Westinghouse Air Brake Technologies Corporation (WAB) Issues FY17 Earnings Guidance

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $3.55-3.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.02. The company issued revenue guidance of ~$3.85 billion, compared to the consensus revenue estimate of $4.04 billion.

Several research firms have commented on WAB. BidaskClub raised shares of Westinghouse Air Brake Technologies Corporation from a buy rating to a strong-buy rating in a report on Wednesday, July 5th. Zacks Investment Research raised shares of Westinghouse Air Brake Technologies Corporation from a sell rating to a hold rating in a report on Thursday, July 13th. Deutsche Bank AG lowered shares of Westinghouse Air Brake Technologies Corporation from a buy rating to a hold rating and set a $90.00 price target on the stock. in a report on Thursday, July 13th. FBR & Co reaffirmed a marketperform rating on shares of Westinghouse Air Brake Technologies Corporation in a report on Tuesday, July 11th. Finally, Stifel Nicolaus lowered shares of Westinghouse Air Brake Technologies Corporation from a buy rating to a hold rating and set a $92.00 price target on the stock. in a report on Monday, July 17th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $92.63.

Shares of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) opened at 72.81 on Friday. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 25.62 and a beta of 1.03. The company’s 50 day moving average is $83.68 and its 200 day moving average is $82.61. Westinghouse Air Brake Technologies Corporation has a one year low of $71.56 and a one year high of $93.81.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last issued its earnings results on Tuesday, July 25th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.14. Westinghouse Air Brake Technologies Corporation had a return on equity of 13.07% and a net margin of 8.10%. The firm had revenue of $932.25 million during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the business posted $1.00 EPS. The firm’s revenue for the quarter was up 28.8% on a year-over-year basis. Equities research analysts predict that Westinghouse Air Brake Technologies Corporation will post $3.57 earnings per share for the current year.

In related news, Director Brian Hehir sold 2,234 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $80.11, for a total value of $178,965.74. Following the completion of the sale, the director now owns 24,905 shares of the company’s stock, valued at $1,995,139.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.69% of the stock is currently owned by company insiders.

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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.

Earnings History and Estimates for Westinghouse Air Brake Technologies Corporation (NYSE:WAB)

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