Westinghouse Air Brake Technologies Corporation (NYSE:WAB) released its earnings results on Tuesday. The transportation company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.04, Briefing.com reports. The firm had revenue of $957.93 million during the quarter, compared to analyst estimates of $947.18 million. Westinghouse Air Brake Technologies Corporation had a net margin of 8.10% and a return on equity of 13.07%. The firm’s revenue for the quarter was up 41.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 earnings per share. Westinghouse Air Brake Technologies Corporation updated its FY17 guidance to $3.45-3.50 EPS.

Shares of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) traded up 7.07% during midday trading on Tuesday, reaching $81.79. 1,991,497 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $74.45 and a 200-day moving average of $79.71. The company has a market capitalization of $7.85 billion, a PE ratio of 28.78 and a beta of 1.06. Westinghouse Air Brake Technologies Corporation has a 1-year low of $69.20 and a 1-year high of $93.81.

Several research firms have recently commented on WAB. Zacks Investment Research upgraded shares of Westinghouse Air Brake Technologies Corporation from a “sell” rating to a “buy” rating and set a $84.00 price target for the company in a research report on Wednesday, October 18th. KeyCorp restated a “buy” rating and set a $100.00 price target on shares of Westinghouse Air Brake Technologies Corporation in a research report on Sunday, September 17th. Stifel Nicolaus restated a “hold” rating and set a $74.00 price target on shares of Westinghouse Air Brake Technologies Corporation in a research report on Tuesday, September 12th. Berenberg Bank began coverage on shares of Westinghouse Air Brake Technologies Corporation in a research report on Thursday, September 7th. They set a “hold” rating and a $81.00 price target for the company. Finally, BidaskClub lowered shares of Westinghouse Air Brake Technologies Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $88.50.

TRADEMARK VIOLATION NOTICE: This news story was published by American Banking News and is the property of of American Banking News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/24/westinghouse-air-brake-technologies-corporation-wab-issues-quarterly-earnings-results.html.

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 for Westinghouse Air Brake Technologies Corporation (NYSE:WAB)

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