Analysts expect that Wabtec Co. (NYSE:WAB) will post $1.03 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Wabtec’s earnings, with the lowest sales estimate coming in at $989.20 million and the highest estimate coming in at $1.06 billion. Wabtec reported sales of $932.25 million in the same quarter last year, which would suggest a positive year over year growth rate of 10.5%. The company is scheduled to issue its next quarterly earnings results on Tuesday, July 24th.
According to Zacks, analysts expect that Wabtec will report full-year sales of $4.20 billion for the current year, with estimates ranging from $4.08 billion to $4.28 billion. For the next year, analysts anticipate that the firm will report sales of $4.40 billion per share, with estimates ranging from $4.23 billion to $4.50 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Wabtec.
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Wabtec (NYSE:WAB) last posted its earnings results on Tuesday, April 24th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Wabtec had a return on equity of 12.13% and a net margin of 6.88%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.77 earnings per share.
A number of brokerages have weighed in on WAB. Zacks Investment Research cut Wabtec from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Deutsche Bank upgraded Wabtec from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Monday. B. Riley set a $85.00 price objective on Wabtec and gave the company a “hold” rating in a research note on Wednesday, February 21st. Cowen reiterated a “buy” rating and issued a $90.00 price objective on shares of Wabtec in a research note on Tuesday, February 20th. Finally, Wells Fargo set a $100.00 price objective on Wabtec and gave the company an “outperform” rating in a research note on Wednesday, April 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Wabtec has a consensus rating of “Buy” and a consensus price target of $93.83.
Institutional investors have recently added to or reduced their stakes in the company. Synovus Financial Corp purchased a new stake in shares of Wabtec during the first quarter worth approximately $102,000. Zions Bancorporation purchased a new stake in shares of Wabtec during the first quarter worth approximately $197,000. Massey Quick Simon & CO. LLC raised its stake in shares of Wabtec by 100.0% during the first quarter. Massey Quick Simon & CO. LLC now owns 3,348 shares of the transportation company’s stock worth $273,000 after purchasing an additional 1,674 shares during the last quarter. Granite Springs Asset Management LLC raised its stake in shares of Wabtec by 21.2% during the first quarter. Granite Springs Asset Management LLC now owns 4,000 shares of the transportation company’s stock worth $326,000 after purchasing an additional 700 shares during the last quarter. Finally, Emerald Advisers Inc. PA purchased a new stake in shares of Wabtec during the fourth quarter worth approximately $327,000.
WAB stock opened at $94.15 on Friday. The company has a market cap of $8.97 billion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 2.10 and a beta of 0.91. Wabtec has a fifty-two week low of $93.97 and a fifty-two week high of $95.02. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.50 and a quick ratio of 0.99.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Stockholders of record on Friday, May 11th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Thursday, May 10th. Wabtec’s dividend payout ratio (DPR) is presently 13.99%.
Wabtec Company Profile
Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. It operates in two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing locomotive and freight cars; supplies railway electronics and positive train control equipment; offers signal design and engineering services; builds switcher locomotives; rebuilds freight locomotives; and provides heat exchangers and cooling systems for rail and other industrial markets.
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