$993.99 Million in Sales Expected for WABCO Holdings Inc. (NYSE:WBC) This Quarter

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Analysts predict that WABCO Holdings Inc. (NYSE:WBC) will report $993.99 million in sales for the current fiscal quarter, according to Zacks. Six analysts have issued 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 0.6%. The business is expected to issue its next quarterly earnings results on Thursday, July 18th.

According to Zacks, analysts expect that WABCO will report full year sales of $3.82 billion for the current year, with estimates ranging from $3.75 billion to $3.89 billion. For the next fiscal year, analysts anticipate that the business will post sales of $3.94 billion, with estimates ranging from $3.80 billion to $4.08 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow WABCO.

WABCO (NYSE:WBC) last announced its quarterly earnings results on Friday, April 26th. The auto parts company reported $1.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.85 by ($0.21). WABCO had a net margin of 10.04% and a return on equity of 30.90%. The business had revenue of $932.90 million during the quarter, compared to the consensus estimate of $972.31 million.

WBC has been the topic of several recent research reports. 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. ValuEngine raised shares of WABCO from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. Stephens cut shares of WABCO from an “overweight” rating to an “equal weight” rating and set a $137.00 price target on the stock. in a research report on Thursday, March 28th. Morgan Stanley raised their price target on shares of WABCO from $116.00 to $137.00 and gave the company an “equal weight” rating in a research report on Monday, March 4th. Finally, Vertical Research upgraded shares of WABCO from a “sell” rating to a “hold” rating and set a $141.98 price objective for the company in a research note on Wednesday, February 27th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company. WABCO has an average rating of “Hold” and an average target price of $133.57.

A number of large investors have recently bought and sold shares of WBC. Alpine Associates Management Inc. purchased a new stake in WABCO in the 1st quarter valued at about $62,568,000. Norges Bank purchased a new stake in shares of WABCO during the 4th quarter worth approximately $49,994,000. FMR LLC increased its stake in shares of WABCO by 12.6% during the 4th quarter. FMR LLC now owns 3,874,508 shares of the auto parts company’s stock worth $415,890,000 after purchasing an additional 434,629 shares during the last quarter. CNH Partners LLC purchased a new stake in shares of WABCO during the 1st quarter worth approximately $50,767,000. Finally, Gabelli Funds LLC purchased a new stake in shares of WABCO during the 1st quarter worth approximately $37,934,000. Hedge funds and other institutional investors own 93.60% of the company’s stock.

NYSE WBC traded down $0.17 during trading hours on Friday, hitting $130.79. The company’s stock had a trading volume of 159,100 shares, compared to its average volume of 790,189. WABCO has a 52 week low of $98.90 and a 52 week high of $146.68. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 1.14 and a beta of 1.49. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.13 and a current ratio of 2.60.

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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