WABCO Holdings Inc. (NYSE:WBC) – Equities researchers at Piper Jaffray Companies decreased their Q4 2018 earnings per share (EPS) estimates for WABCO in a report released on Wednesday, September 19th, according to Zacks Investment Research. Piper Jaffray Companies analyst A. Potter now anticipates that the auto parts company will earn $1.98 per share for the quarter, down from their previous estimate of $2.03. Piper Jaffray Companies currently has a “Buy” rating and a $153.00 target price on the stock. Piper Jaffray Companies also issued estimates for WABCO’s Q1 2019 earnings at $2.17 EPS, Q4 2019 earnings at $2.09 EPS, FY2019 earnings at $8.15 EPS, FY2021 earnings at $9.16 EPS and FY2022 earnings at $9.71 EPS.
WBC has been the subject of a number of other reports. Morgan Stanley set a $135.00 price objective on shares of WABCO and gave the stock a “buy” rating in a research note on Thursday, September 13th. Mizuho started coverage on shares of WABCO in a research note on Thursday, June 28th. They issued a “neutral” rating and a $130.00 price objective for the company. Zacks Investment Research cut shares of WABCO from a “buy” rating to a “hold” rating in a research note on Saturday, July 7th. BMO Capital Markets reissued a “hold” rating and issued a $130.00 price objective (down from $135.00) on shares of WABCO in a research note on Friday, September 14th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $160.00 price objective on shares of WABCO in a research note on Friday, July 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. WABCO has a consensus rating of “Buy” and a consensus price target of $148.83.
WABCO (NYSE:WBC) last announced its earnings results on Thursday, July 19th. The auto parts company reported $2.00 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.10. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $989.16 million. WABCO had a net margin of 11.77% and a return on equity of 34.37%. The firm’s revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.69 earnings per share.
Large investors have recently modified their holdings of the stock. Next Century Growth Investors LLC bought a new position in shares of WABCO during the first quarter worth $112,000. SG Americas Securities LLC bought a new position in shares of WABCO during the second quarter worth $106,000. Fort L.P. bought a new position in shares of WABCO during the second quarter worth $118,000. Point72 Asia Hong Kong Ltd bought a new position in shares of WABCO during the first quarter worth $170,000. Finally, Zions Bancorporation bought a new position in shares of WABCO during the second quarter worth $154,000.
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, transmission automation, and air management systems primarily for commercial vehicles.
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