Westinghouse Air Brake Technologies Corp (NYSE:WAB) – Seaport Global Securities boosted their Q4 2018 EPS estimates for shares of Westinghouse Air Brake Technologies in a report released on Tuesday. Seaport Global Securities analyst W. Milby now expects that the transportation company will post earnings of $1.09 per share for the quarter, up from their prior forecast of $1.05. Seaport Global Securities has a “Buy” rating and a $90.00 price objective on the stock. Seaport Global Securities also issued estimates for Westinghouse Air Brake Technologies’ Q1 2019 earnings at $1.02 EPS.
Westinghouse Air Brake Technologies (NYSE:WAB) last announced its earnings results on Tuesday, February 20th. The transportation company reported $0.90 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.90. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Westinghouse Air Brake Technologies had a net margin of 6.76% and a return on equity of 12.55%. The firm’s revenue for the quarter was up 41.5% on a year-over-year basis. During the same quarter last year, the company posted $0.81 EPS.
Shares of Westinghouse Air Brake Technologies (NYSE WAB) opened at $83.40 on Friday. The stock has a market cap of $7,900.74, a PE ratio of 30.55, a P/E/G ratio of 1.87 and a beta of 1.00. The company has a current ratio of 1.44, a quick ratio of 1.03 and a debt-to-equity ratio of 0.64. Westinghouse Air Brake Technologies has a 1 year low of $69.20 and a 1 year high of $93.81.
Large investors have recently modified their holdings of the business. Fieldpoint Private Securities LLC grew its holdings 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 worth $181,000 after acquiring an additional 790 shares during the last quarter. Windward Capital Management Co. CA bought a new stake in Westinghouse Air Brake Technologies during the 4th quarter worth about $219,000. Emerald Advisers Inc. PA bought a new stake in Westinghouse Air Brake Technologies during the 4th quarter worth about $327,000. Patten Group Inc. grew its holdings in Westinghouse Air Brake Technologies by 55.5% during the 4th quarter. Patten Group Inc. now owns 5,195 shares of the transportation company’s stock worth $423,000 after acquiring an additional 1,855 shares during the last quarter. Finally, Tredje AP fonden grew its holdings in Westinghouse Air Brake Technologies by 92.6% during the 3rd quarter. Tredje AP fonden now owns 5,240 shares of the transportation company’s stock worth $397,000 after acquiring an additional 2,520 shares during the last quarter.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Thursday, February 8th. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 17.58%.
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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.
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