WABCO Holdings Inc. (NYSE:WBC) Forecasted to Earn Q4 2018 Earnings of $1.99 Per Share

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WABCO Holdings Inc. (NYSE:WBC) – Investment analysts at William Blair boosted their Q4 2018 earnings per share estimates for WABCO in a research note issued on Thursday, October 18th, Zacks Investment Research reports. William Blair analyst L. De. Maria now anticipates that the auto parts company will earn $1.99 per share for the quarter, up from their previous estimate of $1.90.

WABCO (NYSE:WBC) last announced its earnings results on Thursday, October 18th. The auto parts company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.59 by $0.19. The business had revenue of $914.80 million for the quarter, compared to the consensus estimate of $932.66 million. WABCO had a return on equity of 33.10% and a net margin of 11.62%. WABCO’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.71 EPS.

WBC has been the subject of several other research reports. Piper Jaffray Companies set a $153.00 price objective on shares of WABCO and gave the stock a “buy” rating in a research report on Wednesday, September 19th. BMO Capital Markets restated a “hold” rating and issued a $130.00 price objective (down previously from $135.00) on shares of WABCO in a research report on Friday, September 14th. Morgan Stanley set a $124.00 price objective on shares of WABCO and gave the stock a “buy” rating in a research report on Friday, October 19th. Royal Bank of Canada restated a “buy” rating and issued a $160.00 price objective on shares of WABCO in a research report on Friday, July 20th. Finally, Robert W. Baird cut shares of WABCO from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $132.82.

WBC stock traded down $1.82 during trading on Friday, hitting $111.17. The company had a trading volume of 429,256 shares, compared to its average volume of 683,067. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.28 and a quick ratio of 1.89. WABCO has a 12 month low of $100.80 and a 12 month high of $162.20. The stock has a market capitalization of $5.92 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 0.98 and a beta of 1.79.

Several institutional investors have recently modified their holdings of WBC. SG Americas Securities LLC bought a new stake in shares of WABCO during the 2nd quarter valued at $106,000. Fort L.P. bought a new stake in shares of WABCO during the 2nd quarter valued at $118,000. Zions Bancorporation bought a new stake in shares of WABCO during the 2nd quarter valued at $154,000. Stratos Wealth Partners LTD. bought a new stake in shares of WABCO during the 3rd quarter valued at $167,000. Finally, CIBC World Markets Inc. bought a new stake in shares of WABCO during the 1st quarter valued at $214,000. Institutional investors own 98.02% of the company’s stock.

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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Earnings History and Estimates for WABCO (NYSE:WBC)

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