Analysts Expect Westinghouse Air Brake Technologies Corp (WAB) Will Announce Earnings of $1.02 Per Share

Brokerages forecast that Westinghouse Air Brake Technologies Corp (NYSE:WAB) will announce $1.02 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Westinghouse Air Brake Technologies’ earnings. The highest EPS estimate is $1.04 and the lowest is $0.99. Westinghouse Air Brake Technologies reported earnings per share of $0.90 in the same quarter last year, which would suggest a positive year over year growth rate of 13.3%. The company is scheduled to announce its next earnings results on Tuesday, February 19th.

According to Zacks, analysts expect that Westinghouse Air Brake Technologies will report full year earnings of $3.85 per share for the current year, with EPS estimates ranging from $3.84 to $3.87. For the next year, analysts forecast that the company will report earnings of $4.49 per share, with EPS estimates ranging from $4.30 to $4.65. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Westinghouse Air Brake Technologies.

A number of equities analysts recently issued reports on WAB shares. Zacks Investment Research cut Westinghouse Air Brake Technologies from a “hold” rating to a “sell” rating in a report on Saturday. ValuEngine raised Westinghouse Air Brake Technologies from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Cowen reiterated an “outperform” rating and set a $88.00 price target (down previously from $125.00) on shares of Westinghouse Air Brake Technologies in a research note on Tuesday, January 29th. Seaport Global Securities restated a “buy” rating on shares of Westinghouse Air Brake Technologies in a research note on Monday, January 28th. Finally, William Blair restated an “outperform” rating on shares of Westinghouse Air Brake Technologies in a research note on Thursday, December 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. Westinghouse Air Brake Technologies has an average rating of “Buy” and a consensus price target of $100.80.

NYSE WAB opened at $70.56 on Wednesday. The stock has a market capitalization of $6.82 billion, a PE ratio of 20.57, a P/E/G ratio of 1.42 and a beta of 1.32. Westinghouse Air Brake Technologies has a 52 week low of $65.09 and a 52 week high of $115.40. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.28 and a current ratio of 2.84.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Stockholders of record on Friday, February 8th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, February 7th. This represents a $0.48 annualized dividend and a dividend yield of 0.68%. Westinghouse Air Brake Technologies’s payout ratio is 13.99%.

Several large investors have recently made changes to their positions in the business. Smithfield Trust Co. boosted its stake in 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 worth $218,000 after purchasing an additional 1,330 shares during the period. Piedmont Investment Advisors Inc. raised its holdings in Westinghouse Air Brake Technologies by 10,666.7% in 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 period. Boston Common Asset Management LLC bought a new position in Westinghouse Air Brake Technologies in the 3rd quarter worth $256,000. Resources Management Corp CT ADV acquired a new stake in Westinghouse Air Brake Technologies in the 3rd quarter worth $292,000. Finally, Patten Group Inc. grew its position in Westinghouse Air Brake Technologies by 21.1% in the 3rd quarter. Patten Group Inc. now owns 9,470 shares of the transportation company’s stock worth $993,000 after purchasing an additional 1,650 shares during the last quarter. Institutional investors own 97.25% of the company’s stock.

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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