$0.79 EPS Expected for Westinghouse Air Brake Technologies Corp (WAB) This Quarter

Wall Street analysts predict that Westinghouse Air Brake Technologies Corp (NYSE:WAB) will announce earnings per share of $0.79 for the current quarter, Zacks reports. Four analysts have provided estimates for Westinghouse Air Brake Technologies’ earnings, with the highest EPS estimate coming in at $0.96 and the lowest estimate coming in at $0.68. Westinghouse Air Brake Technologies posted earnings of $0.92 per share during the same quarter last year, which would indicate a negative year over year growth rate of 14.1%. The company is expected to announce its next earnings results on Tuesday, April 23rd.

On average, analysts expect that Westinghouse Air Brake Technologies will report full year earnings of $4.18 per share for the current fiscal year, with EPS estimates ranging from $4.00 to $4.25. For the next financial year, analysts forecast that the firm will report earnings of $4.92 per share, with EPS estimates ranging from $4.55 to $5.20. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Westinghouse Air Brake Technologies.

Several equities analysts have commented on the company. Cowen reaffirmed an “outperform” rating and issued a $88.00 price target (down previously from $125.00) on shares of Westinghouse Air Brake Technologies in a report on Tuesday, January 29th. Stephens set a $92.00 price target on Westinghouse Air Brake Technologies and gave the company a “buy” rating in a report on Tuesday, February 26th. Jefferies Financial Group assumed coverage on Westinghouse Air Brake Technologies in a report on Friday, February 22nd. They issued a “hold” rating and a $80.00 price target for the company. Mizuho reaffirmed a “hold” rating on shares of Westinghouse Air Brake Technologies in a report on Tuesday, February 26th. Finally, ValuEngine cut Westinghouse Air Brake Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. Westinghouse Air Brake Technologies currently has an average rating of “Buy” and an average price target of $97.70.

Westinghouse Air Brake Technologies stock traded down $1.14 during trading hours on Friday, hitting $71.12. The stock had a trading volume of 2,060,130 shares, compared to its average volume of 2,266,163. The company has a quick ratio of 2.19, a current ratio of 2.70 and a debt-to-equity ratio of 1.32. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. Westinghouse Air Brake Technologies has a fifty-two week low of $65.09 and a fifty-two week high of $115.40.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Stockholders of record on Friday, February 8th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, February 7th. This represents a $0.48 annualized dividend and a dividend yield of 0.67%. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 12.60%.

In other news, Director Linda S. Harty sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $75.68, for a total value of $227,040.00. Following the sale, the director now directly owns 6,054 shares in the company, valued at approximately $458,166.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 11.49% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in WAB. Smithfield Trust Co. grew its stake in shares of Westinghouse Air Brake Technologies by 177.3% in the 3rd quarter. Smithfield Trust Co. now owns 2,080 shares of the transportation company’s stock valued at $218,000 after purchasing an additional 1,330 shares during the period. SG Americas Securities LLC grew its position in Westinghouse Air Brake Technologies by 86.3% during the 3rd quarter. SG Americas Securities LLC now owns 28,661 shares of the transportation company’s stock worth $3,006,000 after acquiring an additional 13,273 shares during the last quarter. Piedmont Investment Advisors Inc. grew its position in Westinghouse Air Brake Technologies by 10,666.7% during the 3rd quarter. Piedmont Investment Advisors Inc. now owns 2,261 shares of the transportation company’s stock worth $237,000 after acquiring an additional 2,240 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Westinghouse Air Brake Technologies by 3,064,000.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 306,410 shares of the transportation company’s stock worth $32,136,000 after acquiring an additional 306,400 shares during the last quarter. Finally, Patten Group Inc. grew its position in Westinghouse Air Brake Technologies by 21.1% during the 3rd quarter. Patten Group Inc. now owns 9,470 shares of the transportation company’s stock worth $993,000 after acquiring an additional 1,650 shares during the last quarter. Institutional investors own 99.25% of the company’s stock.

Westinghouse Air Brake Technologies Company Profile

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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