KeyCorp Analysts Increase Earnings Estimates for Wabtec Co. (WAB)

Wabtec Co. (NYSE:WAB) – Research analysts at KeyCorp upped their Q2 2018 earnings per share (EPS) estimates for shares of Wabtec in a report released on Tuesday, April 24th. KeyCorp analyst S. Barger now expects that the transportation company will post earnings of $0.96 per share for the quarter, up from their previous estimate of $0.92. KeyCorp also issued estimates for Wabtec’s Q3 2018 earnings at $0.93 EPS, Q4 2018 earnings at $1.06 EPS, FY2018 earnings at $3.88 EPS, Q1 2019 earnings at $1.05 EPS, Q2 2019 earnings at $1.06 EPS, Q3 2019 earnings at $1.00 EPS, Q4 2019 earnings at $1.17 EPS and FY2019 earnings at $4.28 EPS.

Wabtec (NYSE:WAB) last issued its quarterly earnings data on Tuesday, April 24th. The transportation company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.02. Wabtec had a net margin of 6.88% and a return on equity of 12.13%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the firm earned $0.77 earnings per share. The company’s quarterly revenue was up 15.3% compared to the same quarter last year.

A number of other brokerages have also issued reports on WAB. B. Riley set a $95.00 target price on shares of Wabtec and gave the stock a “hold” rating in a research report on Tuesday. ValuEngine upgraded shares of Wabtec from a “hold” rating to a “buy” rating in a research report on Tuesday. Wells Fargo set a $100.00 target price on shares of Wabtec and gave the stock an “outperform” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Wabtec from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Cowen reiterated a “buy” rating and set a $90.00 target price on shares of Wabtec in a research report on Monday. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. Wabtec presently has an average rating of “Buy” and a consensus target price of $91.17.

Shares of WAB stock opened at $88.94 on Thursday. Wabtec has a 1 year low of $69.20 and a 1 year high of $93.81. The company has a market cap of $8,680.82, a PE ratio of 25.93, a P/E/G ratio of 2.06 and a beta of 0.93. The company has a current ratio of 1.50, a quick ratio of 0.97 and a debt-to-equity ratio of 0.63.

A number of hedge funds and other institutional investors have recently made changes to their positions in WAB. Windward Capital Management Co. CA acquired a new position in Wabtec in the fourth quarter valued at approximately $219,000. Hikari Power Ltd lifted its holdings in Wabtec by 5.2% in the fourth quarter. Hikari Power Ltd now owns 192,770 shares of the transportation company’s stock valued at $15,697,000 after buying an additional 9,470 shares during the period. SG Americas Securities LLC acquired a new position in Wabtec in the fourth quarter valued at approximately $1,716,000. Beck Mack & Oliver LLC lifted its holdings in Wabtec by 11.7% in the fourth quarter. Beck Mack & Oliver LLC now owns 665,963 shares of the transportation company’s stock valued at $54,229,000 after buying an additional 69,504 shares during the period. Finally, Patten Group Inc. lifted its holdings in Wabtec by 55.5% in the fourth quarter. Patten Group Inc. now owns 5,195 shares of the transportation company’s stock valued at $423,000 after buying an additional 1,855 shares during the period.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, May 11th will be issued a $0.12 dividend. The ex-dividend date is Thursday, May 10th. This represents a $0.48 annualized dividend and a yield of 0.54%. Wabtec’s dividend payout ratio is currently 13.99%.

About Wabtec

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.

Earnings History and Estimates for Wabtec (NYSE:WAB)

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