Westinghouse Air Brake Technologies (NYSE:WAB) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $4.10-4.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.11. The company issued revenue guidance of $8.3-8.3 billion, compared to the consensus revenue estimate of $8.38 billion.Westinghouse Air Brake Technologies also updated its FY19 guidance to $4.10-4.20 EPS.
Shares of WAB stock traded down $0.62 during trading on Friday, hitting $75.34. 1,410,884 shares of the company were exchanged, compared to its average volume of 1,231,127. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.32 and a quick ratio of 0.75. The company has a market capitalization of $12.67 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.40. The business’s 50-day moving average is $71.53. Westinghouse Air Brake Technologies has a twelve month low of $61.95 and a twelve month high of $115.40.
Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.08. Westinghouse Air Brake Technologies had a net margin of 3.68% and a return on equity of 6.76%. The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the company earned $0.96 earnings per share. Westinghouse Air Brake Technologies’s revenue for the quarter was up 101.2% on a year-over-year basis. On average, equities analysts predict that Westinghouse Air Brake Technologies will post 4.14 earnings per share for the current year.
WAB has been the topic of several recent analyst reports. Buckingham Research boosted their target price on shares of Westinghouse Air Brake Technologies from $81.00 to $83.00 and gave the company a neutral rating in a research note on Wednesday. Citigroup set a $84.00 price target on shares of Westinghouse Air Brake Technologies and gave the stock a hold rating in a research report on Wednesday. Goldman Sachs Group started coverage on shares of Westinghouse Air Brake Technologies in a research report on Wednesday, July 10th. They set a neutral rating on the stock. Wellington Shields cut Westinghouse Air Brake Technologies from an accumulate rating to a hold rating in a research note on Thursday, July 11th. Finally, Cowen reaffirmed a buy rating and issued a $92.00 price target on shares of Westinghouse Air Brake Technologies in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $87.63.
In other Westinghouse Air Brake Technologies news, Director William E. Kassling purchased 8,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were purchased at an average cost of $62.94 per share, with a total value of $503,520.00. Following the completion of the purchase, the director now owns 69,730 shares in the company, valued at $4,388,806.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Albert J. Neupaver purchased 10,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was acquired at an average cost of $65.26 per share, for a total transaction of $652,600.00. Following the completion of the purchase, the director now owns 668,418 shares of the company’s stock, valued at approximately $43,620,958.68. The disclosure for this purchase can be found here. Insiders have bought 21,000 shares of company stock worth $1,349,650 over the last three months. Insiders own 6.56% of the company’s stock.
About Westinghouse Air Brake Technologies
Wabtec Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. The company's Freight segment 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.
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