Equities Analysts Offer Predictions for WAB FY2024 Earnings

Westinghouse Air Brake Technologies Co. (NYSE:WAB) – Equities research analysts at Zacks Research lifted their FY2024 earnings per share (EPS) estimates for Westinghouse Air Brake Technologies in a report released on Monday, November 11th. Zacks Research analyst M. Basu now forecasts that the transportation company will earn $7.60 per share for the year, up from their prior forecast of $7.48. The consensus estimate for Westinghouse Air Brake Technologies’ current full-year earnings is $7.58 per share. Zacks Research also issued estimates for Westinghouse Air Brake Technologies’ Q4 2024 earnings at $1.75 EPS, Q1 2025 earnings at $1.79 EPS, Q2 2025 earnings at $1.91 EPS, Q3 2025 earnings at $2.22 EPS, FY2025 earnings at $8.33 EPS, Q2 2026 earnings at $2.35 EPS and FY2026 earnings at $9.30 EPS.

A number of other equities research analysts have also recently issued reports on WAB. Bank of America upped their price objective on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. The Goldman Sachs Group upped their price target on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Susquehanna lifted their price objective on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a “positive” rating in a report on Monday, October 21st. Finally, Stephens increased their target price on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.80.

Westinghouse Air Brake Technologies Stock Up 0.2 %

Shares of WAB opened at $201.17 on Tuesday. The firm has a market cap of $34.58 billion, a P/E ratio of 33.53, a P/E/G ratio of 1.56 and a beta of 1.27. Westinghouse Air Brake Technologies has a 1 year low of $111.93 and a 1 year high of $202.84. The stock has a 50 day simple moving average of $182.20 and a two-hundred day simple moving average of $169.52. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.65.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.13. The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.68 billion. Westinghouse Air Brake Technologies had a return on equity of 12.52% and a net margin of 10.25%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.70 EPS.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

Several hedge funds have recently made changes to their positions in the company. Rhumbline Advisers boosted its holdings in shares of Westinghouse Air Brake Technologies by 2.1% during the 2nd quarter. Rhumbline Advisers now owns 335,483 shares of the transportation company’s stock valued at $53,023,000 after buying an additional 7,012 shares in the last quarter. Border to Coast Pensions Partnership Ltd lifted its position in Westinghouse Air Brake Technologies by 4.5% during the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 201,011 shares of the transportation company’s stock valued at $36,431,000 after acquiring an additional 8,575 shares during the period. Forsta AP Fonden boosted its stake in Westinghouse Air Brake Technologies by 4.3% during the third quarter. Forsta AP Fonden now owns 50,600 shares of the transportation company’s stock worth $9,198,000 after acquiring an additional 2,100 shares in the last quarter. DNB Asset Management AS grew its holdings in Westinghouse Air Brake Technologies by 3.9% in the second quarter. DNB Asset Management AS now owns 46,343 shares of the transportation company’s stock worth $7,325,000 after purchasing an additional 1,729 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Westinghouse Air Brake Technologies during the third quarter valued at approximately $7,128,000. 91.69% of the stock is currently owned by institutional investors.

Insider Transactions at Westinghouse Air Brake Technologies

In related news, VP David L. Deninno sold 875 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $188.70, for a total transaction of $165,112.50. Following the completion of the transaction, the vice president now owns 55,352 shares in the company, valued at $10,444,922.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Westinghouse Air Brake Technologies news, Director Albert J. Neupaver sold 35,722 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $188.70, for a total transaction of $6,740,741.40. Following the sale, the director now directly owns 614,447 shares of the company’s stock, valued at approximately $115,946,148.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP David L. Deninno sold 875 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $188.70, for a total value of $165,112.50. Following the completion of the transaction, the vice president now directly owns 55,352 shares of the company’s stock, valued at $10,444,922.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,984 shares of company stock worth $11,200,586. 1.10% of the stock is currently owned by insiders.

Westinghouse Air Brake Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Wednesday, November 13th. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is currently 13.33%.

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.