Brokerages forecast that Westinghouse Air Brake Technologies Corp (NYSE:WAB) will post $1.11 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Westinghouse Air Brake Technologies’ earnings, with the highest sales estimate coming in at $1.11 billion and the lowest estimate coming in at $1.10 billion. Westinghouse Air Brake Technologies reported sales of $1.08 billion in the same quarter last year, which would suggest a positive year over year growth rate of 2.8%. The company is scheduled to report its next earnings results on Tuesday, February 19th.

According to Zacks, analysts expect that Westinghouse Air Brake Technologies will report full-year sales of $4.35 billion for the current financial year, with estimates ranging from $4.35 billion to $4.36 billion. For the next fiscal year, analysts forecast that the business will report sales of $4.58 billion, with estimates ranging from $4.51 billion to $4.62 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Westinghouse Air Brake Technologies.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its earnings results on Tuesday, October 30th. The transportation company reported $0.95 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.95. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1 billion. Westinghouse Air Brake Technologies had a return on equity of 12.43% and a net margin of 7.16%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the company earned $0.88 earnings per share.

A number of analysts recently commented on the company. B. Riley set a $95.00 price target on Westinghouse Air Brake Technologies and gave the stock a “hold” rating in a report on Tuesday, July 24th. KeyCorp reiterated an “overweight” rating and set a $113.00 price target (up from $105.00) on shares of Westinghouse Air Brake Technologies in a report on Wednesday, July 25th. Stifel Nicolaus lifted their price target on Westinghouse Air Brake Technologies from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, July 25th. Zacks Investment Research upgraded Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a report on Tuesday, September 25th. Finally, Wolfe Research lowered Westinghouse Air Brake Technologies from an “outperform” rating to a “peer perform” rating in a report on Friday, October 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. Westinghouse Air Brake Technologies presently has a consensus rating of “Buy” and an average target price of $106.73.

In other Westinghouse Air Brake Technologies news, Director William E. Kassling sold 8,000 shares of the 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 sale, the director now owns 81,444 shares in the company, valued at approximately $8,899,385.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 11.49% of the company’s stock.

Several large investors have recently made changes to their positions in WAB. Principal Financial Group Inc. lifted its holdings in shares of 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 worth $29,824,000 after acquiring an additional 9,375 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Westinghouse Air Brake Technologies by 7.8% in the 2nd quarter. SG Americas Securities LLC now owns 15,388 shares of the transportation company’s stock worth $1,517,000 after acquiring an additional 1,107 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of 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 worth $4,703,000 after acquiring an additional 7,553 shares during the last quarter. MetLife Investment Advisors LLC lifted its holdings in shares of 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 worth $5,310,000 after acquiring an additional 492 shares during the last quarter. Finally, Barometer Capital Management Inc. acquired a new position in shares of Westinghouse Air Brake Technologies in the 3rd quarter worth approximately $5,842,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Westinghouse Air Brake Technologies stock traded up $1.15 during mid-day trading on Wednesday, reaching $86.06. 428,700 shares of the company’s stock were exchanged, compared to its average volume of 858,796. The firm has a market capitalization of $8.44 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 1.97 and a beta of 1.17. Westinghouse Air Brake Technologies has a one year low of $69.75 and a one year high of $115.40. The company has a current ratio of 2.84, a quick ratio of 2.28 and a debt-to-equity ratio of 1.31.

The firm also recently declared 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 is Thursday, November 15th. This represents a $0.48 dividend on an annualized basis and a yield of 0.56%. Westinghouse Air Brake Technologies’s payout ratio is presently 13.99%.

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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