Westinghouse Air Brake Technologies (WAB) Scheduled to Post Quarterly Earnings on Wednesday

Westinghouse Air Brake Technologies (NYSE:WAB) will be issuing its quarterly earnings data before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.48 per share for the quarter. Westinghouse Air Brake Technologies has set its FY24 guidance at $6.50-6.90 EPS and its FY 2024 guidance at 6.500-6.900 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Westinghouse Air Brake Technologies (NYSE:WAB) last announced its quarterly earnings data on Wednesday, February 14th. The transportation company reported $1.54 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.04). The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.48 billion. Westinghouse Air Brake Technologies had a net margin of 8.42% and a return on equity of 10.34%. The business’s revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $1.30 EPS. On average, analysts expect Westinghouse Air Brake Technologies to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Westinghouse Air Brake Technologies Stock Performance

Shares of Westinghouse Air Brake Technologies stock opened at $145.47 on Wednesday. The stock’s fifty day moving average is $141.75 and its two-hundred day moving average is $126.18. The company has a market capitalization of $25.72 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 1.68 and a beta of 1.40. The company has a quick ratio of 0.63, a current ratio of 1.20 and a debt-to-equity ratio of 0.31. Westinghouse Air Brake Technologies has a 52 week low of $91.89 and a 52 week high of $151.00.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were given a dividend of $0.20 per share. This is an increase from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.55%. Westinghouse Air Brake Technologies’s dividend payout ratio is presently 17.70%.

Insider Transactions at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 40,219 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $140.62, for a total value of $5,655,595.78. Following the sale, the chief executive officer now directly owns 123,019 shares of the company’s stock, valued at $17,298,931.78. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 40,219 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $140.62, for a total value of $5,655,595.78. Following the sale, the chief executive officer now directly owns 123,019 shares of the company’s stock, valued at $17,298,931.78. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Brian Hehir sold 5,470 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $135.80, for a total value of $742,826.00. Following the completion of the sale, the director now directly owns 23,065 shares in the company, valued at $3,132,227. The disclosure for this sale can be found here. Insiders sold a total of 63,964 shares of company stock worth $8,924,584 over the last three months. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. Coppell Advisory Solutions Corp. purchased a new stake in Westinghouse Air Brake Technologies in the fourth quarter valued at $30,000. Coppell Advisory Solutions LLC purchased a new stake in Westinghouse Air Brake Technologies in the second quarter valued at $33,000. Resources Management Corp CT ADV raised its position in Westinghouse Air Brake Technologies by 1,292.4% in the second quarter. Resources Management Corp CT ADV now owns 1,100 shares of the transportation company’s stock valued at $121,000 after purchasing an additional 1,021 shares during the period. Quantitative Investment Management LLC purchased a new stake in Westinghouse Air Brake Technologies in the second quarter valued at $314,000. Finally, Eudaimonia Partners LLC purchased a new stake in Westinghouse Air Brake Technologies in the first quarter valued at $366,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. TD Cowen increased their price target on Westinghouse Air Brake Technologies from $125.00 to $130.00 and gave the stock a “market perform” rating in a research report on Thursday, February 15th. Redburn Atlantic cut Westinghouse Air Brake Technologies from a “buy” rating to a “neutral” rating and set a $135.00 price objective for the company. in a research note on Thursday, February 15th. Susquehanna upped their price objective on Westinghouse Air Brake Technologies from $150.00 to $160.00 and gave the stock a “positive” rating in a research note on Thursday, February 15th. Stephens upped their price objective on Westinghouse Air Brake Technologies from $153.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Finally, Jefferies Financial Group upgraded Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating and upped their price objective for the stock from $115.00 to $150.00 in a research note on Thursday, January 11th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $146.91.

Westinghouse Air Brake Technologies Company Profile

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.