EPS for Westinghouse Air Brake Technologies Corp (WAB) Expected At $0.94

July 19, 2017 - By Vivian Park

 EPS for Westinghouse Air Brake Technologies Corp (WAB) Expected At $0.94
Investors sentiment increased to 0.96 in 2016 Q4. Its up 0.13, from 0.83 in 2016Q3. It increased, as 40 investors sold Westinghouse Air Brake Technologies Corp shares while 153 reduced holdings. 52 funds opened positions while 133 raised stakes. 91.74 million shares or 1.14% less from 92.80 million shares in 2016Q3 were reported.
Seaward Mngmt L P holds 0.01% or 2,600 shares. Capital Counsel Limited Liability Co stated it has 818,778 shares or 7.03% of all its holdings. Raymond James Fincl Inc reported 0.01% stake. Loring Wolcott And Coolidge Fiduciary Advsrs Limited Liability Partnership Ma has 0.22% invested in Westinghouse Air Brake Technologies Corp (NYSE:WAB) for 117,574 shares. Asset invested 0.02% of its portfolio in Westinghouse Air Brake Technologies Corp (NYSE:WAB). Hall Laurie J Trustee invested in 1,550 shares. 2,300 were accumulated by Daiwa Secs Gp Inc. Friedberg Inv has 68,160 shares. First Mercantile Tru holds 1,365 shares. Select Equity Grp Inc Limited Partnership, New York-based fund reported 2.30 million shares. Bancorporation Of America De accumulated 364,255 shares or 0.01% of the stock. Pacific Global Inv Management owns 0.2% invested in Westinghouse Air Brake Technologies Corp (NYSE:WAB) for 12,142 shares. Kbc Gru Nv invested 0.01% of its portfolio in Westinghouse Air Brake Technologies Corp (NYSE:WAB). 116,767 were reported by Capital Advisers Ltd Com. 275,405 are owned by Mountain Pacific Invest Advisers Id.

Since February 27, 2017, it had 0 insider purchases, and 6 sales for $3.39 million activity. On Tuesday, February 28 the insider WAHLSTROM SCOTT sold $1.45M. Betler Raymond T sold 5,225 shares worth $425,380. Hehir Brian also sold $178,967 worth of Westinghouse Air Brake Technologies Corp (NYSE:WAB) on Monday, May 15. Another trade for 5,000 shares valued at $404,655 was made by DUGAN PATRICK D on Tuesday, February 28. On Tuesday, February 28 Cox R Mark sold $802,847 worth of Westinghouse Air Brake Technologies Corp (NYSE:WAB) or 10,000 shares.

Wall Street await Westinghouse Air Brake Technologies Corp (NYSE:WAB) to release earnings on July, 25 before the open. Analysts forecast EPS of $0.94, down exactly $0.11 or 10.48 % from 2014’s $1.05 EPS. The expected WAB’s profit could reach $90.46 million giving the stock 23.99 P/E in the case that $0.94 earnings per share is reported. After posting $0.84 EPS for the previous quarter, Westinghouse Air Brake Technologies Corp’s analysts now forecast 11.90 % EPS growth. The stock increased 0.71% or $0.64 during the last trading session, reaching $90.2. About 507,434 shares traded. Westinghouse Air Brake Technologies Corp (NYSE:WAB) has risen 7.39% since July 20, 2016 and is uptrending. It has underperformed by 9.31% the S&P500.

Westinghouse Air Brake Technologies Corp (NYSE:WAB) Ratings Coverage

Among 9 analysts covering Wabtec (NYSE:WAB), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Wabtec had 15 analyst reports since December 21, 2015 according to SRatingsIntel. Wolfe Research maintained Westinghouse Air Brake Technologies Corp (NYSE:WAB) on Wednesday, October 26 with “Outperform” rating. Deutsche Bank downgraded the shares of WAB in report on Thursday, July 13 to “Hold” rating. On Wednesday, September 7 the stock rating was initiated by Deutsche Bank with “Buy”. The firm has “Buy” rating given on Friday, September 30 by CLSA. As per Wednesday, June 21, the company rating was initiated by Longbow. The stock of Westinghouse Air Brake Technologies Corp (NYSE:WAB) earned “Buy” rating by Stifel Nicolaus on Monday, December 21. The company was upgraded on Wednesday, April 26 by KeyBanc Capital Markets. The company was downgraded on Thursday, February 4 by Goldman Sachs. KeyCorp upgraded the stock to “Overweight” rating in Wednesday, April 26 report. The firm earned “Buy” rating on Wednesday, February 22 by Stifel Nicolaus.

Westinghouse Air Brake Technologies Corporation , doing business as Wabtec Corporation, is a well-known provider of technology equipment and services for the global freight and transit rail industries. The company has market cap of $8.68 billion. The Company’s divisions include the Freight Segment and the Transit Segment. It has a 29.08 P/E ratio. The Freight Segment primarily makes and services components for new and existing freight cars and locomotives, manufactures 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.

More notable recent Westinghouse Air Brake Technologies Corp (NYSE:WAB) news were published by: Fool.com which released: “Acquisitions Drive Westinghouse Air Brake Technologies Corp’s Revenue Higher” on April 25, 2017, also Fool.com with their article: “Did Westinghouse Air Brake Technologies Corp.’s Headwinds Abate This Quarter?” published on July 22, 2016, Seekingalpha.com published: “Westinghouse Air Brake Technologies (WAB) Q3 2016 Results – Earnings Call …” on October 25, 2016. More interesting news about Westinghouse Air Brake Technologies Corp (NYSE:WAB) were released by: Moodys.com and their article: “Moody’s assigns Baa3 rating to Wabtec’s new senior unsecured notes” published on October 31, 2016 as well as Reuters.com‘s news article titled: “Westinghouse Air Brake shares could rise 20 pct in a year -Barron’s” with publication date: April 17, 2017.

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