Westinghouse Air Brake Technologies Corp (WAB) Expected to Post Earnings of $0.94 Per Share


Equities research analysts expect Westinghouse Air Brake Technologies Corp (NYSE:WAB) to report earnings per share (EPS) of $0.94 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Westinghouse Air Brake Technologies’ earnings, with estimates ranging from $0.90 to $0.97. Westinghouse Air Brake Technologies reported earnings per share of $0.80 during the same quarter last year, which indicates a positive year over year growth rate of 17.5%. The company is expected to issue its next earnings report on Tuesday, July 24th.


On average, analysts expect that Westinghouse Air Brake Technologies will report full year earnings of $3.87 per share for the current fiscal year, with EPS estimates ranging from $3.82 to $3.90. For the next financial year, analysts forecast that the firm will report earnings of $4.52 per share, with EPS estimates ranging from $4.25 to $5.20. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Westinghouse Air Brake Technologies.

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Westinghouse Air Brake Technologies (NYSE:WAB) last announced its earnings results on Tuesday, April 24th. The transportation company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.02. Westinghouse Air Brake Technologies had a return on equity of 12.13% and a net margin of 6.88%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the business earned $0.77 EPS. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis.


WAB has been the topic of several research analyst reports. Zacks Investment Research downgraded Westinghouse Air Brake Technologies from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Deutsche Bank upgraded Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a research note on Monday, May 14th. B. Riley set a $85.00 target price on Westinghouse Air Brake Technologies and gave the stock a “hold” rating in a research note on Wednesday, February 21st. Cowen restated a “buy” rating and set a $90.00 target price on shares of Westinghouse Air Brake Technologies in a research note on Tuesday, February 20th. Finally, Wells Fargo & Co set a $100.00 target price on Westinghouse Air Brake Technologies and gave the stock an “outperform” rating in a research note on Wednesday, April 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $100.77.


Westinghouse Air Brake Technologies traded up $0.81, hitting $102.69, on Friday, MarketBeat Ratings reports. 825,027 shares of the company’s stock were exchanged, compared to its average volume of 755,773. Westinghouse Air Brake Technologies has a 12-month low of $69.20 and a 12-month high of $102.99. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.50 and a quick ratio of 0.99. The company has a market cap of $9.81 billion, a price-to-earnings ratio of 29.94, a price-to-earnings-growth ratio of 2.29 and a beta of 0.93.

The company also recently declared a quarterly dividend, which was paid on Friday, May 25th. Shareholders of record on Friday, May 11th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $0.48 dividend on an annualized basis and a yield of 0.47%. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 13.99%.


In other news, Director Albert J. Neupaver sold 65,000 shares of the business’s stock in a transaction dated Tuesday, May 29th. The stock was sold at an average price of $96.71, for a total value of $6,286,150.00. Following the completion of the transaction, the director now owns 602,591 shares of the company’s stock, valued at approximately $58,276,575.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert J. Brooks sold 3,500 shares of the business’s stock in a transaction dated Friday, May 25th. The shares were sold at an average price of $97.60, for a total value of $341,600.00. Following the completion of the transaction, the director now directly owns 82,872 shares of the company’s stock, valued at approximately $8,088,307.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 81,500 shares of company stock valued at $7,892,580. 11.49% of the stock is currently owned by insiders.


Hedge funds have recently modified their holdings of the company. Synovus Financial Corp acquired a new position in shares of Westinghouse Air Brake Technologies in the 1st quarter valued at about $102,000. Zions Bancorporation acquired a new position in shares of Westinghouse Air Brake Technologies in the 1st quarter valued at about $197,000. Massey Quick Simon & CO. LLC lifted its holdings in shares of Westinghouse Air Brake Technologies by 100.0% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 3,348 shares of the transportation company’s stock valued at $273,000 after buying an additional 1,674 shares during the period. Granite Springs Asset Management LLC lifted its holdings in shares of Westinghouse Air Brake Technologies by 21.2% in the 1st quarter. Granite Springs Asset Management LLC now owns 4,000 shares of the transportation company’s stock valued at $326,000 after buying an additional 700 shares during the period. Finally, Emerald Advisers Inc. PA acquired a new position in shares of Westinghouse Air Brake Technologies in the 4th quarter valued at about $327,000.


About Westinghouse Air Brake Technologies

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. It operates in two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing locomotive and freight cars; supplies railway electronics and positive train control equipment; offers signal design and engineering services; builds switcher locomotives; rebuilds freight locomotives; and provides heat exchangers and cooling systems for rail and other industrial markets.

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Earnings History and Estimates for Westinghouse Air Brake Technologies (NYSE:WAB)

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