Wabi Exploration (WAB) Receives Media Sentiment Rating of 0.07
News coverage about Wabi Exploration (NYSE:WAB) has trended somewhat positive on Sunday, Accern reports. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wabi Exploration earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.4551966996501 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’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)
A number of research analysts have recently commented on WAB shares. Berenberg Bank started coverage on Wabi Exploration in a report on Thursday, September 7th. They set a “hold” rating and a $81.00 price target for the company. Stifel Nicolaus reiterated a “hold” rating and set a $74.00 price target on shares of Wabi Exploration in a report on Tuesday, September 12th. Zacks Investment Research upgraded Wabi Exploration from a “sell” rating to a “buy” rating and set a $84.00 price target for the company in a report on Wednesday, October 18th. KeyCorp reiterated a “buy” rating and set a $100.00 price target on shares of Wabi Exploration in a report on Sunday, September 17th. Finally, BidaskClub lowered Wabi Exploration from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of C$87.75.
Wabi Exploration (NYSE:WAB) last issued its earnings results on Tuesday, October 24th. The company reported C$0.88 EPS for the quarter, beating analysts’ consensus estimates of C$0.84 by C$0.04. The business had revenue of C$957.93 million during the quarter, compared to analyst estimates of C$947.18 million. Wabi Exploration had a return on equity of 11.75% and a net margin of 7.74%. Wabi Exploration’s revenue was up 41.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.63%.
In related news, Director Robert J. Brooks sold 3,500 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of C$77.66, for a total value of C$271,810.00. Following the completion of the transaction, the director now directly owns 84,221 shares in the company, valued at C$6,540,602.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David L. Deninno sold 1,917 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of C$76.10, for a total value of C$145,883.70. Following the completion of the transaction, the vice president now owns 56,131 shares of the company’s stock, 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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