Analysts Expect WABCO Holdings Inc. (WBC) to Post $1.94 Earnings Per Share

Equities research analysts expect WABCO Holdings Inc. (NYSE:WBC) to announce earnings per share of $1.94 for the current quarter, according to Zacks. Six analysts have made estimates for WABCO’s earnings, with the highest EPS estimate coming in at $1.99 and the lowest estimate coming in at $1.83. WABCO reported earnings per share of $2.00 during the same quarter last year, which would suggest a negative year over year growth rate of 3%. The firm is expected to announce its next quarterly earnings report on Friday, February 15th.

On average, analysts expect that WABCO will report full-year earnings of $7.51 per share for the current year, with EPS estimates ranging from $7.45 to $7.70. For the next year, analysts expect that the firm will post earnings of $8.08 per share, with EPS estimates ranging from $7.65 to $8.65. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for WABCO.

WABCO (NYSE:WBC) last issued its quarterly earnings data on Thursday, October 18th. The auto parts company reported $1.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.19. The company had revenue of $914.80 million for the quarter, compared to analysts’ expectations of $932.66 million. WABCO had a return on equity of 34.37% and a net margin of 11.77%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.71 earnings per share.

A number of research firms have recently commented on WBC. Piper Jaffray Companies set a $153.00 target price on WABCO and gave the company a “buy” rating in a research note on Wednesday, September 19th. BMO Capital Markets reaffirmed a “hold” rating and set a $130.00 target price (down previously from $135.00) on shares of WABCO in a research note on Friday, September 14th. Morgan Stanley set a $124.00 target price on WABCO and gave the company a “buy” rating in a research note on Friday. Royal Bank of Canada reaffirmed a “buy” rating and set a $160.00 target price on shares of WABCO in a research note on Friday, July 20th. Finally, Robert W. Baird cut WABCO from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $135.50.

WBC opened at $105.89 on Wednesday. The company has a market cap of $5.46 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 0.92 and a beta of 1.82. WABCO has a one year low of $101.23 and a one year high of $162.20. The company has a current ratio of 2.48, a quick ratio of 2.07 and a debt-to-equity ratio of 0.67.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Metropolitan Life Insurance Co. NY boosted its holdings in shares of WABCO by 11.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 4,216 shares of the auto parts company’s stock valued at $493,000 after purchasing an additional 433 shares during the period. Daiwa SB Investments Ltd. boosted its holdings in shares of WABCO by 9.1% in the third quarter. Daiwa SB Investments Ltd. now owns 5,970 shares of the auto parts company’s stock valued at $704,000 after purchasing an additional 500 shares during the period. Amalgamated Bank boosted its holdings in shares of WABCO by 6.8% in the first quarter. Amalgamated Bank now owns 10,815 shares of the auto parts company’s stock valued at $1,448,000 after purchasing an additional 689 shares during the period. Wesbanco Bank Inc. boosted its holdings in shares of WABCO by 28.6% in the second quarter. Wesbanco Bank Inc. now owns 3,600 shares of the auto parts company’s stock valued at $421,000 after purchasing an additional 800 shares during the period. Finally, Xact Kapitalforvaltning AB boosted its holdings in shares of WABCO by 7.0% in the first quarter. Xact Kapitalforvaltning AB now owns 12,351 shares of the auto parts company’s stock valued at $1,653,000 after purchasing an additional 811 shares during the period. Hedge funds and other institutional investors own 96.98% of the company’s stock.

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.

Further Reading: Leveraged Buyout (LBO) Explained

Get a free copy of the Zacks research report on WABCO (WBC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for WABCO (NYSE:WBC)

Receive News & Ratings for WABCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WABCO and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply