Westinghouse Air Brake Technologies (WAB) Expected to Announce Earnings on Wednesday

Westinghouse Air Brake Technologies (NYSE:WAB) is projected to release 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.Parties that wish to listen to the company’s conference call can do so using this link.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings results on Wednesday, February 12th. The transportation company reported $1.68 EPS for the quarter, missing the consensus estimate 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 Price Performance

WAB opened at $172.53 on Wednesday. The firm has a market capitalization of $29.50 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14. The business’s 50-day moving average is $181.91 and its two-hundred day moving average is $190.73. Westinghouse Air Brake Technologies has a 1 year low of $143.22 and a 1 year high of $210.88. 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 Increases Dividend

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

Insider Transactions at Westinghouse Air Brake Technologies

In related news, CEO Rafael Santana sold 886 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $185.07, for a total transaction of $163,972.02. Following the sale, the chief executive officer now directly owns 201,558 shares of the company’s stock, valued at $37,302,339.06. This trade represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

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

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.