Westinghouse Air Brake Technologies (NYSE:WAB) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of approx $3.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.95. The company issued revenue guidance of approx $4.1 billion, compared to the consensus revenue estimate of $4.07 billion.
Several brokerages recently issued reports on WAB. Stifel Nicolaus set a $68.00 target price on Westinghouse Air Brake Technologies and gave the company a hold rating in a research report on Friday, February 9th. B. Riley set a $85.00 price objective on Westinghouse Air Brake Technologies and gave the company a hold rating in a report on Wednesday, February 21st. Cowen reissued a buy rating and issued a $90.00 price objective on shares of Westinghouse Air Brake Technologies in a report on Tuesday, February 20th. Wells Fargo & Co reissued a market perform rating and issued a $90.00 price objective (up from $88.00) on shares of Westinghouse Air Brake Technologies in a report on Wednesday, February 21st. Finally, William Blair reissued an outperform rating on shares of Westinghouse Air Brake Technologies in a report on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $87.50.
Shares of Westinghouse Air Brake Technologies (WAB) traded up $0.28 during mid-day trading on Wednesday, hitting $82.86. The stock had a trading volume of 456,970 shares, compared to its average volume of 850,684. Westinghouse Air Brake Technologies has a fifty-two week low of $69.20 and a fifty-two week high of $93.81. The company has a quick ratio of 0.97, a current ratio of 1.44 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $7,964.94, a price-to-earnings ratio of 30.35, a PEG ratio of 1.88 and a beta of 0.95.
The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.58%. Westinghouse Air Brake Technologies’s payout ratio is 17.58%.
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Westinghouse Air Brake Technologies 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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