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

Westinghouse Air Brake Technologies (NYSE:WAB) is expected to be releasing its earnings data before the market opens on Wednesday, April 23rd. Analysts expect Westinghouse Air Brake Technologies to post earnings of $2.01 per share and revenue of $2.61 billion for the quarter. Westinghouse Air Brake Technologies has set its FY 2025 guidance at 8.350-8.750 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings data on Wednesday, February 12th. The transportation company reported $1.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.06). Westinghouse Air Brake Technologies had a return on equity of 12.78% and a net margin of 10.17%. On average, analysts expect Westinghouse Air Brake Technologies to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Westinghouse Air Brake Technologies Stock Performance

Shares of WAB stock opened at $171.05 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.69. Westinghouse Air Brake Technologies has a one year low of $143.22 and a one year high of $210.88. The business’s 50 day simple moving average is $179.68 and its 200 day simple moving average is $190.57. The stock has a market capitalization of $29.24 billion, a PE ratio of 28.37, a PEG ratio of 1.50 and a beta of 1.14.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a $0.25 dividend. This is a positive change from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Friday, February 21st. Westinghouse Air Brake Technologies’s dividend payout ratio is currently 16.58%.

Analyst Ratings Changes

WAB has been the topic of several recent analyst reports. StockNews.com lowered shares of Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Stephens restated an “overweight” rating and set a $220.00 target price on shares of Westinghouse Air Brake Technologies in a research report on Thursday, February 13th. JPMorgan Chase & Co. initiated coverage on Westinghouse Air Brake Technologies in a report on Thursday, April 10th. They issued a “neutral” rating and a $175.00 target price for the company. Finally, Bank of America increased their price target on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $201.86.

Insider Transactions at Westinghouse Air Brake Technologies

In other news, CEO Rafael Santana sold 886 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $182.34, for a total transaction of $161,553.24. Following the completion of the sale, the chief executive officer now directly owns 176,295 shares of the company’s stock, valued at $32,145,630.30. The trade was a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is owned by insiders.

About Westinghouse Air Brake Technologies

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.