Brokerages Expect Westinghouse Air Brake Technologies Corp (WAB) Will Announce Earnings of $1.02 Per Share
Analysts expect Westinghouse Air Brake Technologies Corp (NYSE:WAB) to post earnings per share (EPS) of $1.02 for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Westinghouse Air Brake Technologies’ earnings, with estimates ranging from $1.00 to $1.04. Westinghouse Air Brake Technologies reported earnings per share of $0.90 during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.3%. The company is expected to issue its next quarterly earnings report 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 financial year, with EPS estimates ranging from $3.85 to $3.87. For the next financial year, analysts expect that the business will post earnings of $4.57 per share, with EPS estimates ranging from $4.30 to $5.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Westinghouse Air Brake Technologies.
Westinghouse Air Brake Technologies (NYSE:WAB) last announced its quarterly earnings results on Tuesday, October 30th. The transportation company reported $0.95 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.95. Westinghouse Air Brake Technologies had a return on equity of 12.43% and a net margin of 7.16%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the business earned $0.88 EPS. Westinghouse Air Brake Technologies’s revenue for the quarter was up 12.5% compared to the same quarter last year.
NYSE:WAB opened at $84.61 on Wednesday. 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 2.28, a current ratio of 2.84 and a debt-to-equity ratio of 1.31. The company has a market cap of $8.60 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 2.01 and a beta of 1.19.
The business also recently announced a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 16th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Thursday, November 15th. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 13.99%.
Several institutional investors have recently modified their holdings of the company. Resources Management Corp CT ADV acquired a new position in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $292,000. Capital International Sarl acquired a new position in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $5,114,000. Capital International Investors acquired a new position in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $317,827,000. Capital Guardian Trust Co. acquired a new position in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $56,767,000. Finally, Capital Bank & Trust Co acquired a new position in shares of Westinghouse Air Brake Technologies during the 3rd quarter worth approximately $55,641,000. Institutional investors and hedge funds own 95.02% 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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