Equities analysts expect Westinghouse Air Brake Technologies Corp (NYSE:WAB) to post earnings of $1.02 per share for the current quarter, according to Zacks. Four analysts have made estimates for Westinghouse Air Brake Technologies’ earnings. The lowest EPS estimate is $0.98 and the highest is $1.04. Westinghouse Air Brake Technologies reported earnings of $0.95 per share during the same quarter last year, which would indicate a positive year over year growth rate of 7.4%. The firm is expected to report its next earnings report on Tuesday, October 29th.
According to Zacks, analysts expect that Westinghouse Air Brake Technologies will report full-year earnings of $4.17 per share for the current financial year, with EPS estimates ranging from $4.05 to $4.29. For the next year, analysts expect that the firm will post earnings of $4.77 per share, with EPS estimates ranging from $4.30 to $5.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Westinghouse Air Brake Technologies.
Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.08. Westinghouse Air Brake Technologies had a return on equity of 8.34% and a net margin of 3.68%. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the business posted $0.96 EPS. Westinghouse Air Brake Technologies’s revenue for the quarter was up 101.2% on a year-over-year basis.
A number of equities research analysts recently issued reports on the company. Citigroup set a $84.00 target price on Westinghouse Air Brake Technologies and gave the company a “hold” rating in a research report on Wednesday, July 31st. ValuEngine raised Westinghouse Air Brake Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Stifel Nicolaus set a $96.00 target price on Westinghouse Air Brake Technologies and gave the company a “buy” rating in a research report on Friday, April 26th. Wellington Shields lowered Westinghouse Air Brake Technologies from an “accumulate” rating to a “hold” rating in a research report on Thursday, July 11th. Finally, Cowen reissued a “buy” rating and issued a $92.00 target price on shares of Westinghouse Air Brake Technologies in a research report on Tuesday, July 30th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $87.78.
Shares of NYSE:WAB traded down $2.41 during trading on Wednesday, hitting $64.67. 2,427,980 shares of the company’s stock traded hands, compared to its average volume of 2,193,755. Westinghouse Air Brake Technologies has a 52 week low of $61.95 and a 52 week high of $115.40. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The firm has a market cap of $12.38 billion, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 1.32 and a beta of 1.41. The firm has a 50-day simple moving average of $71.85.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, August 8th. Westinghouse Air Brake Technologies’s dividend payout ratio is presently 12.60%.
In other Westinghouse Air Brake Technologies news, major shareholder Electric Co General sold 16,969,692 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $70.33, for a total transaction of $1,193,478,438.36. Following the transaction, the insider now owns 2,048,515 shares of the company’s stock, valued at approximately $144,072,059.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Albert J. Neupaver purchased 10,000 shares of the stock in a transaction on Tuesday, May 21st. The shares were bought at an average cost of $65.26 per share, for a total transaction of $652,600.00. Following the transaction, the director now directly owns 668,418 shares in the company, valued at $43,620,958.68. The disclosure for this purchase can be found here. In the last three months, insiders purchased 21,000 shares of company stock worth $1,349,650. 6.56% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of WAB. Coastal Capital Group Inc. acquired a new position in shares of Westinghouse Air Brake Technologies during the 2nd quarter worth approximately $25,000. YorkBridge Wealth Partners LLC increased its position in shares of Westinghouse Air Brake Technologies by 72.4% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 393 shares of the transportation company’s stock worth $28,000 after purchasing an additional 165 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Westinghouse Air Brake Technologies during the 1st quarter worth approximately $34,000. RPG Investment Advisory LLC increased its position in shares of Westinghouse Air Brake Technologies by 545.0% during the 1st quarter. RPG Investment Advisory LLC now owns 645 shares of the transportation company’s stock worth $48,000 after purchasing an additional 545 shares during the last quarter. Finally, Iat Reinsurance Co. LTD. acquired a new position in shares of Westinghouse Air Brake Technologies during the 1st quarter worth approximately $48,000. 82.24% of the stock is currently owned by hedge funds and other institutional investors.
Westinghouse Air Brake Technologies Company Profile
Wabtec Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. The company's Freight segment manufactures and services components for new and existing freight cars and locomotives; builds new switcher locomotives; rebuilds freight locomotives; supplies railway electronics, positive train control equipment, signal design, and engineering services; and provides related heat exchange and cooling systems.
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