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

Westinghouse Air Brake Technologies (NYSE:WAB) is scheduled to post its quarterly earnings results before the market opens on Wednesday, October 23rd. Analysts expect Westinghouse Air Brake Technologies to post earnings of $1.86 per share for the quarter. Westinghouse Air Brake Technologies has set its FY 2024 guidance at 7.200-7.500 EPS and its FY24 guidance at $7.20-7.50 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 issued its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.88 by $0.08. Westinghouse Air Brake Technologies had a net margin of 9.94% and a return on equity of 12.05%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the prior year, the business posted $1.41 earnings per share. Westinghouse Air Brake Technologies’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, analysts expect Westinghouse Air Brake Technologies to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Westinghouse Air Brake Technologies Stock Performance

Shares of WAB stock opened at $189.97 on Tuesday. Westinghouse Air Brake Technologies has a one year low of $98.70 and a one year high of $192.48. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.73 and a current ratio of 1.38. The company has a 50 day moving average price of $172.75 and a 200 day moving average price of $164.65. The firm has a market capitalization of $33.28 billion, a price-to-earnings ratio of 33.42, a price-to-earnings-growth ratio of 1.59 and a beta of 1.27.

Westinghouse Air Brake Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Wednesday, November 13th. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is 14.04%.

Insider Activity at Westinghouse Air Brake Technologies

In related news, EVP Nicole B. Theophilus sold 4,801 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $154.64, for a total transaction of $742,426.64. Following the completion of the sale, the executive vice president now directly owns 15,608 shares of the company’s stock, valued at approximately $2,413,621.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Westinghouse Air Brake Technologies news, insider Alicia Hammersmith sold 4,169 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $165.54, for a total transaction of $690,136.26. Following the transaction, the insider now directly owns 5,606 shares in the company, valued at $928,017.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Nicole B. Theophilus sold 4,801 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $154.64, for a total transaction of $742,426.64. Following the transaction, the executive vice president now owns 15,608 shares in the company, valued at $2,413,621.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 17,392 shares of company stock valued at $2,754,390. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Susquehanna increased their price objective on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a “positive” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $166.90.

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.