$923.57 Million in Sales Expected for WABCO Holdings Inc. (NYSE:WBC) This Quarter

Wall Street brokerages expect WABCO Holdings Inc. (NYSE:WBC) to report $923.57 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for WABCO’s earnings. The lowest sales estimate is $886.34 million and the highest is $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%. The business is expected to report its next earnings results on Thursday, October 17th.

On average, analysts expect that WABCO will report full year sales of $3.71 billion for the current fiscal year, with estimates ranging from $3.63 billion to $3.86 billion. For the next year, analysts anticipate that the firm will post sales of $3.75 billion, with estimates ranging from $3.60 billion to $4.01 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow WABCO.

WABCO (NYSE:WBC) last posted its earnings results on Friday, July 19th. The auto parts company reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%.

WABCO stock traded up $0.37 during mid-day trading on Friday, hitting $134.00. 210,867 shares of the company were exchanged, compared to its average volume of 637,599. WABCO has a 12-month low of $98.90 and a 12-month high of $146.68. The company has a market capitalization of $6.85 billion, a P/E ratio of 17.03, a PEG ratio of 1.20 and a beta of 1.38. The business’s 50 day simple moving average is $132.76 and its two-hundred day simple moving average is $133.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.98 and a quick ratio of 2.49.

In other news, insider Nicolas Bardot sold 750 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $132.00, for a total value of $99,000.00. Following the sale, the insider now directly owns 3,053 shares in the company, valued at $402,996. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.58% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of WBC. Dimensional Fund Advisors LP lifted its holdings in WABCO by 43.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 377,784 shares of the auto parts company’s stock valued at $40,550,000 after purchasing an additional 114,651 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of WABCO by 8.6% during the fourth quarter. Geode Capital Management LLC now owns 550,672 shares of the auto parts company’s stock valued at $59,072,000 after buying an additional 43,765 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in WABCO during the first quarter worth approximately $273,000. Candriam Luxembourg S.C.A. boosted its position in WABCO by 612.5% during the first quarter. Candriam Luxembourg S.C.A. now owns 47,940 shares of the auto parts company’s stock worth $6,320,000 after acquiring an additional 41,212 shares during the last quarter. Finally, Gamco Investors INC. ET AL purchased a new stake in WABCO in the 1st quarter worth approximately $9,149,000. Hedge funds and other institutional investors own 93.24% 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, steering, transmission automation, and air management systems primarily for commercial vehicles.

Recommended Story: Why are analyst ratings important in trading stocks?

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.