Westinghouse Air Brake Technologies Co. Expected to Earn Q3 2024 Earnings of $1.83 Per Share (NYSE:WAB)

Westinghouse Air Brake Technologies Co. (NYSE:WAB) – Investment analysts at Zacks Research boosted their Q3 2024 EPS estimates for Westinghouse Air Brake Technologies in a research note issued to investors on Wednesday, August 14th. Zacks Research analyst M. Basu now anticipates that the transportation company will earn $1.83 per share for the quarter, up from their prior estimate of $1.77. The consensus estimate for Westinghouse Air Brake Technologies’ current full-year earnings is $7.42 per share. Zacks Research also issued estimates for Westinghouse Air Brake Technologies’ Q4 2024 earnings at $1.79 EPS, FY2024 earnings at $7.47 EPS, Q1 2025 earnings at $1.75 EPS, Q2 2025 earnings at $1.88 EPS, Q4 2025 earnings at $2.41 EPS, FY2025 earnings at $8.23 EPS, Q1 2026 earnings at $2.05 EPS, Q2 2026 earnings at $2.32 EPS and FY2026 earnings at $9.18 EPS.

Westinghouse Air Brake Technologies (NYSE:WAB) last released its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.08. Westinghouse Air Brake Technologies had a return on equity of 12.05% and a net margin of 9.94%. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the prior year, the firm posted $1.41 EPS. Westinghouse Air Brake Technologies’s quarterly revenue was up 9.8% compared to the same quarter last year.

WAB has been the subject of several other research reports. Susquehanna boosted their price target on shares of Westinghouse Air Brake Technologies from $160.00 to $190.00 and gave the stock a “positive” rating in a report on Thursday, April 25th. Stephens raised their price target on shares of Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. The Goldman Sachs Group boosted their price objective on Westinghouse Air Brake Technologies from $160.00 to $181.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 4th. KeyCorp raised their target price on Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Finally, TD Cowen boosted their price target on Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $163.90.

Westinghouse Air Brake Technologies Trading Up 0.7 %

Shares of WAB stock opened at $159.31 on Friday. The stock has a 50 day simple moving average of $159.86 and a 200-day simple moving average of $153.39. Westinghouse Air Brake Technologies has a 1-year low of $98.70 and a 1-year high of $170.83. The company has a market cap of $27.91 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 1.30 and a beta of 1.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.38 and a quick ratio of 0.73.

Institutional Trading of Westinghouse Air Brake Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers boosted its holdings in 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 acquiring an additional 7,012 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Westinghouse Air Brake Technologies by 107.8% during the first quarter. BNP Paribas Financial Markets now owns 170,248 shares of the transportation company’s stock worth $24,802,000 after acquiring an additional 88,325 shares during the period. Applied Finance Capital Management LLC increased its position in Westinghouse Air Brake Technologies by 9.8% during the 4th quarter. Applied Finance Capital Management LLC now owns 159,384 shares of the transportation company’s stock worth $20,226,000 after purchasing an additional 14,285 shares during the period. Forsta AP Fonden lifted its holdings in Westinghouse Air Brake Technologies by 64.5% in the first quarter. Forsta AP Fonden now owns 53,300 shares of the transportation company’s stock valued at $7,765,000 after acquiring an additional 20,900 shares during the period. Finally, DNB Asset Management AS lifted its stake in shares of 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 valued at $7,325,000 after purchasing an additional 1,729 shares during the period. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Westinghouse Air Brake Technologies

In other news, Director Brian Hehir sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $161.62, for a total transaction of $161,620.00. Following the transaction, the director now owns 23,230 shares of the company’s stock, valued at approximately $3,754,432.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Westinghouse Air Brake Technologies news, EVP Nicole B. Theophilus sold 4,801 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $154.64, for a total transaction of $742,426.64. Following the completion of the sale, the executive vice president now owns 15,608 shares of the company’s stock, valued at $2,413,621.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Brian Hehir sold 1,000 shares of Westinghouse Air Brake Technologies stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $161.62, for a total value of $161,620.00. Following the completion of the sale, the director now owns 23,230 shares in the company, valued at approximately $3,754,432.60. The disclosure for this sale can be found here. Insiders sold a total of 13,223 shares of company stock worth $2,064,254 in the last three months. 1.10% of the stock is owned by corporate insiders.

Westinghouse Air Brake Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Wednesday, August 14th. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is currently 15.63%.

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.