Zacks: Analysts Anticipate WABCO Holdings Inc. (WBC) to Post $1.80 EPS
Equities research analysts predict that WABCO Holdings Inc. (NYSE:WBC) will report earnings per share of $1.80 for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for WABCO’s earnings, with estimates ranging from $1.78 to $1.83. WABCO posted earnings per share of $1.47 during the same quarter last year, which would suggest a positive year over year growth rate of 22.4%. The business is scheduled to announce its next quarterly earnings report before the market opens on Friday, February 16th.
On average, analysts expect that WABCO will report full year earnings of $6.67 per share for the current financial year, with EPS estimates ranging from $6.63 to $6.70. For the next year, analysts forecast that the business will post earnings of $7.58 per share, with EPS estimates ranging from $7.20 to $7.79. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover WABCO.
A number of analysts recently commented on WBC shares. Stifel Nicolaus reiterated a “buy” rating and issued a $160.00 target price on shares of WABCO in a report on Thursday, October 12th. Piper Jaffray Companies reiterated a “buy” rating and issued a $167.00 target price on shares of WABCO in a report on Sunday, October 22nd. Citigroup boosted their target price on shares of WABCO from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Bank of America boosted their target price on shares of WABCO from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, Zacks Investment Research raised shares of WABCO from a “hold” rating to a “buy” rating and set a $161.00 target price on the stock in a research report on Thursday, December 28th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $160.53.
A number of institutional investors and hedge funds have recently made changes to their positions in WBC. Harding Loevner LP grew its position in WABCO by 163.8% during the third quarter. Harding Loevner LP now owns 2,566,784 shares of the auto parts company’s stock valued at $140,660,000 after purchasing an additional 1,593,796 shares in the last quarter. Pictet Asset Management Ltd. grew its position in WABCO by 137.5% in the third quarter. Pictet Asset Management Ltd. now owns 613,700 shares of the auto parts company’s stock worth $90,828,000 after acquiring an additional 355,300 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in WABCO in the second quarter worth approximately $24,187,000. Castleark Management LLC bought a new stake in WABCO in the second quarter worth approximately $15,203,000. Finally, Fred Alger Management Inc. bought a new stake in WABCO in the second quarter worth approximately $13,292,000. 95.43% of the stock is currently owned by hedge funds and other institutional investors.
WABCO Holdings Inc is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers of commercial trucks, buses and trailers, as well as passenger cars. The Company engineers, develops, manufactures and sells braking, stability, suspension and transmission automation and air management systems primarily for commercial vehicles.
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