Q4 2017 EPS Estimates for Westinghouse Air Brake Technologies Corporation (NYSE:WAB) Reduced by KeyCorp

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) – KeyCorp dropped their Q4 2017 earnings estimates for Westinghouse Air Brake Technologies Corporation in a report released on Tuesday, according to Zacks Investment Research. KeyCorp analyst S. Barger now anticipates that the transportation company will post earnings per share of $0.96 for the quarter, down from their prior estimate of $1.08. KeyCorp currently has a “Buy” rating and a $100.00 price objective on the stock. KeyCorp also issued estimates for Westinghouse Air Brake Technologies Corporation’s Q2 2018 earnings at $1.02 EPS, Q3 2018 earnings at $1.00 EPS, Q4 2018 earnings at $1.04 EPS, FY2018 earnings at $4.08 EPS and FY2019 earnings at $4.50 EPS.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last announced its quarterly earnings data on Tuesday, October 24th. The transportation company reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.04. The company had revenue of $957.93 million during the quarter, compared to the consensus estimate of $947.18 million. Westinghouse Air Brake Technologies Corporation had a net margin of 7.04% and a return on equity of 11.85%. Westinghouse Air Brake Technologies Corporation’s quarterly revenue was up 41.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 EPS.

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A number of other equities analysts also recently commented on WAB. B. Riley reaffirmed a “neutral” rating on shares of Westinghouse Air Brake Technologies Corporation in a report on Wednesday, November 1st. Zacks Investment Research cut Westinghouse Air Brake Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub cut Westinghouse Air Brake Technologies Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. FBR & Co set a $85.00 price objective on shares of Westinghouse Air Brake Technologies Corporation and gave the company a “hold” rating in a research note on Wednesday, October 25th. Finally, Deutsche Bank AG set a $85.00 price target on shares of Westinghouse Air Brake Technologies Corporation and gave the stock a “hold” rating in a research report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $87.75.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) traded up $1.13 during midday trading on Thursday, reaching $76.51. 704,600 shares of the company traded hands, compared to its average volume of 808,837. The stock has a market capitalization of $7,236.42, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 1.88 and a beta of 1.08. Westinghouse Air Brake Technologies Corporation has a 52-week low of $69.20 and a 52-week high of $93.81. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.55 and a quick ratio of 1.03.

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

In other Westinghouse Air Brake Technologies Corporation news, VP David L. Deninno sold 1,917 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $76.10, for a total value of $145,883.70. Following the sale, the vice president now directly owns 56,131 shares in the company, valued at $4,271,569.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert J. Brooks sold 3,500 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 84,221 shares in the company, valued at $6,540,602.86. The disclosure for this sale can be found here. 11.69% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the business. IFP Advisors Inc grew its holdings in shares of Westinghouse Air Brake Technologies Corporation by 15.2% during the second quarter. IFP Advisors Inc now owns 1,913 shares of the transportation company’s stock worth $175,000 after purchasing an additional 252 shares during the last quarter. Tredje AP fonden lifted its stake in shares of Westinghouse Air Brake Technologies Corporation by 15.7% during the second quarter. Tredje AP fonden now owns 2,720 shares of the transportation company’s stock valued at $249,000 after acquiring an additional 370 shares during the period. Moody Lynn & Lieberson LLC acquired a new position in Westinghouse Air Brake Technologies Corporation in the second quarter valued at about $520,000. Buffington Mohr McNeal lifted its stake 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 valued at $930,000 after buying an additional 185 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in Westinghouse Air Brake Technologies Corporation by 873.0% in the third quarter. Pacer Advisors Inc. now owns 15,860 shares of the transportation company’s stock valued at $1,201,000 after buying an additional 14,230 shares during the period.

Westinghouse Air Brake Technologies Corporation Company Profile

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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