Westinghouse Air Brake Technologies Corp (WAB) to Post FY2018 Earnings of $3.85 Per Share, Seaport Global Securities Forecasts

Westinghouse Air Brake Technologies Corp (NYSE:WAB) – Research analysts at Seaport Global Securities dropped their FY2018 earnings per share estimates for shares of Westinghouse Air Brake Technologies in a report issued on Tuesday, October 30th. Seaport Global Securities analyst W. Milby now forecasts that the transportation company will earn $3.85 per share for the year, down from their previous estimate of $3.92. Seaport Global Securities also issued estimates for Westinghouse Air Brake Technologies’ Q4 2018 earnings at $1.02 EPS, Q1 2019 earnings at $1.10 EPS, Q2 2019 earnings at $1.14 EPS, Q3 2019 earnings at $1.13 EPS, Q4 2019 earnings at $1.18 EPS, Q1 2020 earnings at $1.22 EPS, Q2 2020 earnings at $1.31 EPS and Q3 2020 earnings at $1.28 EPS.

A number of other equities research analysts have also commented on the company. Zacks Investment Research raised Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a research report on Tuesday, September 25th. William Blair reissued a “buy” rating on shares of Westinghouse Air Brake Technologies in a research report on Monday, September 17th. Wolfe Research lowered Westinghouse Air Brake Technologies from an “outperform” rating to a “peer perform” rating in a research report on Friday, October 5th. Wellington Shields raised Westinghouse Air Brake Technologies from a “hold” rating to a “gradually accumulate” rating in a research report on Monday, October 15th. Finally, Cowen reissued a “buy” rating and issued a $125.00 price target on shares of Westinghouse Air Brake Technologies in a research report on Tuesday, July 24th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $106.73.



NYSE WAB opened at $82.02 on Thursday. The firm has a market capitalization of $8.51 billion, a P/E ratio of 23.91, a P/E/G ratio of 2.01 and a beta of 0.93. Westinghouse Air Brake Technologies has a 12 month low of $69.75 and a 12 month high of $115.40. The company has a quick ratio of 0.99, a current ratio of 1.52 and a debt-to-equity ratio of 0.65.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings results on Tuesday, October 30th. The transportation company reported $0.95 EPS for the quarter, meeting analysts’ consensus estimates of $0.95. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1 billion. Westinghouse Air Brake Technologies had a return on equity of 12.40% and a net margin of 6.88%. Westinghouse Air Brake Technologies’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $0.48 dividend on an annualized basis and a yield of 0.59%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 13.99%.

In other Westinghouse Air Brake Technologies news, Director William E. Kassling sold 8,000 shares of the company’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $109.27, for a total value of $874,160.00. Following the completion of the transaction, the director now owns 81,444 shares in the company, valued at approximately $8,899,385.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Emilio Fernandez sold 16,000 shares of the company’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $112.27, for a total value of $1,796,320.00. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock valued at $5,562,320 in the last 90 days. Corporate insiders own 11.49% of the company’s stock.

Large investors have recently made changes to their positions in the business. Sterling Capital Management LLC grew its stake in Westinghouse Air Brake Technologies by 18.8% in the 2nd quarter. Sterling Capital Management LLC now owns 47,706 shares of the transportation company’s stock valued at $4,703,000 after purchasing an additional 7,553 shares during the period. Cerebellum GP LLC bought a new position in Westinghouse Air Brake Technologies in the 3rd quarter valued at $150,000. Principal Financial Group Inc. grew its stake in Westinghouse Air Brake Technologies by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 366,391 shares of the transportation company’s stock valued at $29,824,000 after purchasing an additional 9,375 shares during the period. MetLife Investment Advisors LLC grew its stake in Westinghouse Air Brake Technologies by 0.9% in the 2nd quarter. MetLife Investment Advisors LLC now owns 53,862 shares of the transportation company’s stock valued at $5,310,000 after purchasing an additional 492 shares during the period. Finally, Windward Capital Management Co. CA grew its stake in Westinghouse Air Brake Technologies by 57.8% in the 3rd quarter. Windward Capital Management Co. CA now owns 4,167 shares of the transportation company’s stock valued at $437,000 after purchasing an additional 1,526 shares during the period.

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.

Read More: What is a stock buyback?

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

Receive News & Ratings for Westinghouse Air Brake Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westinghouse Air Brake Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply