Equities research analysts expect that Westinghouse Air Brake Technologies Corp (NYSE:WAB) will announce earnings of $1.01 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Westinghouse Air Brake Technologies’ earnings, with the lowest EPS estimate coming in at $0.96 and the highest estimate coming in at $1.03. Westinghouse Air Brake Technologies posted earnings per share of $0.96 during the same quarter last year, which indicates a positive year over year growth rate of 5.2%. The firm is expected to issue its next quarterly earnings report on Tuesday, July 23rd.

According to Zacks, analysts expect that Westinghouse Air Brake Technologies will report full year earnings of $4.19 per share for the current fiscal year, with EPS estimates ranging from $4.00 to $4.29. For the next fiscal year, analysts expect that the business will post earnings of $4.91 per share, with EPS estimates ranging from $4.55 to $5.20. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Westinghouse Air Brake Technologies.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.26. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.46 billion. Westinghouse Air Brake Technologies had a net margin of 4.12% and a return on equity of 9.11%. The company’s revenue was up 50.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 earnings per share.

A number of research analysts have weighed in on WAB shares. Seaport Global Securities reiterated a “buy” rating on shares of Westinghouse Air Brake Technologies in a research report on Monday, January 28th. Stephens set a $92.00 price objective on shares of Westinghouse Air Brake Technologies and gave the company a “buy” rating in a research note on Tuesday, February 26th. Buckingham Research reduced their price objective on shares of Westinghouse Air Brake Technologies from $94.00 to $93.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Wells Fargo & Co set a $95.00 price objective on shares of Westinghouse Air Brake Technologies and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Stifel Nicolaus set a $96.00 price objective on shares of Westinghouse Air Brake Technologies and gave the company a “buy” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. Westinghouse Air Brake Technologies currently has an average rating of “Buy” and a consensus target price of $94.10.

Shares of Westinghouse Air Brake Technologies stock traded down $1.15 during trading hours on Wednesday, reaching $68.39. The stock had a trading volume of 2,449,767 shares, compared to its average volume of 2,953,340. The company has a market cap of $6.72 billion, a P/E ratio of 17.95, a price-to-earnings-growth ratio of 1.35 and a beta of 1.29. Westinghouse Air Brake Technologies has a twelve month low of $65.09 and a twelve month high of $115.40. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.75 and a current ratio of 1.35.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Thursday, May 9th. Westinghouse Air Brake Technologies’s payout ratio is currently 12.60%.

In other Westinghouse Air Brake Technologies news, Director Linda S. Harty sold 3,000 shares of Westinghouse Air Brake Technologies stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $75.68, for a total transaction of $227,040.00. Following the completion of the transaction, the director now owns 6,054 shares in the company, valued at $458,166.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.56% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Assetmark Inc. grew its holdings in Westinghouse Air Brake Technologies by 7,560.4% during the first quarter. Assetmark Inc. now owns 38,149 shares of the transportation company’s stock valued at $2,812,000 after purchasing an additional 37,651 shares during the last quarter. AdvisorNet Financial Inc grew its position in shares of Westinghouse Air Brake Technologies by 25.7% during the 1st quarter. AdvisorNet Financial Inc now owns 1,105 shares of the transportation company’s stock worth $81,000 after buying an additional 226 shares during the period. Williams Jones & Associates LLC grew its position in shares of Westinghouse Air Brake Technologies by 36.9% during the 1st quarter. Williams Jones & Associates LLC now owns 721,867 shares of the transportation company’s stock worth $53,216,000 after buying an additional 194,724 shares during the period. Iat Reinsurance Co. LTD. acquired a new position in shares of Westinghouse Air Brake Technologies during the 1st quarter worth about $48,000. Finally, Xact Kapitalforvaltning AB grew its position in shares of Westinghouse Air Brake Technologies by 21.4% during the 1st quarter. Xact Kapitalforvaltning AB now owns 22,903 shares of the transportation company’s stock worth $1,688,000 after buying an additional 4,041 shares during the period. 99.51% of the stock is owned by institutional investors and hedge funds.

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. The company's Freight segment 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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Earnings History and Estimates for Westinghouse Air Brake Technologies (NYSE:WAB)

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