Brown sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $140.00, for a total value of $140,000.00. Following the completion of the sale, the insider now owns 4,228 shares of the company’s stock, valued at $591,920. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Sean Deason sold 789 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $140.50, for a total value of $110,854.50. Following the completion of the sale, the vice president now directly owns 2,277 shares of the company’s stock, valued at approximately $319,918.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,054 shares of company stock valued at $1,952,903. Insiders own 0.79% of the company’s stock.
Several large investors have recently bought and sold shares of WBC. Wells Fargo & Company MN boosted its stake in Wabco Holdings by 5.6% in the first quarter. Wells Fargo & Company MN now owns 742,829 shares of the auto parts company’s stock valued at $87,223,000 after buying an additional 39,192 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in Wabco Holdings by 0.3% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 13,525 shares of the auto parts company’s stock valued at $1,588,000 after buying an additional 45 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Wabco Holdings by 1.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,816 shares of the auto parts company’s stock valued at $448,000 after buying an additional 51 shares in the last quarter. Perennial Advisors LLC boosted its stake in Wabco Holdings by 30.4% in the first quarter. Perennial Advisors LLC now owns 9,331 shares of the auto parts company’s stock valued at $1,096,000 after buying an additional 2,175 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Wabco Holdings by 95.4% in the first quarter. Janney Montgomery Scott LLC now owns 20,723 shares of the auto parts company’s stock valued at $2,433,000 after buying an additional 10,116 shares in the last quarter.
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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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