Wall Street analysts expect that WABCO Holdings Inc. (NYSE:WBC) will announce sales of $923.57 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for WABCO’s earnings, with estimates ranging from $886.34 million to $960.80 million. WABCO posted sales of $914.80 million in the same quarter last year, which suggests a positive year over year growth rate of 1%. The firm is scheduled to issue its next quarterly earnings report on Thursday, October 17th.
According to Zacks, analysts expect that WABCO will report full year sales of $3.71 billion for the current financial year, with estimates ranging from $3.63 billion to $3.86 billion. For the next fiscal year, analysts expect that the firm will post sales of $3.75 billion, with estimates ranging from $3.60 billion to $4.01 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for WABCO.
WABCO (NYSE:WBC) last announced its quarterly earnings results on Friday, July 19th. The auto parts company reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.59). WABCO had a net margin of 9.36% and a return on equity of 27.31%. The company had revenue of $912.80 million for the quarter, compared to analysts’ expectations of $983.88 million.
WABCO stock traded up $0.37 during mid-day trading on Friday, hitting $134.00. The company had a trading volume of 210,867 shares, compared to its average volume of 637,599. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of 17.03, a P/E/G ratio of 1.20 and a beta of 1.38. WABCO has a 12-month low of $98.90 and a 12-month high of $146.68. The company’s fifty day moving average is $132.76 and its 200-day moving average is $133.15. 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 related news, insider Nicolas Bardot sold 750 shares of the business’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 approximately $402,996. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.58% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of WABCO by 1.9% in the second quarter. Vanguard Group Inc. now owns 4,572,088 shares of the auto parts company’s stock worth $606,260,000 after acquiring an additional 84,725 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of WABCO by 6.1% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,065,682 shares of the auto parts company’s stock valued at $404,149,000 after acquiring an additional 177,454 shares during the period. BlackRock Inc. increased its stake in shares of WABCO by 0.8% in the 1st quarter. BlackRock Inc. now owns 2,668,252 shares of the auto parts company’s stock valued at $351,755,000 after purchasing an additional 21,020 shares in the last quarter. Magnetar Financial LLC raised its holdings in WABCO by 124.5% in the 2nd quarter. Magnetar Financial LLC now owns 1,665,196 shares of the auto parts company’s stock worth $220,805,000 after purchasing an additional 923,359 shares during the period. Finally, Alpine Associates Management Inc. raised its holdings in WABCO by 176.9% in the 2nd quarter. Alpine Associates Management Inc. now owns 1,314,110 shares of the auto parts company’s stock worth $174,252,000 after purchasing an additional 839,507 shares during the period. Institutional investors own 93.24% of the company’s stock.
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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