Equities analysts expect Westinghouse Air Brake Technologies Corp (NYSE:WAB) to announce earnings of $1.02 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Westinghouse Air Brake Technologies’ earnings, with the lowest EPS estimate coming in at $0.98 and the highest estimate coming in at $1.04. Westinghouse Air Brake Technologies posted earnings of $0.95 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.4%. The business is expected to issue its next quarterly earnings results on Tuesday, October 29th.

According to Zacks, analysts expect that Westinghouse Air Brake Technologies will report full-year earnings of $4.17 per share for the current year, with EPS estimates ranging from $4.10 to $4.29. For the next fiscal year, analysts forecast that the firm will post earnings of $4.74 per share, with EPS estimates ranging from $4.30 to $5.20. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Westinghouse Air Brake Technologies.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its earnings results on Tuesday, July 30th. The transportation company reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.08. Westinghouse Air Brake Technologies had a return on equity of 8.34% and a net margin of 3.68%. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the previous year, the firm earned $0.96 EPS. The company’s quarterly revenue was up 101.2% compared to the same quarter last year.

Several brokerages recently commented on WAB. Morgan Stanley began coverage on shares of Westinghouse Air Brake Technologies in a research note on Tuesday. They set an “equal weight” rating and a $73.00 price objective for the company. Cowen reiterated a “buy” rating and issued a $92.00 target price on shares of Westinghouse Air Brake Technologies in a research note on Tuesday, July 30th. Goldman Sachs Group upgraded shares of Westinghouse Air Brake Technologies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $84.00 to $89.00 in a research note on Wednesday, August 7th. Citigroup set a $84.00 price target on shares of Westinghouse Air Brake Technologies and gave the company a “hold” rating in a report on Wednesday, July 31st. Finally, ValuEngine upgraded shares of Westinghouse Air Brake Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Westinghouse Air Brake Technologies presently has an average rating of “Hold” and a consensus target price of $86.30.

In related news, major shareholder Electric Co General sold 16,969,692 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $70.33, for a total value of $1,193,478,438.36. Following the transaction, the insider now directly owns 2,048,515 shares in the company, valued at $144,072,059.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.56% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Capital Bank & Trust Co raised its position in shares of Westinghouse Air Brake Technologies by 14.5% during the 2nd quarter. Capital Bank & Trust Co now owns 956,722 shares of the transportation company’s stock valued at $68,548,000 after buying an additional 121,236 shares in the last quarter. Williams Jones & Associates LLC raised its position in Westinghouse Air Brake Technologies by 36.9% during the first quarter. Williams Jones & Associates LLC now owns 721,867 shares of the transportation company’s stock valued at $53,216,000 after purchasing an additional 194,724 shares in the last quarter. Santori & Peters Inc. raised its position in Westinghouse Air Brake Technologies by 1.7% during the second quarter. Santori & Peters Inc. now owns 603,772 shares of the transportation company’s stock valued at $43,326,000 after purchasing an additional 10,001 shares in the last quarter. United Capital Financial Advisers LLC lifted its stake in Westinghouse Air Brake Technologies by 35.6% during the second quarter. United Capital Financial Advisers LLC now owns 197,199 shares of the transportation company’s stock worth $14,151,000 after purchasing an additional 51,814 shares during the last quarter. Finally, Commonwealth Bank of Australia lifted its stake in Westinghouse Air Brake Technologies by 13.0% during the first quarter. Commonwealth Bank of Australia now owns 79,597 shares of the transportation company’s stock worth $5,856,000 after purchasing an additional 9,136 shares during the last quarter. Institutional investors and hedge funds own 92.47% of the company’s stock.

Shares of Westinghouse Air Brake Technologies stock traded up $2.21 on Friday, reaching $74.46. The stock had a trading volume of 1,788,293 shares, compared to its average volume of 2,155,902. The business’s 50 day moving average is $69.63 and its two-hundred day moving average is $70.95. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. Westinghouse Air Brake Technologies has a 1 year low of $61.00 and a 1 year high of $114.07. The company has a market cap of $13.59 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 1.35 and a beta of 1.44.

About Westinghouse Air Brake Technologies

Wabtec Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. The company's Freight segment 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.

Further Reading: What causes a stock to be most active?

Get a free copy of the Zacks research report on Westinghouse Air Brake Technologies (WAB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Westinghouse Air Brake Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westinghouse Air Brake Technologies and related companies with MarketBeat.com's FREE daily email newsletter.