Westinghouse Air Brake Technologies Corporation (NYSE:WAB) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $3.45-3.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.53. The company issued revenue guidance of $3.8 billion, compared to the consensus revenue estimate of $3.84 billion.

Several research firms recently weighed in on WAB. Stifel Nicolaus cut shares of Westinghouse Air Brake Technologies Corporation from a buy rating to a hold rating and set a $92.00 price objective for the company. in a research report on Monday, July 17th. They noted that the move was a valuation call. BidaskClub raised shares of Westinghouse Air Brake Technologies Corporation from a buy rating to a strong-buy rating in a research report on Wednesday, July 5th. Deutsche Bank AG cut shares of Westinghouse Air Brake Technologies Corporation from a buy rating to a hold rating and set a $90.00 price objective for the company. in a research report on Thursday, July 13th. Zacks Investment Research raised shares of Westinghouse Air Brake Technologies Corporation from a sell rating to a buy rating and set a $84.00 price objective for the company in a research report on Wednesday, October 18th. Finally, Edward Jones cut shares of Westinghouse Air Brake Technologies Corporation from a buy rating to a hold rating in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $88.50.

Westinghouse Air Brake Technologies Corporation (WAB) opened at 76.39 on Tuesday. The firm’s 50-day moving average price is $74.45 and its 200 day moving average price is $79.71. The firm has a market cap of $7.33 billion, a P/E ratio of 26.88 and a beta of 1.06. Westinghouse Air Brake Technologies Corporation has a 52 week low of $69.20 and a 52 week high of $93.81.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last released its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.14). The firm had revenue of $932.25 million for the quarter, compared to analysts’ expectations of $1 billion. Westinghouse Air Brake Technologies Corporation had a return on equity of 13.07% and a net margin of 8.10%. The company’s revenue for the quarter was up 28.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 earnings per share. Equities analysts forecast that Westinghouse Air Brake Technologies Corporation will post $3.53 earnings per share for the current fiscal year.

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Westinghouse Air Brake Technologies Corporation 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.

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

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