$0.85 EPS Expected for Westinghouse Air Brake Technologies Co. (NYSE:WAB) This Quarter


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Equities analysts expect Westinghouse Air Brake Technologies Co. (NYSE:WAB) to announce earnings per share (EPS) of $0.85 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Westinghouse Air Brake Technologies’ earnings, with estimates ranging from $0.70 to $0.92. Westinghouse Air Brake Technologies posted earnings per share of $0.97 in the same quarter last year, which indicates a negative year over year growth rate of 12.4%. The firm is expected to issue its next earnings results on Monday, May 3rd.

According to Zacks, analysts expect that Westinghouse Air Brake Technologies will report full year earnings of $4.19 per share for the current financial year, with EPS estimates ranging from $4.10 to $4.40. For the next fiscal year, analysts forecast that the company will post earnings of $4.81 per share, with EPS estimates ranging from $4.43 to $5.10. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Westinghouse Air Brake Technologies.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its quarterly earnings results on Wednesday, February 17th. The transportation company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.05). The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.11 billion. Westinghouse Air Brake Technologies had a net margin of 5.29% and a return on equity of 7.60%. During the same quarter in the prior year, the firm posted $1.04 earnings per share.

A number of analysts have issued reports on WAB shares. KeyCorp lifted their price target on shares of Westinghouse Air Brake Technologies from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 14th. Citigroup boosted their target price on shares of Westinghouse Air Brake Technologies from $65.00 to $80.00 in a report on Friday, January 29th. Morgan Stanley reduced their target price on shares of Westinghouse Air Brake Technologies from $97.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, February 25th. Wolfe Research upgraded shares of Westinghouse Air Brake Technologies from an “underperform” rating to a “peer perform” rating in a report on Friday, February 19th. Finally, Cowen restated a “buy” rating on shares of Westinghouse Air Brake Technologies in a report on Thursday, March 4th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $79.71.

In related news, Director Erwan Faiveley sold 13,127 shares of the company’s stock in a transaction dated Monday, February 22nd. The shares were sold at an average price of $75.46, for a total transaction of $990,563.42. Following the transaction, the director now directly owns 7,864 shares in the company, valued at approximately $593,417.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.35% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. CHICAGO TRUST Co NA boosted its position in Westinghouse Air Brake Technologies by 0.9% in the 4th quarter. CHICAGO TRUST Co NA now owns 14,680 shares of the transportation company’s stock valued at $1,074,000 after buying an additional 134 shares during the period. Allworth Financial LP boosted its position in Westinghouse Air Brake Technologies by 129.8% in the 4th quarter. Allworth Financial LP now owns 347 shares of the transportation company’s stock valued at $25,000 after buying an additional 196 shares during the period. Treasurer of the State of North Carolina lifted its position in shares of Westinghouse Air Brake Technologies by 0.4% in the 4th quarter. Treasurer of the State of North Carolina now owns 69,346 shares of the transportation company’s stock worth $5,076,000 after purchasing an additional 250 shares during the period. NN Investment Partners Holdings N.V. lifted its position in shares of Westinghouse Air Brake Technologies by 0.8% in the 4th quarter. NN Investment Partners Holdings N.V. now owns 33,461 shares of the transportation company’s stock worth $2,449,000 after purchasing an additional 266 shares during the period. Finally, Windward Capital Management Co. CA lifted its position in shares of Westinghouse Air Brake Technologies by 8.5% in the 4th quarter. Windward Capital Management Co. CA now owns 3,774 shares of the transportation company’s stock worth $276,000 after purchasing an additional 297 shares during the period. 88.10% of the stock is owned by institutional investors.

NYSE WAB traded down $0.78 on Thursday, reaching $77.29. The company had a trading volume of 46,961 shares, compared to its average volume of 1,389,102. The company has a quick ratio of 0.62, a current ratio of 1.14 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $14.60 billion, a PE ratio of 34.70, a price-to-earnings-growth ratio of 5.61 and a beta of 1.53. The firm’s 50 day moving average price is $76.15 and its 200 day moving average price is $72.58. Westinghouse Air Brake Technologies has a 12 month low of $46.63 and a 12 month high of $84.32.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 21st. Investors of record on Friday, May 7th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, May 6th. This represents a $0.48 annualized dividend and a yield of 0.62%. Westinghouse Air Brake Technologies’s payout ratio is 11.51%.

About Westinghouse Air Brake Technologies

Westinghouse Air Brake Technologies Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. It operates through two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing freight cars and locomotives; builds new commuter 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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