Westinghouse Air Brake Technologies Corporation (NYSE:WAB) Forecasted to Post FY2017 Earnings of $3.46 Per Share

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) – Equities researchers at FBR & Co dropped their FY2017 EPS estimates for shares of Westinghouse Air Brake Technologies Corporation in a note issued to investors on Wednesday, Zacks Investment Research reports. FBR & Co analyst L. Burke now expects that the transportation company will post earnings of $3.46 per share for the year, down from their previous forecast of $3.55. FBR & Co has a “Hold” rating and a $85.00 price target on the stock. FBR & Co also issued estimates for Westinghouse Air Brake Technologies Corporation’s Q4 2017 earnings at $0.94 EPS.

A number of other analysts also recently commented on WAB. B. Riley reiterated a “neutral” rating on shares of Westinghouse Air Brake Technologies Corporation in a report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Westinghouse Air Brake Technologies Corporation from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub downgraded shares of Westinghouse Air Brake Technologies Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Deutsche Bank AG set a $85.00 target price on shares of Westinghouse Air Brake Technologies Corporation and gave the stock a “hold” rating in a report on Monday, August 14th. Finally, Buckingham Research dropped their target price on shares of Westinghouse Air Brake Technologies Corporation from $100.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Westinghouse Air Brake Technologies Corporation presently has a consensus rating of “Hold” and an average target price of $87.75.

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Westinghouse Air Brake Technologies Corporation (WAB) traded up $1.13 during midday trading on Thursday, hitting $76.51. 704,600 shares of the company were exchanged, compared to its average volume of 808,837. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.55 and a quick ratio of 1.03. Westinghouse Air Brake Technologies Corporation has a twelve month low of $69.20 and a twelve month high of $93.81. The company has a market cap of $7,236.42, a P/E ratio of 22.64, a P/E/G ratio of 1.88 and a beta of 1.08.

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

A number of hedge funds have recently bought and sold shares of the business. Buffington Mohr McNeal grew its position in Westinghouse Air Brake Technologies Corporation by 1.9% in the second quarter. Buffington Mohr McNeal now owns 10,165 shares of the transportation company’s stock worth $930,000 after acquiring an additional 185 shares in the last quarter. IFP Advisors Inc grew its position in Westinghouse Air Brake Technologies Corporation by 15.2% in the second quarter. IFP Advisors Inc now owns 1,913 shares of the transportation company’s stock worth $175,000 after acquiring an additional 252 shares in the last quarter. Tredje AP fonden grew its position in Westinghouse Air Brake Technologies Corporation by 15.7% in the second quarter. Tredje AP fonden now owns 2,720 shares of the transportation company’s stock worth $249,000 after acquiring an additional 370 shares in the last quarter. Kingfisher Capital LLC grew its position in Westinghouse Air Brake Technologies Corporation by 3.0% in the second quarter. Kingfisher Capital LLC now owns 13,580 shares of the transportation company’s stock worth $1,243,000 after acquiring an additional 392 shares in the last quarter. Finally, Tandem Investment Advisors Inc. grew its position in Westinghouse Air Brake Technologies Corporation by 0.7% in the second quarter. Tandem Investment Advisors Inc. now owns 68,342 shares of the transportation company’s stock worth $6,253,000 after acquiring an additional 474 shares in the last quarter.

In other Westinghouse Air Brake Technologies Corporation news, Director Robert J. Brooks sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were 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 in the company, valued at approximately $6,540,602.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP David L. Deninno sold 1,917 shares of the company’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 transaction of $145,883.70. Following the completion of the transaction, the vice president now 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 owned by insiders.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.63%. Westinghouse Air Brake Technologies Corporation’s dividend payout ratio is currently 18.18%.

About Westinghouse Air Brake Technologies Corporation

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 Corporation (NYSE:WAB)

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