Westinghouse Air Brake Technologies (NYSE:WAB – Get Rating) will be announcing its earnings results before the market opens on Friday, August 5th. Analysts expect the company to announce earnings of $1.22 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
Westinghouse Air Brake Technologies (NYSE:WAB – Get Rating) last released its earnings results on Wednesday, April 27th. The transportation company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.64. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.97 billion. Westinghouse Air Brake Technologies had a return on equity of 8.27% and a net margin of 7.51%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 EPS. On average, analysts expect Westinghouse Air Brake Technologies to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Westinghouse Air Brake Technologies Stock Performance
NYSE:WAB opened at $93.78 on Friday. The stock has a fifty day moving average price of $86.78 and a 200-day moving average price of $89.91. The company has a market cap of $17.13 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 1.40 and a beta of 1.51. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.72 and a current ratio of 1.36. Westinghouse Air Brake Technologies has a fifty-two week low of $78.26 and a fifty-two week high of $100.04.
Westinghouse Air Brake Technologies Announces Dividend
Institutional Investors Weigh In On Westinghouse Air Brake Technologies
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Eudaimonia Partners LLC bought a new stake in shares of Westinghouse Air Brake Technologies during the 1st quarter valued at about $366,000. Cibc World Markets Corp bought a new stake in shares of Westinghouse Air Brake Technologies during the 1st quarter valued at about $1,092,000. Finally, Neuberger Berman Group LLC boosted its position in shares of Westinghouse Air Brake Technologies by 2,233.1% during the 1st quarter. Neuberger Berman Group LLC now owns 245,277 shares of the transportation company’s stock valued at $23,589,000 after purchasing an additional 234,764 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. Atlantic Securities assumed coverage on Westinghouse Air Brake Technologies in a report on Monday, May 23rd. They set an “overweight” rating and a $101.00 price target for the company. StockNews.com raised Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating in a report on Sunday, May 1st. Morgan Stanley lowered their price target on Westinghouse Air Brake Technologies from $94.00 to $84.00 and set an “equal weight” rating for the company in a report on Monday, July 18th. Finally, Wolfe Research raised Westinghouse Air Brake Technologies from an “underperform” rating to a “market perform” rating in a report on Thursday, April 28th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.57.
Westinghouse Air Brake Technologies Company Profile
Westinghouse Air Brake Technologies Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit industries worldwide. It operates through two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing freight cars and locomotives; builds new commuter 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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