Westinghouse Air Brake Technologies Co. (NYSE:WAB) to Post Q1 2022 Earnings of $1.29 Per Share, William Blair Forecasts

Westinghouse Air Brake Technologies Co. (NYSE:WABGet Rating) – William Blair raised their Q1 2022 earnings estimates for shares of Westinghouse Air Brake Technologies in a report issued on Tuesday, April 12th. William Blair analyst N. Heymann now anticipates that the transportation company will earn $1.29 per share for the quarter, up from their prior forecast of $1.10. William Blair also issued estimates for Westinghouse Air Brake Technologies’ Q2 2022 earnings at $1.31 EPS and Q4 2022 earnings at $1.24 EPS.

Several other research firms have also recently issued reports on WAB. Wells Fargo & Company boosted their target price on Westinghouse Air Brake Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, January 10th. Stephens boosted their target price on Westinghouse Air Brake Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, February 17th. Wolfe Research cut Westinghouse Air Brake Technologies from a “market perform” rating to an “underperform” rating and set a $92.00 target price on the stock. in a research note on Thursday, January 6th. Finally, StockNews.com initiated coverage on Westinghouse Air Brake Technologies in a research note on Thursday, March 31st. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Westinghouse Air Brake Technologies has a consensus rating of “Hold” and a consensus price target of $99.86.

Shares of Westinghouse Air Brake Technologies stock opened at $88.56 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.32 and a quick ratio of 0.74. Westinghouse Air Brake Technologies has a one year low of $76.30 and a one year high of $100.04. The stock has a market capitalization of $16.32 billion, a P/E ratio of 29.92, a price-to-earnings-growth ratio of 1.65 and a beta of 1.58. The business’s 50 day simple moving average is $92.74 and its two-hundred day simple moving average is $92.08.

Westinghouse Air Brake Technologies (NYSE:WABGet Rating) last announced its quarterly earnings results on Wednesday, February 16th. The transportation company reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.01. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Westinghouse Air Brake Technologies had a return on equity of 7.85% and a net margin of 7.13%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS.

The company also recently declared a quarterly dividend, which was paid on Monday, February 28th. Investors of record on Friday, February 25th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 24th. This is a positive change from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 0.68%. Westinghouse Air Brake Technologies’s payout ratio is currently 20.27%.

In other Westinghouse Air Brake Technologies news, CAO John A. Mastalerz, Jr. sold 5,012 shares of the business’s stock in a transaction on Friday, February 18th. The stock was sold at an average price of $95.34, for a total value of $477,844.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP David L. Deninno sold 5,000 shares of the business’s stock in a transaction on Friday, February 18th. The stock was sold at an average price of $95.36, for a total value of $476,800.00. The disclosure for this sale can be found here. Insiders have sold 65,889 shares of company stock worth $6,363,538 over the last 90 days. 4.39% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. RPG Investment Advisory LLC boosted its holdings in Westinghouse Air Brake Technologies by 0.7% in the fourth quarter. RPG Investment Advisory LLC now owns 87,869 shares of the transportation company’s stock worth $8,094,000 after acquiring an additional 609 shares in the last quarter. Systematic Alpha Investments LLC bought a new position in shares of Westinghouse Air Brake Technologies during the third quarter valued at $88,000. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of Westinghouse Air Brake Technologies by 8.3% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,682 shares of the transportation company’s stock valued at $404,000 after purchasing an additional 358 shares in the last quarter. WASHINGTON TRUST Co lifted its holdings in shares of Westinghouse Air Brake Technologies by 4.3% during the third quarter. WASHINGTON TRUST Co now owns 138,519 shares of the transportation company’s stock valued at $11,942,000 after purchasing an additional 5,753 shares in the last quarter. Finally, Thompson Investment Management Inc. lifted its holdings in shares of Westinghouse Air Brake Technologies by 1.1% during the fourth quarter. Thompson Investment Management Inc. now owns 57,950 shares of the transportation company’s stock valued at $5,338,000 after purchasing an additional 616 shares in the last quarter. 90.09% of the stock is currently owned by institutional investors and hedge funds.

Westinghouse Air Brake Technologies Company Profile (Get Rating)

Westinghouse Air Brake Technologies Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit industries worldwide. It operates through two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing freight cars and locomotives; builds new commuter locomotives; rebuilds freight locomotives; supplies railway electronics, positive train control equipment, signal design, and engineering services; and provides related heat exchange and cooling systems.

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Earnings History and Estimates for Westinghouse Air Brake Technologies (NYSE:WAB)

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