$2.01 EPS Expected for WABCO Holdings Inc. (WBC) This Quarter

Wall Street brokerages expect WABCO Holdings Inc. (NYSE:WBC) to post earnings per share of $2.01 for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for WABCO’s earnings, with estimates ranging from $1.90 to $2.13. WABCO reported earnings of $2.00 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.5%. The company is scheduled to announce its next quarterly earnings report on Thursday, July 18th.

According to Zacks, analysts expect that WABCO will report full-year earnings of $7.65 per share for the current fiscal year, with EPS estimates ranging from $7.30 to $7.93. For the next year, analysts forecast that the business will report earnings of $8.06 per share, with EPS estimates ranging from $7.35 to $8.79. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for WABCO.

WABCO (NYSE:WBC) last issued its earnings results on Friday, February 15th. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.14. The business had revenue of $911.60 million during the quarter, compared to the consensus estimate of $963.33 million. WABCO had a return on equity of 30.90% and a net margin of 10.04%. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.00 EPS.

A number of equities analysts have recently issued reports on the company. Wolfe Research downgraded WABCO from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 30th. William Blair downgraded WABCO from an “outperform” rating to a “market perform” rating in a research note on Friday, April 26th. Citigroup downgraded WABCO from a “buy” rating to a “neutral” rating and cut their target price for the stock from $155.00 to $136.50 in a research note on Friday, March 29th. Royal Bank of Canada downgraded WABCO from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $136.00 to $136.50 in a research note on Friday, March 29th. Finally, Buckingham Research set a $136.00 target price on WABCO and gave the stock a “hold” rating in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $134.20.

Shares of WBC stock traded up $0.05 during trading hours on Tuesday, reaching $130.67. 729,310 shares of the company’s stock were exchanged, compared to its average volume of 658,944. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 1.14 and a beta of 1.59. WABCO has a 1 year low of $98.90 and a 1 year high of $146.68. The company has a current ratio of 2.60, a quick ratio of 2.13 and a debt-to-equity ratio of 0.62.

In related news, insider Nicolas Bardot sold 1,145 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $120.93, for a total value of $138,464.85. Following the completion of the transaction, the insider now directly owns 4,546 shares of the company’s stock, valued at approximately $549,747.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.58% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Federated Investors Inc. PA purchased a new position in shares of WABCO during the 3rd quarter valued at $32,126,000. DNB Asset Management AS acquired a new position in WABCO during the 4th quarter worth $1,121,000. Founders Capital Management LLC acquired a new position in WABCO during the 4th quarter worth $428,000. Daiwa SB Investments Ltd. raised its position in shares of WABCO by 9.0% during the fourth quarter. Daiwa SB Investments Ltd. now owns 6,510 shares of the auto parts company’s stock valued at $699,000 after buying an additional 540 shares during the last quarter. Finally, American Trust Investment Advisors LLC raised its position in shares of WABCO by 4.1% during the fourth quarter. American Trust Investment Advisors LLC now owns 18,730 shares of the auto parts company’s stock valued at $2,010,000 after buying an additional 740 shares during the last quarter. 99.82% of the stock is owned by hedge funds and other institutional investors.

About WABCO

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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