Equities analysts expect Wabtec Co. (NYSE:WAB) to post earnings of $0.90 per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Wabtec’s earnings, with the highest EPS estimate coming in at $0.94 and the lowest estimate coming in at $0.84. Wabtec reported earnings per share of $1.03 during the same quarter last year, which suggests a negative year over year growth rate of 12.6%. The business is expected to report its next 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 fiscal year, with EPS estimates ranging from $3.65 to $4.00. For the next year, analysts forecast that the business will post earnings of $4.44 per share, with EPS estimates ranging from $4.20 to $4.87. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Wabtec.
Wabtec (NYSE:WAB) last issued its quarterly earnings results on Tuesday, July 28th. The transportation company reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.12. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Wabtec had a net margin of 5.29% and a return on equity of 7.60%. The company’s revenue was down 24.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 EPS.
A number of research analysts recently weighed in on the stock. Citigroup lifted their target price on shares of Wabtec from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Wells Fargo & Company lifted their target price on shares of Wabtec from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Wolfe Research cut shares of Wabtec from a “market perform” rating to an “underperform” rating in a research note on Tuesday, July 7th. Finally, ValuEngine cut shares of Wabtec from a “hold” rating to a “sell” rating in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $72.25.
In other Wabtec news, Director Linda S. Harty bought 5,000 shares of Wabtec stock in a transaction dated Monday, August 3rd. The shares were purchased at an average cost of $61.93 per share, for a total transaction of $309,650.00. Following the acquisition, the director now directly owns 13,382 shares in the company, valued at approximately $828,747.26. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Erwan Faiveley sold 4,600 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $68.26, for a total transaction of $313,996.00. Following the completion of the sale, the director now owns 9,026 shares in the company, valued at $616,114.76. The disclosure for this sale can be found here. 5.35% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Silvercrest Asset Management Group LLC increased 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 worth $402,000 after buying an additional 367 shares during the last quarter. Cibc World Markets Corp increased its holdings in shares of Wabtec by 419.6% in the 2nd quarter. Cibc World Markets Corp now owns 69,248 shares of the transportation company’s stock worth $3,987,000 after buying an additional 55,921 shares during the last quarter. Berman Capital Advisors LLC increased its holdings in shares of Wabtec by 118.9% in the 2nd quarter. Berman Capital Advisors LLC now owns 3,130 shares of the transportation company’s stock worth $178,000 after buying an additional 1,700 shares during the last quarter. WASHINGTON TRUST Co increased its holdings in shares of Wabtec by 63,022.4% in the 2nd quarter. WASHINGTON TRUST Co now owns 123,720 shares of the transportation company’s stock worth $7,096,000 after buying an additional 123,524 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased 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 worth $609,000 after buying an additional 3,263 shares during the last quarter. Hedge funds and other institutional investors own 88.10% of the company’s stock.
Shares of Wabtec stock traded up $1.99 on Monday, hitting $62.72. 801,203 shares of the company’s stock were exchanged, compared to its average volume of 1,477,057. The company has a 50-day simple moving average of $66.22 and a 200-day simple moving average of $59.19. The stock has a market capitalization of $11.94 billion, a PE ratio of 28.13, a PEG ratio of 6.10 and a beta of 1.54. Wabtec has a 1 year low of $35.07 and a 1 year high of $81.75. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.62 and a current ratio of 1.14.
Wabtec Company Profile
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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