Westinghouse Air Brake Technologies (NYSE:WAB) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $4.00-4.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.15. The company issued revenue guidance of $8.4 billion, compared to the consensus revenue estimate of $8.39 billion.
Several brokerages have issued reports on WAB. ValuEngine downgraded shares of Westinghouse Air Brake Technologies from a hold rating to a sell rating in a report on Tuesday, May 14th. Zacks Investment Research raised shares of Westinghouse Air Brake Technologies from a sell rating to a hold rating in a research report on Friday, February 15th. 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 reissued an outperform rating and issued a $88.00 price objective (down previously from $125.00) on shares of Westinghouse Air Brake Technologies in a research report on Tuesday, January 29th. Finally, 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $94.10.
Shares of WAB stock opened at $65.90 on Friday. Westinghouse Air Brake Technologies has a one year low of $65.09 and a one year high of $115.40. The company has a quick ratio of 0.75, a current ratio of 1.35 and a debt-to-equity ratio of 0.47. The company has a market cap of $6.60 billion, a P/E ratio of 17.30, a P/E/G ratio of 1.31 and a beta of 1.29.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Thursday, May 9th. Westinghouse Air Brake Technologies’s payout ratio is currently 12.60%.
In other news, Director Linda S. Harty sold 3,000 shares of the stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $75.68, for a total value of $227,040.00. Following the completion of the sale, the director now owns 6,054 shares of the company’s stock, valued at $458,166.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.56% of the stock is owned by corporate insiders.
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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