Brokerages predict that Wabtec Co. (NYSE:WAB) will report earnings per share (EPS) of $0.90 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Wabtec’s earnings. The lowest EPS estimate is $0.84 and the highest is $0.94. Wabtec posted earnings of $1.03 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 12.6%. The company is expected to issue its next quarterly earnings results before the market opens on Thursday, October 29th.
On average, analysts expect that Wabtec will report full-year earnings of $3.78 per share for the current year, with EPS estimates ranging from $3.65 to $4.00. For the next year, analysts anticipate that the business will report earnings of $4.44 per share, with EPS estimates ranging from $4.20 to $4.87. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Wabtec.
Wabtec (NYSE:WAB) last announced its quarterly earnings data on Tuesday, July 28th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.12. Wabtec had a return on equity of 7.60% and a net margin of 5.29%. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period last year, the business posted $1.06 earnings per share. The company’s revenue for the quarter was down 24.0% compared to the same quarter last year.
Several research analysts have recently issued reports on WAB shares. Wolfe Research cut Wabtec from a “market perform” rating to an “underperform” rating in a research note on Tuesday, July 7th. Citigroup lifted their price target on Wabtec from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. ValuEngine cut Wabtec from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Wells Fargo & Company lifted their price target on Wabtec from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $72.25.
Shares of NYSE:WAB traded up $1.99 during trading on Monday, hitting $62.72. The stock had a trading volume of 801,203 shares, compared to its average volume of 1,477,057. Wabtec has a 12-month low of $35.07 and a 12-month high of $81.75. The stock has a market capitalization of $11.94 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 6.10 and a beta of 1.54. The company has a quick ratio of 0.62, a current ratio of 1.14 and a debt-to-equity ratio of 0.38. The stock has a 50-day simple moving average of $66.22 and a two-hundred day simple moving average of $59.19.
In other Wabtec news, Director Linda S. Harty acquired 5,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was acquired at an average cost of $61.93 per share, for a total transaction of $309,650.00. Following the completion of the transaction, the director now directly owns 13,382 shares of the company’s stock, valued at $828,747.26. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Erwan Faiveley sold 50,000 shares of Wabtec stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $67.23, for a total value of $3,361,500.00. Following the completion of the sale, the director now directly owns 9,026 shares in the company, valued at $606,817.98. The disclosure for this sale can be found here. 5.35% of the stock is owned by insiders.
Several large investors have recently modified their holdings of WAB. Berman Capital Advisors LLC boosted its stake in shares of Wabtec by 118.9% in the second quarter. Berman Capital Advisors LLC now owns 3,130 shares of the transportation company’s stock worth $178,000 after acquiring an additional 1,700 shares during the last quarter. Gabelli Funds LLC purchased a new stake in shares of Wabtec in the 1st quarter valued at $217,000. Silvercrest Asset Management Group LLC raised its holdings in shares of Wabtec by 5.5% in the 2nd quarter. Silvercrest Asset Management Group LLC now owns 6,986 shares of the transportation company’s stock valued at $402,000 after buying an additional 367 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in shares of Wabtec by 44.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,570 shares of the transportation company’s stock valued at $609,000 after buying an additional 3,263 shares during the period. Finally, Piedmont Investment Advisors Inc. raised its holdings in shares of Wabtec by 643.4% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 53,560 shares of the transportation company’s stock valued at $2,578,000 after buying an additional 46,355 shares during the period. 88.10% of the stock is currently owned by hedge funds and other institutional investors.
Wabtec Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. It operates through two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing freight cars and locomotives; builds new commuter 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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