WABCO Holdings Inc. (NYSE:WBC) Expected to Announce Quarterly Sales of $930.41 Million

Analysts expect that WABCO Holdings Inc. (NYSE:WBC) will announce $930.41 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for WABCO’s earnings, with estimates ranging from $886.34 million to $960.80 million. WABCO posted sales of $914.80 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.7%. The business is scheduled to issue its next quarterly earnings results on Thursday, October 17th.

According to Zacks, analysts expect that WABCO will report full year sales of $3.75 billion for the current fiscal year, with estimates ranging from $3.63 billion to $3.87 billion. For the next financial year, analysts forecast that the company will post sales of $3.83 billion, with estimates ranging from $3.60 billion to $4.06 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover WABCO.

WABCO (NYSE:WBC) last announced its quarterly earnings results on Friday, July 19th. The auto parts company reported $1.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.97 by ($0.59). The company had revenue of $912.80 million during the quarter, compared to analysts’ expectations of $983.88 million. WABCO had a net margin of 9.36% and a return on equity of 27.31%.

A number of brokerages have recently issued reports on WBC. William Blair lowered shares of WABCO from an “outperform” rating to a “market perform” rating in a research report on Friday, April 26th. Wolfe Research lowered shares of WABCO from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $133.57.

In related news, insider Nicolas Bardot sold 750 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $132.00, for a total transaction of $99,000.00. Following the completion of the sale, the insider now directly owns 3,053 shares of the company’s stock, valued at $402,996. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.58% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Icon Wealth Partners LLC acquired a new stake in WABCO in the first quarter valued at $27,000. Meeder Asset Management Inc. lifted its holdings in WABCO by 1,152.9% in the first quarter. Meeder Asset Management Inc. now owns 213 shares of the auto parts company’s stock valued at $28,000 after acquiring an additional 196 shares during the period. FTB Advisors Inc. acquired a new stake in WABCO in the second quarter valued at $31,000. Advisory Services Network LLC acquired a new stake in WABCO in the second quarter valued at $38,000. Finally, Kavar Capital Partners LLC acquired a new stake in WABCO in the second quarter valued at $43,000. 93.17% of the stock is owned by hedge funds and other institutional investors.

Shares of WBC traded up $0.11 during mid-day trading on Thursday, reaching $132.85. 257,500 shares of the company’s stock were exchanged, compared to its average volume of 661,585. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.98 and a quick ratio of 2.49. The stock has a market capitalization of $6.78 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.40. The business’s fifty day simple moving average is $132.45 and its 200-day simple moving average is $131.52. WABCO has a 52-week low of $98.90 and a 52-week high of $146.68.


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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