WABCO Holdings (WBC) reported quarterly earnings results on Friday, Apr-22-2016. The company said it had a profit of $1.37 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $1.36. The company posted revenue of $688.70 million in the period, compared to analysts expectations of $677.71 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 EPS.
Many Wall Street Analysts have commented on WABCO Holdings. Company shares were Reiterated by Barclays on Apr 13, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 97 from a previous price target of $96 .Company shares were Reiterated by Stifel on Apr 4, 2016 to “Buy”, Firm has raised the Price Target to $ 121 from a previous price target of $111 .WABCO Holdings was Upgraded by BofA/Merrill to ” Buy” on Mar 14, 2016.
WABCO Holdings opened for trading at $111.88 and hit $111.925 on the upside on Wednesday, eventually ending the session at $111.46, with a gain of 0.32% or 0.36 points. The heightened volatility saw the trading volume jump to 4,71,772 shares. Company has a market cap of $6,332 M.
In a different news, on Aug 21, 2015, Henry R. Keizer (director) purchased 200 shares at $119.61 per share price. According to the SEC, on Aug 4, 2015, Nikhil M Varty (President, Americas & VP, M&A) sold 6,821 shares at $122.90 per share price. On May 15, 2015, Vincent Pickering (Chief Legal Officer) sold 7,125 shares at $130.55 per share price, according to the Form-4 filing with the securities and exchange commission.
WABCO Holdings Inc. is a global supplier of electronic mechanical and mechatronic products. The Company develops manufactures and sells control systems including advanced braking stability suspension transmission automation air compression and processing. Its product groups include actuator air compressor and air processing/air management system foundation brake anti-lock braking system (ABS) conventional braking system electronic braking system (EBS) electronic and conventional air suspension systems transmission automation vehicle electronic architecture vehicle electronic stability control and roll stability support. Its solutions include TX-TRAILERGUARD fleet management solution mBSP modular braking system platform OptiPace OptiFlow Tail solution OnGuardPLUS AEBS and OnGuardPLUS among others. It sells its products to truck and bus original equipment manufacturers (OEMs) trailer OEMs commercial vehicle aftermarket distributors and car manufacturers.