Westinghouse Air Brake Technologies (NYSE:WAB – Get Rating) is scheduled to release its earnings data before the market opens on Wednesday, April 27th. Analysts expect Westinghouse Air Brake Technologies to post earnings of $1.12 per share for the quarter. Westinghouse Air Brake Technologies has set its FY 2022 guidance at $4.650-$5.050 EPS and its FY22 guidance at $4.65-$5.05 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.
Westinghouse Air Brake Technologies (NYSE:WAB – Get Rating) last posted its quarterly earnings data 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. Westinghouse Air Brake Technologies had a return on equity of 7.85% and a net margin of 7.13%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the company earned $0.98 EPS. The company’s revenue was up 2.4% on a year-over-year basis. On average, analysts expect Westinghouse Air Brake Technologies to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Westinghouse Air Brake Technologies stock opened at $90.95 on Wednesday. The stock’s fifty day moving average price is $92.73 and its two-hundred day moving average price is $92.12. Westinghouse Air Brake Technologies has a one year low of $76.30 and a one year high of $100.04. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.32 and a quick ratio of 0.74. The firm has a market cap of $16.76 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 1.65 and a beta of 1.58.
In other Westinghouse Air Brake Technologies news, VP David L. Deninno sold 5,000 shares of Westinghouse Air Brake Technologies stock in a transaction dated Friday, February 18th. The stock was sold at an average price of $95.36, for a total transaction of $476,800.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Albert J. Neupaver sold 55,877 shares of Westinghouse Air Brake Technologies stock in a transaction dated Tuesday, February 22nd. The stock was sold at an average price of $96.80, for a total value of $5,408,893.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,889 shares of company stock worth $6,363,538. 4.39% of the stock is currently owned by company insiders.
An institutional investor recently raised its position in Westinghouse Air Brake Technologies stock. Metropolitan Life Insurance Co NY boosted its stake in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB – Get Rating) by 14.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,201 shares of the transportation company’s stock after buying an additional 2,730 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Westinghouse Air Brake Technologies were worth $1,953,000 as of its most recent SEC filing. 90.09% of the stock is currently owned by institutional investors.
WAB has been the topic of a number of research analyst reports. Stephens raised their target price on Westinghouse Air Brake Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, February 17th. Wolfe Research downgraded 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 report on Thursday, January 6th. Wells Fargo & Company raised their target price on Westinghouse Air Brake Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, January 10th. Finally, StockNews.com raised Westinghouse Air Brake Technologies from a “hold” rating to a “buy” rating in a report on Friday, April 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $99.86.
About Westinghouse Air Brake Technologies (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.
- Get a free copy of the StockNews.com research report on Westinghouse Air Brake Technologies (WAB)
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