Westinghouse Air Brake Technologies Corporation (NYSE:WAB) – Analysts at Seaport Global Securities issued their FY2017 earnings estimates for Westinghouse Air Brake Technologies in a report issued on Thursday. Seaport Global Securities analyst W. Milby forecasts that the transportation company will post earnings per share of $3.49 for the year. Seaport Global Securities has a “Buy” rating and a $90.00 price target on the stock. Seaport Global Securities also issued estimates for Westinghouse Air Brake Technologies’ Q4 2017 earnings at $0.97 EPS, Q1 2018 earnings at $0.94 EPS, Q2 2018 earnings at $1.04 EPS, Q3 2018 earnings at $1.12 EPS, Q4 2018 earnings at $1.19 EPS, FY2018 earnings at $4.29 EPS, Q1 2019 earnings at $1.06 EPS, Q2 2019 earnings at $1.15 EPS, Q3 2019 earnings at $1.23 EPS, Q4 2019 earnings at $1.31 EPS and FY2019 earnings at $4.74 EPS.

Other research analysts also recently issued reports about the stock. Stifel Nicolaus reissued a “hold” rating and set a $74.00 price objective on shares of Westinghouse Air Brake Technologies in a research report on Tuesday, September 12th. Zacks Investment Research downgraded shares of Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Buckingham Research reduced their price objective on shares of Westinghouse Air Brake Technologies from $100.00 to $97.00 and set a “buy” rating on the stock in a research report on Wednesday, October 25th. Cowen began coverage on shares of Westinghouse Air Brake Technologies in a research report on Wednesday, December 13th. They set an “outperform” rating and a $90.00 price objective on the stock. Finally, B. Riley reissued a “neutral” rating on shares of Westinghouse Air Brake Technologies in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $87.44.

Shares of Westinghouse Air Brake Technologies (NYSE WAB) opened at $83.09 on Monday. Westinghouse Air Brake Technologies has a 1-year low of $69.20 and a 1-year high of $93.81. The company has a current ratio of 1.55, a quick ratio of 1.03 and a debt-to-equity ratio of 0.67. The company has a market cap of $7,980.00, a price-to-earnings ratio of 31.59, a P/E/G ratio of 1.75 and a beta of 1.08.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.04. Westinghouse Air Brake Technologies had a net margin of 7.04% and a return on equity of 11.85%. The company had revenue of $957.93 million during the quarter, compared to analyst estimates of $947.18 million. During the same period in the prior year, the business posted $0.94 EPS. The firm’s revenue was up 41.8% compared to the same quarter last year.

Hedge funds have recently made changes to their positions in the stock. Fieldpoint Private Securities LLC grew its position in Westinghouse Air Brake Technologies by 49.4% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 2,390 shares of the transportation company’s stock valued at $181,000 after purchasing an additional 790 shares during the last quarter. Tredje AP fonden grew its position in Westinghouse Air Brake Technologies by 15.7% during the 2nd quarter. Tredje AP fonden now owns 2,720 shares of the transportation company’s stock valued at $249,000 after purchasing an additional 370 shares during the last quarter. Pacer Advisors Inc. grew its position in Westinghouse Air Brake Technologies by 873.0% during the 3rd quarter. Pacer Advisors Inc. now owns 15,860 shares of the transportation company’s stock valued at $1,201,000 after purchasing an additional 14,230 shares during the last quarter. Kingfisher Capital LLC grew its position in Westinghouse Air Brake Technologies by 3.0% during the 2nd quarter. Kingfisher Capital LLC now owns 13,580 shares of the transportation company’s stock valued at $1,243,000 after purchasing an additional 392 shares during the last quarter. Finally, Eaton Vance Management grew its position in Westinghouse Air Brake Technologies by 16.6% during the 2nd quarter. Eaton Vance Management now owns 14,082 shares of the transportation company’s stock valued at $1,289,000 after purchasing an additional 2,000 shares during the last quarter.

In related news, Director Robert J. Brooks sold 3,500 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $77.66, for a total transaction of $271,810.00. Following the sale, the director now directly owns 84,221 shares of the company’s stock, valued at approximately $6,540,602.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David L. Deninno sold 1,917 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $76.10, for a total transaction of $145,883.70. Following the sale, the vice president now directly owns 56,131 shares in the company, valued at $4,271,569.10. The disclosure for this sale can be found here. 11.69% of the stock is owned by corporate insiders.

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About Westinghouse Air Brake Technologies

Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, is a provider of technology-based equipment and services for the global freight and transit rail industries. The Company’s segments include the Freight Segment and the Transit Segment. The Freight Segment primarily 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.

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

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