Analysts Expect WABCO Holdings Inc. (WBC) Will Announce Quarterly Sales of $995.62 Million

Wall Street analysts expect WABCO Holdings Inc. (NYSE:WBC) to post $995.62 million in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for WABCO’s earnings, with the highest sales estimate coming in at $1.01 billion and the lowest estimate coming in at $964.80 million. WABCO posted sales of $1.00 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.4%. The company is scheduled to report its next earnings report on Thursday, July 18th.

On average, analysts expect that WABCO will report full year sales of $3.84 billion for the current year, with estimates ranging from $3.75 billion to $3.91 billion. For the next year, analysts forecast that the firm will post sales of $3.96 billion, with estimates ranging from $3.81 billion to $4.08 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow WABCO.

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

Several research analysts have recently weighed in on the stock. Citigroup cut shares of WABCO from a “buy” rating to a “neutral” rating and lowered their price target for the company from $155.00 to $136.50 in a research report on Friday, March 29th. ValuEngine raised shares of WABCO from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th. William Blair cut shares of WABCO from an “outperform” rating to a “market perform” rating in a research report on Friday, April 26th. Royal Bank of Canada cut shares of WABCO from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $136.00 to $136.50 in a research report on Friday, March 29th. Finally, Stifel Nicolaus set a $134.00 price target on shares of WABCO and gave the company a “buy” rating in a research report on Wednesday, February 20th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company. WABCO currently has an average rating of “Hold” and a consensus target price of $134.20.

Shares of WBC stock opened at $130.93 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.13 and a current ratio of 2.60. The stock has a market cap of $6.72 billion, a PE ratio of 16.64, a PEG ratio of 1.14 and a beta of 1.59. WABCO has a twelve month low of $98.90 and a twelve month high of $146.68.

In other WABCO news, insider Nicolas Bardot sold 1,145 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $120.93, for a total value of $138,464.85. Following the transaction, the insider now owns 4,546 shares of the company’s stock, valued at $549,747.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.58% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC lifted its position in WABCO by 12.6% in the fourth quarter. FMR LLC now owns 3,874,508 shares of the auto parts company’s stock valued at $415,890,000 after buying an additional 434,629 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in WABCO by 2.6% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,888,228 shares of the auto parts company’s stock worth $310,023,000 after purchasing an additional 72,938 shares during the period. BlackRock Inc. increased its stake in WABCO by 0.8% during the first quarter. BlackRock Inc. now owns 2,668,252 shares of the auto parts company’s stock worth $351,755,000 after purchasing an additional 21,020 shares during the period. First Manhattan Co. increased its stake in WABCO by 2.1% during the first quarter. First Manhattan Co. now owns 1,424,689 shares of the auto parts company’s stock worth $187,816,000 after purchasing an additional 29,775 shares during the period. Finally, Boston Partners increased its stake in WABCO by 2.7% during the fourth quarter. Boston Partners now owns 1,103,674 shares of the auto parts company’s stock worth $118,469,000 after purchasing an additional 28,781 shares during the period. 99.82% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for WABCO (NYSE:WBC)

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