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Wabtec acquires Fulmer Company

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Westinghouse Air Brake Technologies Corp (NYSE:WAB). Last Market Price: 63.9, Change: -2.76, % Change: (-4.14%). Shares trade in the range of 63.65 – 65.65 dollars. It has a market capitalization of 3.07B dollars, making it a Mid Cap Stock and has 47.97M outstanding shares. The company has a beta of 1.37, indicating, the stock to be more volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is 3.19; P/E of 20.03 indicating, the stock to be overvalued or expected increase in company earnings. It operates in Transportation sector and belongs to Railroads industry. Percentage shares held by institutional investors is 90%. The company has a 52 week Price range (low – high) of $ 45.01 – 72.43. Average volumes of shares traded daily are 251,320. Volume traded in the last session was at 51,042, 0.20 times the average volume.

  • Wabtec acquires Fulmer Company, financial terms of the deal not disclosed. Fulmer has annual sales of about $15 mln.
  • Wabtec expects the transaction to be accretive in the first year
  • Albert J. Neupaver, Wabtec’s president and chief executive officer states: Fulmer is the preferred original equipment and aftermarket supplier of its products, and will be a strong complement to our Swiger Coil traction motor business. In addition, we expect to generate top-line synergies through Wabtec’s sales channels, especially in international markets.

For Q3 (Sep ’11), It had a Net profit margin of 9.34%, an Operating margin of 15.13%. Other Key stats and ratios are : Return on average assets of 9.31%, Return on average equity of 18.36%. The organization has an employee strength of 6,654

Consensus Recommendation is a Outperform.


Estimate for sales for the Quarter Ending Dec-11 show a mean of 487.98 million dollars, an estimate high of 509.90 million dollars and an estimate low of 452.20 million dollars. A year ago the figures stood at 429.03 million dollars.

Estimate for sales for the Quarter Ending Mar-12 show a mean of 513.23 million dollars, an estimate high of 526.90 million dollars and an estimate low of 502.52 million dollars. A year ago the figures stood at 435.15 million dollars.

Estimate for EPS for the Quarter Ending Dec-11 show a mean of 0.96 dollars, an estimate high of 1.00 dollars and an estimate low of 0.90 dollars. A year ago the figures stood at 0.76 dollars.

Estimate for EPS for the Quarter Ending Mar-12 show a mean of 1.01 dollars, an estimate high of 1.05 dollars and an estimate low of 0.98 dollars. A year ago the figures stood at 0.81 dollars.

Sales for Quarter Ending Sep-11 was estimated at 457.12 million dollars, however the actual sales figure stood at 498.84 million dollars, 41.72 million dollars more than estimates.

Sales for Quarter Ending Jun-11 was estimated at 452.02 million dollars, however the actual sales figure stood at 478.90 million dollars, 26.88 million dollars more than estimates.

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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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