Brokerages Anticipate WABCO Holdings Inc. (NYSE:WBC) Will Announce Earnings of $1.78 Per Share

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Brokerages expect that WABCO Holdings Inc. (NYSE:WBC) will post earnings per share (EPS) of $1.78 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for WABCO’s earnings. The lowest EPS estimate is $1.41 and the highest is $1.99. WABCO also reported earnings per share of $1.78 in the same quarter last year. The company is expected to issue its next earnings report on Thursday, October 17th.

On average, analysts expect that WABCO will report full-year earnings of $7.42 per share for the current fiscal year, with EPS estimates ranging from $5.99 to $7.93. For the next fiscal year, analysts forecast that the firm will report earnings of $7.77 per share, with EPS estimates ranging from $6.31 to $8.79. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover WABCO.

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

NYSE:WBC traded up $0.37 during trading hours on Thursday, hitting $134.00. The stock had a trading volume of 210,867 shares, compared to its average volume of 637,599. The company has a market cap of $6.85 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 1.20 and a beta of 1.38. The business has a 50 day simple moving average of $132.76 and a two-hundred day simple moving average of $133.15. WABCO has a 1-year low of $98.90 and a 1-year high of $146.68. The company has a current ratio of 2.98, a quick ratio of 2.49 and a debt-to-equity ratio of 0.65.

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

Several hedge funds and other institutional investors have recently made changes to their positions in WBC. ZWJ Investment Counsel Inc. grew its stake in WABCO by 4.0% during the 1st quarter. ZWJ Investment Counsel Inc. now owns 111,737 shares of the auto parts company’s stock valued at $14,730,000 after purchasing an additional 4,264 shares in the last quarter. Havens Advisors LLC purchased a new position in shares of WABCO during the 2nd quarter valued at approximately $1,525,000. Clearbridge Investments LLC grew its position in shares of WABCO by 1.7% during the first quarter. Clearbridge Investments LLC now owns 805,176 shares of the auto parts company’s stock worth $106,146,000 after buying an additional 13,654 shares in the last quarter. Alpine Associates Management Inc. bought a new stake in shares of WABCO in the first quarter worth $62,568,000. Finally, Public Employees Retirement System of Ohio increased its stake in shares of WABCO by 43.6% in the second quarter. Public Employees Retirement System of Ohio now owns 69,048 shares of the auto parts company’s stock worth $9,156,000 after buying an additional 20,962 shares during the last quarter. 93.24% of the stock is currently owned by institutional investors and hedge funds.

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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