Zacks: Brokerages Expect WABCO Holdings Inc. (NYSE:WBC) Will Post Earnings of $1.78 Per Share
Equities analysts predict that WABCO Holdings Inc. (NYSE:WBC) will report earnings of $1.78 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for WABCO’s earnings, with estimates ranging from $1.41 to $1.99. WABCO also reported earnings per share of $1.78 during the same quarter last year. The company is scheduled to issue its next earnings report on Thursday, October 17th.
According to Zacks, analysts expect that WABCO will report full year earnings of $7.42 per share for the current fiscal year, with EPS estimates ranging from $5.99 to $7.93. For the next fiscal year, analysts forecast that the business will post earnings of $7.77 per share, with EPS estimates ranging from $6.31 to $8.79. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow WABCO.
WABCO (NYSE:WBC) last posted its quarterly earnings data on Friday, July 19th. The auto parts company reported $1.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.97 by ($0.59). The business had revenue of $912.80 million for the quarter, compared to the consensus estimate of $983.88 million. WABCO had a net margin of 9.36% and a return on equity of 27.31%.
Several large investors have recently added to or reduced their stakes in WBC. TIG Advisors LLC acquired a new position in shares of WABCO in the second quarter worth about $41,621,000. Boston Partners increased its position in shares of WABCO by 2.3% in the second quarter. Boston Partners now owns 925,653 shares of the auto parts company’s stock worth $122,743,000 after acquiring an additional 20,667 shares in the last quarter. Natixis acquired a new stake in shares of WABCO during the second quarter valued at approximately $52,324,000. Magnetar Financial LLC raised its holdings in shares of WABCO by 124.5% during the second quarter. Magnetar Financial LLC now owns 1,665,196 shares of the auto parts company’s stock valued at $220,805,000 after acquiring an additional 923,359 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of WABCO by 16.3% in the 2nd quarter. Royal Bank of Canada now owns 212,018 shares of the auto parts company’s stock valued at $28,113,000 after acquiring an additional 29,695 shares in the last quarter. Institutional investors and hedge funds own 93.24% of the company’s stock.
WBC stock traded up $0.37 on Thursday, hitting $134.00. 210,867 shares of the company’s stock traded hands, compared to its average volume of 637,599. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 17.03, a P/E/G ratio of 1.20 and a beta of 1.38. WABCO has a 1-year low of $98.90 and a 1-year high of $146.68. The company has a current ratio of 2.98, a quick ratio of 2.49 and a debt-to-equity ratio of 0.65. The stock has a fifty day moving average of $132.76 and a 200-day moving average of $133.15.
WABCO Company Profile
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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