Westinghouse Air Brake Technologies (NYSE:WAB) issued its earnings results on Tuesday. The transportation company reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.12, Briefing.com reports. Westinghouse Air Brake Technologies had a return on equity of 7.61% and a net margin of 5.29%. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the previous year, the firm posted $1.06 EPS. The company’s quarterly revenue was down 24.0% on a year-over-year basis. Westinghouse Air Brake Technologies updated its FY 2020
Pre-Market guidance to 3.50-3.80 EPS and its FY20 guidance to $3.50-$3.80 EPS.

Shares of NYSE:WAB traded down $1.63 on Thursday, reaching $63.65. The company had a trading volume of 13,818 shares, compared to its average volume of 1,171,686. Westinghouse Air Brake Technologies has a twelve month low of $35.07 and a twelve month high of $81.75. The stock has a 50-day moving average price of $60.13 and a 200 day moving average price of $61.79. The stock has a market capitalization of $12.09 billion, a P/E ratio of 28.38, a P/E/G ratio of 0.55 and a beta of 1.51. The company has a quick ratio of 0.82, a current ratio of 1.42 and a debt-to-equity ratio of 0.48.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.75%. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 11.51%.

A number of brokerages have recently weighed in on WAB. Goldman Sachs Group downgraded Westinghouse Air Brake Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the company from $70.00 to $65.00 in a report on Wednesday, June 3rd. Wells Fargo & Co lifted their price target on Westinghouse Air Brake Technologies from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday. Wolfe Research downgraded Westinghouse Air Brake Technologies from a “market perform” rating to an “underperform” rating in a report on Tuesday, July 7th. Morgan Stanley lowered their price target on Westinghouse Air Brake Technologies from $76.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, May 5th. Finally, Citigroup lifted their price target on Westinghouse Air Brake Technologies from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Westinghouse Air Brake Technologies currently has a consensus rating of “Hold” and a consensus target price of $72.25.

In related news, Director William E. Kassling purchased 10,000 shares of Westinghouse Air Brake Technologies stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of $51.17 per share, with a total value of $511,700.00. Following the completion of the transaction, the director now directly owns 69,730 shares of the company’s stock, valued at $3,568,084.10. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 5.35% of the stock is owned by 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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Earnings History for Westinghouse Air Brake Technologies (NYSE:WAB)

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