Westinghouse Air Brake Technologies (NYSE:WAB) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $4.10-4.20 for the period, compared to the Thomson Reuters consensus 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.
A number of equities research analysts recently weighed in on the stock. Citigroup set a $84.00 price objective on shares of Westinghouse Air Brake Technologies and gave the company a hold rating in a research report on Wednesday. Stifel Nicolaus set a $96.00 price objective on shares of Westinghouse Air Brake Technologies and gave the company a buy rating in a research report on Friday, April 26th. Wells Fargo & Co set a $95.00 price objective on shares of Westinghouse Air Brake Technologies and gave the company a buy rating in a research report on Friday, April 26th. Cowen restated a buy rating and issued a $92.00 target price on shares of Westinghouse Air Brake Technologies in a research report on Tuesday. Finally, Goldman Sachs Group initiated coverage on shares of Westinghouse Air Brake Technologies in a research report on Wednesday, July 10th. They issued a neutral rating for the company. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $87.63.
NYSE WAB traded down $0.67 on Friday, hitting $75.29. The stock had a trading volume of 163,821 shares, compared to its average volume of 1,231,127. Westinghouse Air Brake Technologies has a one year low of $61.95 and a one year high of $115.40. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.75 and a current ratio of 1.32. The stock has a market cap of $12.67 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.50 and a beta of 1.40. The firm’s 50-day simple moving average is $71.53.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Thursday, August 8th. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 12.60%.
In related news, Director Albert J. Neupaver purchased 10,000 shares of Westinghouse Air Brake Technologies stock in a transaction dated Tuesday, May 21st. The stock was bought at an average cost of $65.26 per share, with a total value of $652,600.00. Following the purchase, the director now owns 668,418 shares in the company, valued at approximately $43,620,958.68. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director William E. Kassling purchased 8,000 shares of Westinghouse Air Brake Technologies stock in a transaction dated Thursday, May 23rd. The stock was bought 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 approximately $4,388,806.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 21,000 shares of company stock valued at $1,349,650. Company insiders own 6.56% of the company’s stock.
Westinghouse Air Brake Technologies Company Profile
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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