Headlines about Wabi Exploration (NYSE:WAB) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wabi Exploration earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.4551966996501 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s scoring:
- Westinghouse Air Brake Technologies Corporation (WAB) Expected to Post Quarterly Sales of $1.00 Billion (americanbankingnews.com)
- Westinghouse Air Brake Technologies Corporation (WAB) Ex-Dividend Date Scheduled for November 10, 2017 – Nasdaq (nasdaq.com)
- Edited Transcript of WAB earnings conference call or presentation 24-Oct-17 2:00pm GMT (finance.yahoo.com)
- Robert J. Brooks Sells 3,500 Shares of Westinghouse Air Brake Technologies Corporation (WAB) Stock (americanbankingnews.com)
- Westinghouse Air Brake Technologies Corporation (WAB) Rating Lowered to Sell at Zacks Investment Research (americanbankingnews.com)
Wabi Exploration (WAB) opened at C$76.51 on Friday. Wabi Exploration has a 52-week low of C$69.20 and a 52-week high of C$93.81.
Wabi Exploration (NYSE:WAB) last issued its earnings results on Tuesday, October 24th. The company reported C$0.88 EPS for the quarter, topping analysts’ consensus estimates of C$0.84 by C$0.04. Wabi Exploration had a net margin of 7.74% and a return on equity of 11.75%. The company had revenue of C$957.93 million for the quarter, compared to the consensus estimate of C$947.18 million. During the same period in the previous year, the firm earned $0.94 earnings per share. Wabi Exploration’s quarterly revenue was up 41.8% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Friday, November 10th.
Several brokerages have recently issued reports on WAB. Edward Jones lowered shares of Wabi Exploration from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. FBR & Co dropped their target price on shares of Wabi Exploration from $100.00 to $85.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 26th. Stifel Nicolaus reiterated a “hold” rating and issued a $75.00 target price (up previously from $74.00) on shares of Wabi Exploration in a research report on Wednesday, October 25th. B. Riley reiterated a “neutral” rating on shares of Wabi Exploration in a research report on Wednesday, November 1st. Finally, Deutsche Bank AG set a $85.00 price target on shares of Wabi Exploration and gave the stock a “hold” rating in a research report on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$87.75.
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In other news, Director Robert J. Brooks sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of C$77.66, for a total value of C$271,810.00. Following the sale, the director now directly owns 84,221 shares of the company’s stock, valued at approximately C$6,540,602.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David L. Deninno sold 1,917 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of C$76.10, for a total transaction of C$145,883.70. Following the completion of the sale, the vice president now directly owns 56,131 shares in the company, valued at C$4,271,569.10. The disclosure for this sale can be found here.
Wabi Exploration Company Profile
Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, is a provider of technology-based equipment and services for the global freight and transit rail industries. The Company’s segments include the Freight Segment and the Transit Segment. The Freight Segment primarily 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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