Brokerages Expect WABCO Holdings Inc. (WBC) to Announce $1.69 Earnings Per Share

Equities research analysts expect that WABCO Holdings Inc. (NYSE:WBC) will post earnings per share of $1.69 for the current quarter, Zacks reports. Six analysts have issued estimates for WABCO’s earnings. The highest EPS estimate is $1.78 and the lowest is $1.57. WABCO posted earnings of $1.71 per share in the same quarter last year, which suggests a negative year over year growth rate of 1.2%. The firm is expected to announce its next quarterly earnings results on Thursday, October 18th.

According to Zacks, analysts expect that WABCO will report full year earnings of $7.56 per share for the current financial year, with EPS estimates ranging from $7.45 to $7.66. For the next financial year, analysts forecast that the firm will post earnings of $8.20 per share, with EPS estimates ranging from $7.76 to $8.65. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for WABCO.

WABCO (NYSE:WBC) last issued its earnings results on Thursday, July 19th. The auto parts company reported $2.00 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.10. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $989.16 million. WABCO had a net margin of 11.77% and a return on equity of 34.37%. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.69 earnings per share.

A number of brokerages have recently commented on WBC. ValuEngine upgraded shares of WABCO from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 10th. Bank of America reduced their target price on shares of WABCO from $148.00 to $130.00 and set a “buy” rating for the company in a research report on Friday. Royal Bank of Canada reiterated a “buy” rating and issued a $160.00 target price on shares of WABCO in a research report on Friday, July 20th. Mizuho began coverage on shares of WABCO in a research report on Thursday, June 28th. They issued a “neutral” rating and a $130.00 target price for the company. Finally, Buckingham Research set a $125.00 target price on shares of WABCO and gave the company a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. WABCO currently has an average rating of “Hold” and a consensus price target of $151.93.

A number of institutional investors have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY increased its position in WABCO by 11.4% during the second quarter. Metropolitan Life Insurance Co. NY now owns 4,216 shares of the auto parts company’s stock worth $493,000 after purchasing an additional 433 shares during the last quarter. Toronto Dominion Bank increased its position in WABCO by 16.1% during the first quarter. Toronto Dominion Bank now owns 3,487 shares of the auto parts company’s stock worth $467,000 after purchasing an additional 484 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in WABCO by 3.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,082 shares of the auto parts company’s stock worth $2,019,000 after purchasing an additional 500 shares during the last quarter. Brinker Capital Inc. increased its position in WABCO by 22.4% during the first quarter. Brinker Capital Inc. now owns 2,733 shares of the auto parts company’s stock worth $366,000 after purchasing an additional 501 shares during the last quarter. Finally, First Mercantile Trust Co. increased its position in WABCO by 94.7% during the first quarter. First Mercantile Trust Co. now owns 1,328 shares of the auto parts company’s stock worth $178,000 after purchasing an additional 646 shares during the last quarter.

Shares of NYSE WBC traded down $0.55 during mid-day trading on Thursday, reaching $115.57. The company’s stock had a trading volume of 1,193,448 shares, compared to its average volume of 288,940. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 1.03 and a beta of 1.83. The company has a quick ratio of 2.07, a current ratio of 2.48 and a debt-to-equity ratio of 0.67. WABCO has a 1-year low of $110.50 and a 1-year high of $162.20.

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, transmission automation, and air management systems primarily for commercial vehicles.

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