Wabtec (WAB) Set to Announce Quarterly Earnings on Thursday
Wabtec (NYSE:WAB) is scheduled to issue its Q313 quarterly earnings data on Thursday, October 24th. Analysts expect the company to announce earnings of $0.76 per share and revenue of $653.52 million for the quarter. Wabtec has set its FY13 guidance at $2.98-3.03 EPS.Parties interested in participating in the company’s conference call can do so using this link.
Wabtec (NYSE:WAB) last released its earnings data on Thursday, July 25th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.03. The company had revenue of $638.00 million for the quarter, compared to the consensus estimate of $648.81 million. During the same quarter in the prior year, the company posted $1.33 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis.
Wabtec (NYSE:WAB) opened at 65.85 on Wednesday. Wabtec has a 1-year low of $38.56 and a 1-year high of $63.25. The stock has a 50-day moving average of $59.15 and a 200-day moving average of $54.15. The company has a market cap of $6.339 billion and a P/E ratio of 23.46.
On the ratings front, analysts at Goldman Sachs Group Inc. raised their price target on shares of Wabtec from $65.00 to $69.00 in a research note to investors on Tuesday, October 8th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $77.00.
Westinghouse Air Brake Technologies Corporation (NYSE:WAB), doing business as Wabtec Corporation, is a providers of value-added, technology-based equipment and services for the global rail industry.
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