WABCO Holdings Inc. (NYSE:WBC) – Piper Jaffray Companies reduced their Q2 2019 earnings per share (EPS) estimates for WABCO in a report released on Monday, February 18th. Piper Jaffray Companies analyst A. Potter now anticipates that the auto parts company will post earnings of $2.13 per share for the quarter, down from their previous forecast of $2.26. Piper Jaffray Companies also issued estimates for WABCO’s Q4 2019 earnings at $2.21 EPS, FY2019 earnings at $7.89 EPS, Q2 2020 earnings at $2.08 EPS, Q3 2020 earnings at $2.01 EPS, Q4 2020 earnings at $2.22 EPS, FY2020 earnings at $8.23 EPS, FY2021 earnings at $9.20 EPS, FY2022 earnings at $10.12 EPS and FY2023 earnings at $10.97 EPS.

Several other research firms have also issued reports on WBC. Stifel Nicolaus set a $135.00 price target on shares of WABCO and gave the company a “buy” rating in a research report on Monday, December 10th. Robert W. Baird raised shares of WABCO from a “neutral” rating to an “outperform” rating and set a $150.00 price target on the stock in a research report on Thursday, February 7th. ValuEngine raised shares of WABCO from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Morgan Stanley lowered shares of WABCO from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $124.00 to $117.00 in a research report on Monday, December 17th. Finally, Vertical Research lowered shares of WABCO from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $130.42.

NYSE WBC opened at $117.82 on Wednesday. WABCO has a 12-month low of $98.90 and a 12-month high of $143.60. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.89 and a current ratio of 2.28. The company has a market capitalization of $6.00 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 0.99 and a beta of 1.63.

WABCO (NYSE:WBC) last released its earnings results on Friday, February 15th. The auto parts company reported $2.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.14. The firm had revenue of $911.60 million for the quarter, compared to analysts’ expectations of $963.33 million. WABCO had a net margin of 10.29% and a return on equity of 32.86%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.00 earnings per share.

Institutional investors have recently bought and sold shares of the stock. Man Group plc increased its holdings in WABCO by 374.9% during the 3rd quarter. Man Group plc now owns 53,668 shares of the auto parts company’s stock worth $6,330,000 after acquiring an additional 42,366 shares during the period. United Services Automobile Association increased its holdings in WABCO by 727.6% during the 3rd quarter. United Services Automobile Association now owns 69,134 shares of the auto parts company’s stock worth $8,154,000 after acquiring an additional 60,780 shares during the period. BB&T Corp increased its holdings in WABCO by 32.6% during the 3rd quarter. BB&T Corp now owns 6,619 shares of the auto parts company’s stock worth $780,000 after acquiring an additional 1,626 shares during the period. Bank of New York Mellon Corp increased its holdings in WABCO by 155.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 713,588 shares of the auto parts company’s stock worth $84,161,000 after acquiring an additional 434,552 shares during the period. Finally, Daiwa SB Investments Ltd. increased its holdings in WABCO by 9.0% during the 4th quarter. Daiwa SB Investments Ltd. now owns 6,510 shares of the auto parts company’s stock worth $699,000 after acquiring an additional 540 shares during the period. 94.95% of the stock is currently owned by institutional investors and hedge funds.

WABCO announced that its board has authorized a share buyback program on Monday, December 10th that permits the company to buyback $600.00 million in outstanding shares. This buyback authorization permits the auto parts company to reacquire up to 10.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

About WABCO

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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