Westinghouse Air Brake Technologies Corp (WAB) Forecasted to Earn FY2020 Earnings of $5.16 Per Share

Westinghouse Air Brake Technologies Corp (NYSE:WAB) – Seaport Global Securities issued their FY2020 earnings per share estimates for shares of Westinghouse Air Brake Technologies in a report released on Tuesday, October 30th. Seaport Global Securities analyst W. Milby forecasts that the transportation company will earn $5.16 per share for the year.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings results on Tuesday, October 30th. The transportation company reported $0.95 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.95. Westinghouse Air Brake Technologies had a return on equity of 12.43% and a net margin of 7.16%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the company earned $0.88 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis.

WAB has been the subject of several other reports. ValuEngine downgraded Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a report on Thursday. B. Riley set a $95.00 price target on Westinghouse Air Brake Technologies and gave the stock a “hold” rating in a report on Tuesday, July 24th. Stifel Nicolaus increased their price target on Westinghouse Air Brake Technologies from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, July 25th. Cowen reaffirmed a “buy” rating and set a $125.00 price target on shares of Westinghouse Air Brake Technologies in a report on Tuesday, July 24th. Finally, Zacks Investment Research downgraded Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $106.73.

Shares of NYSE WAB opened at $85.15 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.84 and a quick ratio of 0.99. Westinghouse Air Brake Technologies has a 1-year low of $69.75 and a 1-year high of $115.40. The firm has a market cap of $8.23 billion, a P/E ratio of 24.83, a P/E/G ratio of 1.92 and a beta of 1.17.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Thursday, November 15th. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is currently 13.99%.

In other Westinghouse Air Brake Technologies news, Director William E. Kassling sold 8,000 shares of the firm’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $109.27, for a total value of $874,160.00. Following the completion of the sale, the director now owns 81,444 shares of the company’s stock, valued at $8,899,385.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP David L. Deninno sold 6,000 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $113.44, for a total value of $680,640.00. Following the completion of the sale, the vice president now directly owns 59,888 shares of the company’s stock, valued at approximately $6,793,694.72. The disclosure for this sale can be found here. In the last three months, insiders sold 50,000 shares of company stock valued at $5,562,320. 11.49% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its holdings in Westinghouse Air Brake Technologies by 2.6% in the first quarter. Principal Financial Group Inc. now owns 366,391 shares of the transportation company’s stock valued at $29,824,000 after acquiring an additional 9,375 shares during the period. Barometer Capital Management Inc. acquired a new stake in Westinghouse Air Brake Technologies in the third quarter valued at $5,842,000. MetLife Investment Advisors LLC lifted its holdings in Westinghouse Air Brake Technologies by 0.9% in the second quarter. MetLife Investment Advisors LLC now owns 53,862 shares of the transportation company’s stock valued at $5,310,000 after acquiring an additional 492 shares during the period. Sterling Capital Management LLC lifted its holdings in Westinghouse Air Brake Technologies by 18.8% in the second quarter. Sterling Capital Management LLC now owns 47,706 shares of the transportation company’s stock valued at $4,703,000 after acquiring an additional 7,553 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Westinghouse Air Brake Technologies by 7.8% in the second quarter. SG Americas Securities LLC now owns 15,388 shares of the transportation company’s stock valued at $1,517,000 after buying an additional 1,107 shares in the last quarter.

Westinghouse Air Brake Technologies Company Profile

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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