Q4 2024 Earnings Forecast for Westinghouse Air Brake Technologies Co. (NYSE:WAB) Issued By Zacks Research

Westinghouse Air Brake Technologies Co. (NYSE:WAB) – Equities researchers at Zacks Research reduced their Q4 2024 earnings per share (EPS) estimates for shares of Westinghouse Air Brake Technologies in a research note issued on Wednesday, May 15th. Zacks Research analyst M. Basu now forecasts that the transportation company will post earnings per share of $1.82 for the quarter, down from their previous estimate of $1.84. The consensus estimate for Westinghouse Air Brake Technologies’ current full-year earnings is $7.28 per share. Zacks Research also issued estimates for Westinghouse Air Brake Technologies’ Q1 2025 earnings at $1.62 EPS and Q4 2025 earnings at $2.16 EPS.

WAB has been the subject of several other research reports. Susquehanna raised their price target on Westinghouse Air Brake Technologies from $160.00 to $190.00 and gave the company a “positive” rating in a report on Thursday, April 25th. Stephens raised their price target on Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Bank of America lifted their target price on Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Wells Fargo & Company lifted their target price on Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Finally, The Goldman Sachs Group lifted their target price on Westinghouse Air Brake Technologies from $138.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $156.18.

Westinghouse Air Brake Technologies Stock Performance

NYSE WAB opened at $168.32 on Friday. The stock has a market capitalization of $29.69 billion, a PE ratio of 32.88, a P/E/G ratio of 1.48 and a beta of 1.36. The business has a 50 day simple moving average of $152.05 and a two-hundred day simple moving average of $135.19. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.52 and a quick ratio of 0.77. Westinghouse Air Brake Technologies has a 1-year low of $91.89 and a 1-year high of $169.13.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its earnings results on Wednesday, April 24th. The transportation company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.40 billion. Westinghouse Air Brake Technologies had a return on equity of 11.25% and a net margin of 9.20%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the company earned $1.28 EPS.

Westinghouse Air Brake Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. Westinghouse Air Brake Technologies’s payout ratio is currently 15.63%.

Insider Activity at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, VP David L. Deninno sold 6,607 shares of Westinghouse Air Brake Technologies stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $135.61, for a total transaction of $895,975.27. Following the completion of the sale, the vice president now directly owns 65,535 shares of the company’s stock, valued at approximately $8,887,201.35. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Westinghouse Air Brake Technologies news, VP David L. Deninno sold 6,607 shares of Westinghouse Air Brake Technologies stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $135.61, for a total transaction of $895,975.27. Following the completion of the sale, the vice president now directly owns 65,535 shares of the company’s stock, valued at approximately $8,887,201.35. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Gregory Sbrocco sold 1,646 shares of Westinghouse Air Brake Technologies stock in a transaction on Friday, May 10th. The shares were sold at an average price of $167.30, for a total value of $275,375.80. Following the sale, the executive vice president now directly owns 16,666 shares of the company’s stock, valued at $2,788,221.80. The disclosure for this sale can be found here. Insiders sold a total of 105,970 shares of company stock worth $15,871,367 in the last quarter. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its position in shares of Westinghouse Air Brake Technologies by 107.8% in the 1st 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 in the last quarter. Applied Finance Capital Management LLC raised its position in shares of Westinghouse Air Brake Technologies by 9.8% in the 4th quarter. Applied Finance Capital Management LLC now owns 159,384 shares of the transportation company’s stock worth $20,226,000 after acquiring an additional 14,285 shares in the last quarter. Forsta AP Fonden raised its position in shares of Westinghouse Air Brake Technologies by 64.5% in the 1st quarter. Forsta AP Fonden now owns 53,300 shares of the transportation company’s stock worth $7,765,000 after acquiring an additional 20,900 shares in the last quarter. Watchman Group Inc. raised its stake in shares of Westinghouse Air Brake Technologies by 0.9% in the third quarter. Watchman Group Inc. now owns 28,921 shares of the transportation company’s stock worth $3,073,000 after purchasing an additional 269 shares during the last quarter. Finally, iA Global Asset Management Inc. purchased a new position in shares of Westinghouse Air Brake Technologies in the third quarter worth about $1,915,000. 91.69% of the stock is owned by institutional investors.

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.