Westinghouse Air Brake Technologies Corp (NYSE:WAB) – Analysts at William Blair reduced their FY2020 earnings estimates for shares of Westinghouse Air Brake Technologies in a research note issued to investors on Wednesday. William Blair analyst N. Heymann now forecasts that the transportation company will earn $5.45 per share for the year, down from their prior estimate of $6.00. William Blair has a “Outperform” rating on the stock.
Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings results on Tuesday, February 20th. The transportation company reported $0.90 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.90. Westinghouse Air Brake Technologies had a net margin of 6.76% and a return on equity of 12.55%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the business posted $0.81 EPS. The firm’s revenue was up 41.5% compared to the same quarter last year.
Westinghouse Air Brake Technologies (WAB) traded up $1.10 during trading hours on Friday, reaching $83.40. 543,849 shares of the company were exchanged, compared to its average volume of 1,138,283. Westinghouse Air Brake Technologies has a 52 week low of $69.20 and a 52 week high of $93.81. The company has a quick ratio of 1.03, a current ratio of 1.44 and a debt-to-equity ratio of 0.64. The company has a market cap of $7,900.74, a price-to-earnings ratio of 30.55, a P/E/G ratio of 1.87 and a beta of 1.00.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Thursday, February 8th. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 17.58%.
Several large investors have recently modified their holdings of the company. Fieldpoint Private Securities LLC raised its stake in Westinghouse Air Brake Technologies by 49.4% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 2,390 shares of the transportation company’s stock worth $181,000 after acquiring an additional 790 shares during the period. Windward Capital Management Co. CA bought a new stake in Westinghouse Air Brake Technologies during the 4th quarter worth approximately $219,000. Emerald Advisers Inc. PA bought a new stake in Westinghouse Air Brake Technologies during the 4th quarter worth approximately $327,000. Tredje AP fonden raised its stake in Westinghouse Air Brake Technologies by 92.6% during the 3rd quarter. Tredje AP fonden now owns 5,240 shares of the transportation company’s stock worth $397,000 after acquiring an additional 2,520 shares during the period. Finally, Patten Group Inc. raised its stake in Westinghouse Air Brake Technologies by 55.5% during the 4th quarter. Patten Group Inc. now owns 5,195 shares of the transportation company’s stock worth $423,000 after acquiring an additional 1,855 shares during the period.
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About Westinghouse Air Brake Technologies
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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