Zacks: Analysts Expect Wabco Holdings Inc. (WBC) to Post $1.49 Earnings Per Share
Analysts predict that Wabco Holdings Inc. (NYSE:WBC) will post earnings of $1.49 per share for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Wabco Holdings’ earnings. The highest EPS estimate is $1.59 and the lowest is $1.43. Wabco Holdings posted earnings per share of $1.54 during the same quarter last year, which would indicate a negative year over year growth rate of 3.2%. The company is expected to announce its next earnings results on Thursday, October 19th.
On average, analysts expect that Wabco Holdings will report full year earnings of $6.26 per share for the current fiscal year, with EPS estimates ranging from $6.23 to $6.30. For the next financial year, analysts anticipate that the firm will post earnings of $7.10 per share, with EPS estimates ranging from $6.85 to $7.33. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Wabco Holdings.
Wabco Holdings (NYSE:WBC) last issued its earnings results on Thursday, July 20th. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $759.33 million. During the same quarter in the previous year, the business earned $1.43 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis.
Several research analysts have weighed in on the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $137.00 target price on shares of Wabco Holdings in a research report on Thursday, July 20th. BidaskClub lowered Wabco Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $147.00 target price on shares of Wabco Holdings in a research report on Wednesday, July 19th. Zacks Investment Research raised Wabco Holdings from a “hold” rating to a “buy” rating and set a $161.00 target price on the stock in a research report on Tuesday, September 5th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $115.00 target price on shares of Wabco Holdings in a research report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $141.08.
Shares of Wabco Holdings (WBC) traded up 0.30% during mid-day trading on Friday, hitting $142.70. The stock had a trading volume of 169,608 shares. The company has a 50-day moving average of $139.14 and a 200 day moving average of $125.14. The firm has a market cap of $7.65 billion, a price-to-earnings ratio of 23.80 and a beta of 1.64. Wabco Holdings has a one year low of $96.10 and a one year high of $144.98.
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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 transaction of $140,000.00. Following the completion of the sale, the insider now owns 4,228 shares in the company, valued at approximately $591,920. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director G Peter Daloia sold 3,626 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $139.78, for a total value of $506,842.28. Following the sale, the director now owns 4,316 shares of the company’s stock, valued at approximately $603,290.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,054 shares of company stock valued at $1,952,903. 0.79% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. Concert Wealth Management Inc. boosted its stake in Wabco Holdings by 0.8% during the 1st quarter. Concert Wealth Management Inc. now owns 2,486 shares of the auto parts company’s stock valued at $266,000 after purchasing an additional 19 shares during the period. Advisory Services Network LLC boosted its stake in Wabco Holdings by 0.6% during the 2nd quarter. Advisory Services Network LLC now owns 7,046 shares of the auto parts company’s stock valued at $898,000 after purchasing an additional 40 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Wabco Holdings by 1.4% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,816 shares of the auto parts company’s stock valued at $448,000 after purchasing an additional 51 shares during the period. Stratos Wealth Partners LTD. boosted its stake in Wabco Holdings by 4.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 1,983 shares of the auto parts company’s stock valued at $253,000 after purchasing an additional 89 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in Wabco Holdings by 0.8% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 12,200 shares of the auto parts company’s stock valued at $1,434,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 97.54% of the company’s stock.
About Wabco Holdings
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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