Westinghouse Air Brake Technologies (WAB) to Release Quarterly Earnings on Wednesday

Westinghouse Air Brake Technologies (NYSE:WAB) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, October 23rd. Analysts expect the company to announce earnings of $1.86 per share for the quarter. Westinghouse Air Brake Technologies has set its FY 2024 guidance at 7.200-7.500 EPS and its FY24 guidance at $7.20-7.50 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its 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 firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the prior year, the business earned $1.41 EPS. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts expect Westinghouse Air Brake Technologies to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Westinghouse Air Brake Technologies Stock Down 0.6 %

WAB stock opened at $187.25 on Wednesday. The firm has a market cap of $33.03 billion, a PE ratio of 36.57, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. The business has a 50 day moving average of $170.60 and a 200 day moving average of $163.72. Westinghouse Air Brake Technologies has a twelve month low of $98.70 and a twelve month high of $189.91. The company has a quick ratio of 0.73, a current ratio of 1.38 and a debt-to-equity ratio of 0.33.

Westinghouse Air Brake Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.43%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is currently 15.63%.

Analyst Ratings Changes

Separately, Bank of America boosted their price objective on Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $163.90.

Insiders Place Their Bets

In other news, insider Alicia Hammersmith sold 4,169 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $165.54, for a total transaction of $690,136.26. Following the transaction, the insider now directly owns 5,606 shares of the company’s stock, valued at approximately $928,017.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Westinghouse Air Brake Technologies news, EVP Nicole B. Theophilus sold 4,801 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $154.64, for a total transaction of $742,426.64. Following the sale, the executive vice president now directly owns 15,608 shares of the company’s stock, valued at approximately $2,413,621.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alicia Hammersmith sold 4,169 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $165.54, for a total transaction of $690,136.26. Following the sale, the insider now directly owns 5,606 shares in the company, valued at approximately $928,017.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,392 shares of company stock worth $2,754,390 over the last 90 days. Company insiders own 1.10% of the company’s stock.

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.