Q1 2018 EPS Estimates for Westinghouse Air Brake Technologies Corporation (WAB) Boosted by Analyst

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) – Stock analysts at KeyCorp boosted their Q1 2018 earnings estimates for shares of Westinghouse Air Brake Technologies Corporation in a report issued on Wednesday. KeyCorp analyst S. Barger now anticipates that the transportation company will post earnings per share of $1.02 for the quarter, up from their prior forecast of $0.80. KeyCorp currently has a “Buy” rating and a $100.00 price target on the stock.

Several other equities research analysts have also recently commented on WAB. BidaskClub upgraded shares of Westinghouse Air Brake Technologies Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 5th. Deutsche Bank AG cut shares of Westinghouse Air Brake Technologies Corporation from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a research report on Thursday, July 13th. Zacks Investment Research upgraded shares of Westinghouse Air Brake Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. FBR & Co reiterated a “marketperform” rating on shares of Westinghouse Air Brake Technologies Corporation in a research report on Tuesday, July 11th. Finally, Stifel Nicolaus cut shares of Westinghouse Air Brake Technologies Corporation from a “buy” rating to a “hold” rating and set a $92.00 price target for the company. in a research report on Monday, July 17th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Westinghouse Air Brake Technologies Corporation presently has an average rating of “Hold” and a consensus price target of $87.75.

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Westinghouse Air Brake Technologies Corporation (NYSE:WAB) traded up 0.0491% during mid-day trading on Monday, reaching $76.5976. 378,750 shares of the company traded hands. The stock’s 50-day moving average price is $75.29 and its 200-day moving average price is $79.61. Westinghouse Air Brake Technologies Corporation has a one year low of $69.20 and a one year high of $93.81. The firm has a market cap of $7.35 billion, a PE ratio of 26.9520 and a beta of 1.06.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last released its earnings results on Tuesday, October 24th. The transportation company reported $0.88 EPS for the quarter, beating the consensus estimate 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 business 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 earned $0.94 earnings per share. The business’s quarterly revenue was up 41.8% on a year-over-year basis.

Institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Bank of Australia boosted its stake in Westinghouse Air Brake Technologies Corporation by 15.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 168,495 shares of the transportation company’s stock worth $15,416,000 after acquiring an additional 22,988 shares during the last quarter. Capital Counsel LLC NY boosted its stake in Westinghouse Air Brake Technologies Corporation by 1.6% during the 2nd quarter. Capital Counsel LLC NY now owns 869,836 shares of the transportation company’s stock worth $79,590,000 after acquiring an additional 13,918 shares during the last quarter. Hikari Power Ltd boosted its stake in Westinghouse Air Brake Technologies Corporation by 622.4% during the 2nd quarter. Hikari Power Ltd now owns 171,200 shares of the transportation company’s stock worth $15,665,000 after acquiring an additional 147,500 shares during the last quarter. Harvey Investment Co. LLC boosted its stake in Westinghouse Air Brake Technologies Corporation by 7.4% during the 3rd quarter. Harvey Investment Co. LLC now owns 177,710 shares of the transportation company’s stock worth $13,462,000 after acquiring an additional 12,220 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in Westinghouse Air Brake Technologies Corporation by 64.4% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 623,437 shares of the transportation company’s stock worth $57,044,000 after acquiring an additional 244,119 shares during the last quarter.

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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