Westinghouse Air Brake Technologies Corporation (NYSE:WAB) – Analysts at KeyCorp upped their Q1 2018 earnings per share (EPS) estimates for Westinghouse Air Brake Technologies Corporation in a research report issued on Wednesday. KeyCorp analyst S. Barger now anticipates that the transportation company will post earnings per share of $1.02 for the quarter, up from their prior estimate of $0.80. KeyCorp currently has a “Buy” rating and a $100.00 target price on the stock.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) last issued its earnings results on Tuesday, October 24th. The transportation company reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.04. The firm had revenue of $957.93 million for the quarter, compared to the consensus estimate of $947.18 million. Westinghouse Air Brake Technologies Corporation had a return on equity of 11.85% and a net margin of 7.04%. The company’s revenue was up 41.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS.

TRADEMARK VIOLATION WARNING: “Westinghouse Air Brake Technologies Corporation to Post Q1 2018 Earnings of $1.02 Per Share, KeyCorp Forecasts (WAB)” was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright legislation. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/10/30/westinghouse-air-brake-technologies-corporation-to-post-q1-2018-earnings-of-1-02-per-share-keycorp-forecasts-wab.html.

WAB has been the topic of several other research reports. Stifel Nicolaus cut shares of Westinghouse Air Brake Technologies Corporation from a “buy” rating to a “hold” rating and set a $92.00 price target on the stock. in a 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 report on Wednesday, July 5th. Zacks Investment Research cut shares of Westinghouse Air Brake Technologies Corporation from a “buy” rating to a “hold” rating in a report on Friday. 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 target on the stock. in a report on Thursday, July 13th. Finally, Buckingham Research decreased their price target on shares of Westinghouse Air Brake Technologies Corporation from $100.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Westinghouse Air Brake Technologies Corporation has an average rating of “Hold” and a consensus target price of $87.75.

Shares of Westinghouse Air Brake Technologies Corporation (NYSE WAB) opened at 76.27 on Monday. The firm has a market cap of $7.32 billion, a P/E ratio of 26.84 and a beta of 1.06. The firm has a 50 day moving average price of $75.12 and a 200-day moving average price of $79.64. Westinghouse Air Brake Technologies Corporation has a one year low of $69.20 and a one year high of $93.81.

A number of large investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC grew its position in Westinghouse Air Brake Technologies Corporation by 15.7% in the second quarter. Lord Abbett & CO. LLC now owns 1,218,217 shares of the transportation company’s stock worth $111,467,000 after acquiring an additional 165,735 shares in the last quarter. Capital Counsel LLC NY grew its position in Westinghouse Air Brake Technologies Corporation by 1.6% in the second quarter. Capital Counsel LLC NY now owns 869,836 shares of the transportation company’s stock worth $79,590,000 after acquiring an additional 13,918 shares in the last quarter. Williams Jones & Associates LLC grew its position in Westinghouse Air Brake Technologies Corporation by 0.7% in the second quarter. Williams Jones & Associates LLC now owns 634,323 shares of the transportation company’s stock worth $58,041,000 after acquiring an additional 4,275 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in Westinghouse Air Brake Technologies Corporation by 64.4% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 623,437 shares of the transportation company’s stock worth $57,044,000 after acquiring an additional 244,119 shares in the last quarter. Finally, Beck Mack & Oliver LLC grew its position in Westinghouse Air Brake Technologies Corporation by 75.8% in the third quarter. Beck Mack & Oliver LLC now owns 596,459 shares of the transportation company’s stock worth $45,182,000 after acquiring an additional 257,150 shares in the last quarter.

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)

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.