About Westinghouse Air Brake Technologies (NYSE:WAB)
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. The Transit Segment primarily manufactures and services components for new and existing passenger transit vehicles, typically regional trains, high speed trains, subway cars, light-rail vehicles and buses, builds new commuter locomotives, refurbishes subway cars, provides heating, ventilation, and air conditioning equipment, and doors for buses and subways.
Industry, Sector and Symbol
Sub-IndustryConstruction & Farm Machinery & Heavy Trucks
Trailing P/E Ratio29.6813186813187
Forward P/E Ratio21.16
Sales & Book Value
Annual Sales$3.88 billion
Price / Sales2.01
Cash Flow$4.44 per share
Price / Cash18.24
Book Value$29.46 per share
Price / Book2.75
Net Income$262.26 million
Return on Equity12.55%
Return on Assets5.18%
Westinghouse Air Brake Technologies (NYSE:WAB) Frequently Asked Questions
What is Westinghouse Air Brake Technologies' stock symbol?
Westinghouse Air Brake Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "WAB."
How often does Westinghouse Air Brake Technologies pay dividends? What is the dividend yield for Westinghouse Air Brake Technologies?
Westinghouse Air Brake Technologies announced a quarterly dividend on Monday, January 29th. Shareholders of record on Friday, February 9th will be paid a dividend of $0.12 per share on Friday, February 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Thursday, February 8th. View Westinghouse Air Brake Technologies' Dividend History.
How were Westinghouse Air Brake Technologies' earnings last quarter?
Westinghouse Air Brake Technologies Corp (NYSE:WAB) issued its quarterly earnings results on Tuesday, February, 20th. The transportation company reported $0.90 EPS for the quarter, hitting the Zacks' consensus estimate of $0.90. The transportation company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. Westinghouse Air Brake Technologies had a return on equity of 12.55% and a net margin of 6.76%. The company's revenue for the quarter was up 41.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.81 EPS. View Westinghouse Air Brake Technologies' Earnings History.
When will Westinghouse Air Brake Technologies make its next earnings announcement?
What guidance has Westinghouse Air Brake Technologies issued on next quarter's earnings?
Westinghouse Air Brake Technologies updated its FY18 earnings guidance on Tuesday, February, 20th. The company provided earnings per share guidance of approx $3.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.95. The company issued revenue guidance of approx $4.1 billion, compared to the consensus revenue estimate of $4.07 billion.
Where is Westinghouse Air Brake Technologies' stock going? Where will Westinghouse Air Brake Technologies' stock price be in 2018?
13 brokers have issued 12 month target prices for Westinghouse Air Brake Technologies' shares. Their forecasts range from $75.00 to $100.00. On average, they anticipate Westinghouse Air Brake Technologies' stock price to reach $87.82 in the next year. View Analyst Ratings for Westinghouse Air Brake Technologies.
What are Wall Street analysts saying about Westinghouse Air Brake Technologies stock?
Here are some recent quotes from research analysts about Westinghouse Air Brake Technologies stock:
- 1. According to Zacks Investment Research, "Wabtec Corporation is one of North America's largest provider of value-added, technology-based products and services for freight rail, passenger transit and select industrial markets worldwide. Through its subsidiaries, the company manufactures a broad range of products for end markets such as locomotives, freight cars, passenger transit vehicles and power generation equipment, for both original equipment and aftermarket applications. Wabtec also builds new locomotives up to 5,400 horsepower, and provides aftermarket maintenance and services for locomotives and passenger transit vehicles. Faiveley Transport, a subsidiary of Wabtec Corporation (NYSE: WAB), has been awarded contracts by Alstom and Bombardier Transportation to supply systems for the first 71 train sets of the new generation of double deck trains for Paris. " (2/23/2018)
- 2. FBR & Co analysts commented, "Past expectations had been that the rebound in rail traffic volumes would translate into an increase in railroad maintenance capital expenditures and higher aftermarket sales. Railroad maintenance capital expenditures lag the current yr./yr. increase in rail traffic volumes and projects continued to be deferred." (10/25/2017)
Who are some of Westinghouse Air Brake Technologies' key competitors?
Some companies that are related to Westinghouse Air Brake Technologies include A.P. Moller - Maersk A/S (AMKBY), DSV (DSDVY), J B Hunt Transport Services (JBHT), C.H. Robinson Worldwide (CHRW), XPO Logistics (XPO), Old Dominion Freight Line (ODFL), Expeditors International of Washington (EXPD), Kansas City Southern (KSU), Keppel (KPELY), ALSTOM (ALSMY), Knight-Swift Transportation (KNX), ZTO Express (Cayman) (ZTO), AMERCO (UHAL), ORIENT O/SEAS INTL (OROVY), Grupo Aeroportr dl Pcfco SAB de CV (PAC), Trinity Industries (TRN), Grupo Aeroportuario dl Srst SAB CV (ASR) and Schneider National (SNDR).
Who are Westinghouse Air Brake Technologies' key executives?
Westinghouse Air Brake Technologies' management team includes the folowing people:
- Albert J. Neupaver, Executive Chairman of the Board
- Raymond T. Betler, President, Chief Executive Officer, Director
- Emilio A. Fernandez, Independent Vice Chairman of the Board
- Patrick D. Dugan, Chief Financial Officer, Executive Vice President -Finance
- John A. Mastalerz, Principal Accounting Officer, Vice President - Finance, Corporate Controller
- Stephane Rambaud-Measson, Chief Operating Officer, Executive Vice President, Director
- David L. DeNinno, Executive Vice President, General Counsel, Secretary
- Scott E. Wahlstrom, Executive Vice President - Human Resources
- R. Mark Cox, Executive Vice President - Corporate Development
- Guillaume Bouhours, Senior Vice President and Chief Financial Officer - Transit Segment
Has Westinghouse Air Brake Technologies been receiving favorable news coverage?
Press coverage about WAB stock has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Westinghouse Air Brake Technologies earned a media sentiment score of 0.06 on Accern's scale. They also assigned media headlines about the transportation company an impact score of 46.66 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
Who are Westinghouse Air Brake Technologies' major shareholders?
Westinghouse Air Brake Technologies' stock is owned by a number of of retail and institutional investors. Top institutional investors include Champlain Investment Partners LLC (1.54%), Capital Counsel LLC NY (0.87%), Beck Mack & Oliver LLC (0.69%), Frontier Capital Management Co. LLC (0.30%), Mountain Pacific Investment Advisers Inc. ID (0.24%) and Hikari Power Ltd (0.20%). Company insiders that own Westinghouse Air Brake Technologies stock include Albert J Neupaver, Brian Hehir, David L Deninno, Gruehl Friedrich, Randy Hoback and Robert J Brooks. View Institutional Ownership Trends for Westinghouse Air Brake Technologies.
Which institutional investors are selling Westinghouse Air Brake Technologies stock?
WAB stock was sold by a variety of institutional investors in the last quarter, including Metropolitan Life Insurance Co. NY, Capital Counsel LLC NY, Frontier Capital Management Co. LLC, Logan Capital Management Inc., Rhumbline Advisers, Mountain Pacific Investment Advisers Inc. ID, Xact Kapitalforvaltning AB and Aperio Group LLC. Company insiders that have sold Westinghouse Air Brake Technologies company stock in the last year include Albert J Neupaver, Brian Hehir, David L Deninno and Robert J Brooks. View Insider Buying and Selling for Westinghouse Air Brake Technologies.
Which institutional investors are buying Westinghouse Air Brake Technologies stock?
WAB stock was purchased by a variety of institutional investors in the last quarter, including Beck Mack & Oliver LLC, MetLife Investment Advisors LLC, Champlain Investment Partners LLC, SG Americas Securities LLC, Hikari Power Ltd, Emerald Advisers Inc. PA, FDx Advisors Inc. and Windward Capital Management Co. CA. Company insiders that have bought Westinghouse Air Brake Technologies stock in the last two years include Gruehl Friedrich and Randy Hoback. View Insider Buying and Selling for Westinghouse Air Brake Technologies.
How do I buy shares of Westinghouse Air Brake Technologies?
Shares of WAB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Westinghouse Air Brake Technologies' stock price today?
One share of WAB stock can currently be purchased for approximately $81.03.
How big of a company is Westinghouse Air Brake Technologies?
Westinghouse Air Brake Technologies has a market capitalization of $7.92 billion and generates $3.88 billion in revenue each year. The transportation company earns $262.26 million in net income (profit) each year or $2.73 on an earnings per share basis. Westinghouse Air Brake Technologies employs 18,000 workers across the globe.
How can I contact Westinghouse Air Brake Technologies?
Westinghouse Air Brake Technologies' mailing address is 1001 AIR BRAKE AVE, WILMERDING PA, 15148. The transportation company can be reached via phone at 412-825-1000.
MarketBeat Community Rating for Westinghouse Air Brake Technologies (WAB)
MarketBeat's community ratings are surveys of what our community members think about Westinghouse Air Brake Technologies and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
|Community Ranking: || ||2.4 out of 5 ( )|
|Outperform Votes: || ||207 (Thanks for Voting!)|
|Underperform Votes: || ||221 (Thanks for Voting!)|
|Total Votes: || ||428|
Westinghouse Air Brake Technologies (NYSE:WAB) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.46||2.45||2.36||2.30|
|Ratings Breakdown: ||0 Sell Rating(s)|
7 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
6 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
7 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
7 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$87.82||$87.11||$88.50||$89.14|
|Price Target Upside: ||8.38% upside||12.55% upside||15.34% upside||23.21% upside|
Westinghouse Air Brake Technologies (NYSE:WAB) Consensus Price Target History
Westinghouse Air Brake Technologies (NYSE:WAB) Analyst Ratings History
(Data available from 3/21/2016 forward)
Westinghouse Air Brake Technologies (NYSE:WAB) Earnings History and Estimates Chart
Westinghouse Air Brake Technologies (NYSE WAB) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/20/2018||Before Market||$0.90||$0.90||$1.06 billion||$1.08 billion||View||Listen|
|10/24/2017||Q3||$0.84||$0.88||$947.18 million||$957.93 million||View||N/A|
|7/25/2017||Q2||$0.94||$0.80||$1.00 billion||$932.25 million||View||N/A|
|4/25/2017||Q1||$0.83||$0.84||$982.67 million||$916.00 million||View||N/A|
|2/21/2017||Q4||$0.94||$0.81||$784.15 million||$760.00 million||View||Listen|
|10/25/2016||Q316||$0.99||$0.94||$720.85 million||$676.00 million||View||Listen|
|7/25/2016||Q216||$1.08||$1.05||$806.48 million||$724.00 million||View||Listen|
|4/26/2016||Q116||$1.00||$1.02||$801.20 million||$772.00 million||View||Listen|
|2/18/2016||Q415||$1.05||$1.05||$837.15 million||$832.80 million||View||Listen|
|10/22/2015||Q315||$1.04||$1.02||$846.71 million||$810.00 million||View||Listen|
|7/23/2015||Q215||$1.01||$1.04||$813.83 million||$847.00 million||View||Listen|
|4/22/2015||Q115||$0.95||$0.99||$801.80 million||$818.60 million||View||N/A|
|2/18/2015||Q414||$0.94||$0.95||$806.24 million||$821.00 million||View||N/A|
|10/28/2014||Q314||$0.89||$0.93||$750.33 million||$797.00 million||View||Listen|
|7/24/2014||Q214||$0.87||$0.91||$737.90 million||$731.00 million||View||Listen|
|4/23/2014||Q114||$0.81||$0.83||$687.42 million||$695.00 million||View||Listen|
|2/19/2014||Q413||$0.79||$0.76||$693.60 million||$681.48 million||View||Listen|
|10/24/2013||Q313||$0.76||$0.76||$653.52 million||$631.10 million||View||Listen|
|7/25/2013||Q2 2013||$0.74||$0.77||$648.81 million||$638.00 million||View||Listen|
|4/24/2013||Q1 2013||$1.40||$1.44||$638.80 million||$615.51 million||View||Listen|
|2/19/2013||Q4 2012||$1.31||$1.34||$609.87 million||$610.40 million||View||Listen|
Westinghouse Air Brake Technologies (NYSE:WAB) Earnings Estimates
2018 EPS Consensus Estimate: $3.82
2019 EPS Consensus Estimate: $4.41
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Westinghouse Air Brake Technologies (NYSE:WAB) Dividend Information
|Most Recent Dividend:||2/23/2018|
|Dividend Growth:||30.10% (3 Year Average)|
|Payout Ratio:||17.58% (Trailing 12 Months of Earnings) |
12.53% (Based on This Year's Estimates)
10.93% (Based on Next Year's Estimates)
|Track Record:||7 Years of Consecutive Dividend Growth|
Westinghouse Air Brake Technologies (NYSE:WAB) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Westinghouse Air Brake Technologies (NYSE WAB) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 11.69%
Westinghouse Air Brake Technologies (NYSE WAB) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|11/6/2017||Robert J Brooks||Director||Sell||3,500||$77.66||$271,810.00||84,221|| |
|10/30/2017||David L Deninno||VP||Sell||1,917||$76.10||$145,883.70||56,131|| |
|5/15/2017||Brian Hehir||Director||Sell||2,234||$80.11||$178,965.74||24,905|| |
|4/28/2017||Albert J Neupaver||Insider||Sell||60,000||$84.67||$5,080,200.00||659,630|| |
|2/27/2017||Brian Hehir||Director||Sell||1,500||$80.73||$121,095.00||26,804|| |
|11/10/2015||Steeg Nickolas Vande||Director||Buy||6,470||$77.38||$500,648.60||15,639|| |
|8/28/2015||Patrick D. Dugan||VP||Sell||13,530||$96.67||$1,307,945.10||42,858|| |
|8/25/2015||Raymond T Betler||CEO||Sell||4,200||$93.88||$394,296.00||137,320|| |
|8/19/2015||Charles F Kovac||SVP||Sell||11,500||$100.93||$1,160,695.00||119,459|| |
|8/17/2015||Brian Hehir||Director||Sell||1,500||$100.89||$151,335.00|| |
|5/27/2015||David M Seitz||VP||Sell||5,000||$100.79||$503,950.00|| |
|2/23/2015||Karl-Heinz Colmer||VP||Sell||7,666||$95.12||$729,189.92|| |
|11/24/2014||David M Seitz||VP||Sell||6,000||$90.87||$545,220.00|| |
|11/3/2014||Charles F Kovac||SVP||Sell||12,000||$86.84||$1,042,080.00|| |
|8/26/2014||David M Seitz||VP||Sell||4,000||$84.18||$336,720.00|| |
|8/25/2014||Robert J Brooks||Director||Sell||30,000||$84.16||$2,524,800.00|| |
|8/25/2014||Scott Wahlstrom||VP||Sell||18,000||$84.46||$1,520,280.00|| |
|8/21/2014||R Mark Cox||VP||Sell||19,875||$84.15||$1,672,481.25|| |
|5/29/2014||Michael W D Howell||Director||Sell||1,000||$77.88||$77,880.00|| |
|5/21/2014||Robert Brooks||Director||Sell||4,000||$74.62||$298,480.00||95,232|| |
|5/8/2014||Karl-Heinz Colmer||VP||Sell||5,252||$74.75||$392,587.00||25,793|| |
|2/28/2014||David Meyer||VP||Sell||7,426||$79.51||$590,441.26||14,718|| |
|2/28/2014||William Kassling||Director||Sell||24,500||$79.06||$1,936,970.00||58,907|| |
|2/27/2014||David Seitz||VP||Sell||4,400||$78.50||$345,400.00||32,607|| |
|2/27/2014||William Kassling||Director||Sell||40,500||$78.80||$3,191,400.00||58,907|| |
|2/26/2014||Albert Neupaver||Director||Sell||108,000||$78.61||$8,489,880.00||494,528|| |
|2/26/2014||Karl-Heinz Colmer||VP||Sell||12,000||$78.61||$943,320.00||28,418|| |
|2/26/2014||Raymond Betler||COO||Sell||23,966||$78.61||$1,883,967.26||111,102|| |
|2/24/2014||Brian Hehir||Director||Sell||3,000||$79.69||$239,070.00||21,562|| |
|2/24/2014||Timothy Wesley||VP||Sell||5,326||$78.15||$416,226.90||17,730|| |
|11/19/2013||Brian Hehir||Director||Sell||1,000||$67.63||$67,630.00||21,562|| |
|11/18/2013||Robert Bourg||VP||Sell||8,000||$81.70||$653,600.00||66,522|| |
|11/18/2013||Tunon Alvaro Garcia||CFO||Sell||1,824||$68.11||$124,232.64||41,270|| |
|11/15/2013||Tunon Alvaro Garcia||CFO||Sell||28,000||$66.79||$1,870,120.00||43,094|| |
|11/4/2013||Tunon Alvaro Garcia||CFO||Sell||9,340||$66.05||$616,907.00|| |
|8/29/2013||William Kassling||Director||Sell||24,000||$59.13||$1,419,120.00||58,907|| |
|8/27/2013||Lee Foster II||Director||Sell||8,000||$58.47||$467,760.00||41,026|| |
|8/26/2013||William Kassling||Director||Sell||1,000||$59.75||$59,750.00||58,907|| |
|8/23/2013||Steeg Nickolas Vande||Director||Sell||16,000||$59.46||$951,360.00||8,988|| |
|8/22/2013||William Kassling||Director||Sell||61,845||$59.56||$3,683,488.20||58,907|| |
|8/21/2013||William Kassling||Director||Sell||28,155||$58.65||$1,651,290.75||58,907|| |
|8/16/2013||William Kassling||Director||Sell||10,000||$58.15||$581,500.00||58,907|| |
|8/12/2013||Brian Hehir||Director||Sell||2,000||$58.91||$117,820.00||21,562|| |
|8/9/2013||Tunon Alvaro Garcia||CFO||Sell||79,500||$58.68||$4,665,060.00||49,094|| |
|5/31/2013||Lee B Foster II||Director||Sell||6,000||$110.94||$665,640.00|| |
|5/30/2013||David M Seitz||VP||Sell||7,000||$110.20||$771,400.00|| |
|5/30/2013||Robert J Brooks||Director||Sell||40,000||$110.25||$4,410,000.00|| |
|5/23/2013||Albert J Neupaver||Director||Sell||60,000||$109.08||$6,544,800.00|| |
|5/22/2013||Tunon Alvaro Garcia||CFO||Sell||30,000||$110.36||$3,310,800.00|| |
|5/21/2013||Tunon Alvaro Garcia||CFO||Sell||29,780||$110.26||$3,283,542.80|| |
|5/20/2013||Michael W D Howell||Director||Sell||8,000||$111.18||$889,440.00|| |
|5/17/2013||Karl-Heinz Colmer||VP||Sell||2,456||$112.13||$275,391.28|| |
Westinghouse Air Brake Technologies (NYSE WAB) News Headlines
Westinghouse Air Brake Technologies (NYSE:WAB) SEC Filings
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Westinghouse Air Brake Technologies (NYSE:WAB) Income Statement, Balance Sheet and Cash Flow Statement
Westinghouse Air Brake Technologies (NYSE WAB) Stock Chart for Wednesday, March, 21, 2018