Westinghouse Air Brake Technologies Corporation (WAB) Expected to Announce Earnings of $0.95 Per Share

Equities research analysts forecast that Westinghouse Air Brake Technologies Corporation (NYSE:WAB) will report earnings of $0.95 per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Westinghouse Air Brake Technologies’ earnings. The lowest EPS estimate is $0.93 and the highest is $0.98. Westinghouse Air Brake Technologies reported earnings of $0.81 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.3%. The company is expected to report its next quarterly earnings report on Tuesday, February 20th.

On average, analysts expect that Westinghouse Air Brake Technologies will report full-year earnings of $3.48 per share for the current year, with EPS estimates ranging from $3.45 to $3.56. For the next year, analysts expect that the business will post earnings of $4.06 per share, with EPS estimates ranging from $3.85 to $4.29. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Westinghouse Air Brake Technologies.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its earnings results on Tuesday, October 24th. The transportation company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.04. The firm had revenue of $957.93 million during the quarter, compared to analysts’ expectations of $947.18 million. Westinghouse Air Brake Technologies had a return on equity of 11.85% and a net margin of 7.04%. The firm’s revenue was up 41.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 earnings per share.

Several equities research analysts recently weighed in on the company. B. Riley restated a “neutral” rating on shares of Westinghouse Air Brake Technologies in a research note on Wednesday, November 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $75.00 price objective (up previously from $74.00) on shares of Westinghouse Air Brake Technologies in a research note on Wednesday, October 25th. FBR & Co set a $85.00 price objective on Westinghouse Air Brake Technologies and gave the company a “hold” rating in a research note on Wednesday, October 25th. Zacks Investment Research cut Westinghouse Air Brake Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, Buckingham Research reduced their price objective on Westinghouse Air Brake Technologies from $100.00 to $97.00 and set a “buy” rating for the company in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Westinghouse Air Brake Technologies presently has a consensus rating of “Hold” and an average price target of $87.44.

In other news, Director Robert J. Brooks sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $77.66, for a total value of $271,810.00. Following the transaction, the director now owns 84,221 shares of the company’s stock, valued at $6,540,602.86. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David L. Deninno sold 1,917 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $76.10, for a total value of $145,883.70. Following the completion of the transaction, the vice president now directly owns 56,131 shares in the company, valued at approximately $4,271,569.10. The disclosure for this sale can be found here. 11.69% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. Hikari Power Ltd increased its holdings in shares of Westinghouse Air Brake Technologies by 5.2% in the fourth quarter. Hikari Power Ltd now owns 192,770 shares of the transportation company’s stock valued at $15,697,000 after purchasing an additional 9,470 shares during the period. Windward Capital Management Co. CA acquired a new position in Westinghouse Air Brake Technologies during the fourth quarter worth $219,000. Fieldpoint Private Securities LLC grew its holdings in Westinghouse Air Brake Technologies by 49.4% during the third quarter. Fieldpoint Private Securities LLC now owns 2,390 shares of the transportation company’s stock worth $181,000 after acquiring an additional 790 shares during the period. Tredje AP fonden grew its holdings in Westinghouse Air Brake Technologies by 92.6% during the third quarter. Tredje AP fonden now owns 5,240 shares of the transportation company’s stock worth $397,000 after acquiring an additional 2,520 shares during the period. Finally, Commonwealth Bank of Australia grew its holdings in Westinghouse Air Brake Technologies by 9.5% during the third quarter. Commonwealth Bank of Australia now owns 184,490 shares of the transportation company’s stock worth $13,973,000 after acquiring an additional 15,995 shares during the period.

Westinghouse Air Brake Technologies (NYSE:WAB) traded down $1.00 during mid-day trading on Wednesday, reaching $84.20. The company had a trading volume of 559,800 shares, compared to its average volume of 585,290. The stock has a market capitalization of $7,950.00, a PE ratio of 32.02, a price-to-earnings-growth ratio of 1.83 and a beta of 1.08. Westinghouse Air Brake Technologies has a 12-month low of $69.20 and a 12-month high of $93.81. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.55.

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About Westinghouse Air Brake Technologies

Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, is a provider of technology-based equipment and services for the global freight and transit rail industries. The Company’s segments include the Freight Segment and the Transit Segment. The Freight Segment primarily 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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Earnings History and Estimates for Westinghouse Air Brake Technologies (NYSE:WAB)

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