WABCO Holdings Inc. (WBC) Expected to Earn Q4 2018 Earnings of $1.98 Per Share

Share on StockTwits

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.

Shares of NYSE WBC traded down $1.31 during midday trading on Friday, reaching $107.82. The stock had a trading volume of 866,399 shares, compared to its average volume of 425,831. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.48 and a quick ratio of 2.07. The stock has a market cap of $6.24 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 1.05 and a beta of 1.82. WABCO has a 12-month low of $106.27 and a 12-month high of $162.20.

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.

See Also: Google Finance Portfolio Tips and Tricks

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.