Westinghouse Air Brake Technologies Corp. (NYSE:WAB) updated its FY16 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $3.95-4.00 for the period, compared to the Thomson Reuters consensus estimate of $4.02. The company issued revenue guidance of $2.91 billion, compared to the consensus revenue estimate of $2.91 billion.

A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Westinghouse Air Brake Technologies Corp. from a sell rating to a hold rating in a research report on Saturday, November 19th. Stifel Nicolaus restated a buy rating and issued a $90.00 target price (up previously from $85.00) on shares of Westinghouse Air Brake Technologies Corp. in a research report on Wednesday, October 5th. assumed coverage on Westinghouse Air Brake Technologies Corp. in a research report on Friday, September 30th. They issued a buy rating and a $97.00 target price for the company. Longbow Research downgraded Westinghouse Air Brake Technologies Corp. from a buy rating to a neutral rating in a research report on Wednesday, October 26th. Finally, Deutsche Bank AG assumed coverage on Westinghouse Air Brake Technologies Corp. in a research report on Tuesday, September 6th. They issued a buy rating and a $90.00 target price for the company. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $90.00.

Earnings History and Estimates for Westinghouse Air Brake Technologies Corp. (NYSE:WAB)

Shares of Westinghouse Air Brake Technologies Corp. (NYSE:WAB) opened at 84.67 on Thursday. The company has a market cap of $7.54 billion, a P/E ratio of 21.31 and a beta of 1.09. Westinghouse Air Brake Technologies Corp. has a 12 month low of $60.28 and a 12 month high of $88.47. The firm has a 50-day moving average price of $81.71 and a 200 day moving average price of $76.25.

Westinghouse Air Brake Technologies Corp. (NYSE:WAB) last released its earnings results on Tuesday, October 25th. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by $0.05. Westinghouse Air Brake Technologies Corp. had a return on equity of 22.43% and a net margin of 12.28%. The business had revenue of $676 million for the quarter, compared to analysts’ expectations of $720.85 million. During the same quarter in the prior year, the business posted $1.04 EPS. The business’s revenue for the quarter was down 16.5% compared to the same quarter last year. Equities analysts predict that Westinghouse Air Brake Technologies Corp. will post $4.03 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 28th. Investors of record on Monday, November 14th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Wednesday, November 9th. Westinghouse Air Brake Technologies Corp.’s dividend payout ratio is currently 10.05%.

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A hedge fund recently raised its stake in Westinghouse Air Brake Technologies Corp. stock. Champlain Investment Partners LLC raised its stake in Westinghouse Air Brake Technologies Corp. (NYSE:WAB) by 31.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 334,160 shares of the company’s stock after buying an additional 79,895 shares during the period. Champlain Investment Partners LLC owned 0.37% of Westinghouse Air Brake Technologies Corp. worth $23,468,000 at the end of the most recent reporting period.

About Westinghouse Air Brake Technologies Corp.

Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, is a provider of technology-based equipment and services for the global rail industry. The Company primarily serves the freight rail and passenger transit industries. The Company provides its products and services through two principal business segments: the Freight Segment and the Transit Segment.

5 Day Chart for NYSE:WAB

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