Analysts Expect WABCO Holdings Inc. (NYSE:WBC) Will Announce Earnings of $2.00 Per Share

Equities research analysts expect WABCO Holdings Inc. (NYSE:WBC) to post earnings per share of $2.00 for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for WABCO’s earnings. The highest EPS estimate is $2.13 and the lowest is $1.90. WABCO also posted earnings per share of $2.00 in the same quarter last year. The company is scheduled to issue its next quarterly earnings report on Thursday, July 18th.

According to Zacks, analysts expect that WABCO will report full year earnings of $7.64 per share for the current fiscal year, with EPS estimates ranging from $7.30 to $7.93. For the next year, analysts anticipate that the company will post earnings of $7.99 per share, with EPS estimates ranging from $7.35 to $8.79. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover WABCO.

WABCO (NYSE:WBC) last released its earnings results on Friday, April 26th. The auto parts company reported $1.64 EPS for the quarter, missing the Zacks’ consensus estimate of $1.85 by ($0.21). WABCO had a return on equity of 30.90% and a net margin of 10.04%. The firm had revenue of $932.90 million for the quarter, compared to analyst estimates of $972.31 million.

A number of equities research analysts recently commented on the company. Stifel Nicolaus downgraded WABCO from a “buy” rating to a “hold” rating and set a $137.00 target price for the company. in a report on Thursday, March 28th. Piper Jaffray Companies downgraded WABCO from an “overweight” rating to a “neutral” rating and set a $137.00 target price for the company. in a report on Thursday, March 28th. Stephens downgraded WABCO from an “overweight” rating to an “equal weight” rating and set a $137.00 target price for the company. in a report on Thursday, March 28th. ValuEngine raised WABCO from a “hold” rating to a “buy” rating in a report on Wednesday, March 27th. Finally, Royal Bank of Canada downgraded WABCO from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from $136.00 to $136.50 in a report on Friday, March 29th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $133.57.

WABCO stock opened at $132.60 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.60 and a quick ratio of 2.13. WABCO has a 52 week low of $98.90 and a 52 week high of $146.68. The firm has a market capitalization of $6.79 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 1.15 and a beta of 1.49. The business’s 50-day moving average price is $131.12.

A number of large investors have recently made changes to their positions in WBC. Icon Wealth Partners LLC acquired a new position in shares of WABCO during the 1st quarter worth approximately $27,000. Meeder Asset Management Inc. raised its stake in shares of WABCO by 1,152.9% during the 1st quarter. Meeder Asset Management Inc. now owns 213 shares of the auto parts company’s stock worth $28,000 after buying an additional 196 shares during the period. Manchester Capital Management LLC acquired a new position in shares of WABCO during the 1st quarter worth approximately $55,000. Quadrant Capital Group LLC raised its stake in shares of WABCO by 108.3% during the 1st quarter. Quadrant Capital Group LLC now owns 654 shares of the auto parts company’s stock worth $83,000 after buying an additional 340 shares during the period. Finally, Quantamental Technologies LLC acquired a new position in shares of WABCO during the 1st quarter worth approximately $106,000. 94.50% of the stock is owned by 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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Earnings History and Estimates for WABCO (NYSE:WBC)

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