Zacks Research Has Pessimistic Outlook of WAB Q4 Earnings

Westinghouse Air Brake Technologies Co. (NYSE:WAB) – Equities researchers at Zacks Research reduced their Q4 2024 EPS estimates for shares of Westinghouse Air Brake Technologies in a research report issued on Tuesday, December 24th. Zacks Research analyst M. Basu now anticipates that the transportation company will post earnings per share of $1.73 for the quarter, down from their prior forecast of $1.75. The consensus estimate for Westinghouse Air Brake Technologies’ current full-year earnings is $7.60 per share. Zacks Research also issued estimates for Westinghouse Air Brake Technologies’ Q1 2025 earnings at $1.81 EPS, Q2 2025 earnings at $1.93 EPS, Q3 2025 earnings at $2.24 EPS, FY2025 earnings at $8.39 EPS, Q1 2026 earnings at $2.09 EPS, Q2 2026 earnings at $2.37 EPS, Q3 2026 earnings at $2.46 EPS and FY2026 earnings at $9.37 EPS.

Other research analysts also recently issued research reports about the stock. KeyCorp raised their target price on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Stephens lifted their price objective on shares of Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. The Goldman Sachs Group upped their target price on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Finally, Susquehanna increased their target price on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a “positive” rating in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $175.30.

Westinghouse Air Brake Technologies Price Performance

Shares of WAB stock opened at $192.00 on Friday. The company’s 50-day simple moving average is $196.18 and its two-hundred day simple moving average is $177.02. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.65. Westinghouse Air Brake Technologies has a one year low of $123.76 and a one year high of $207.51. The company has a market capitalization of $33.00 billion, a P/E ratio of 32.00, a P/E/G ratio of 1.45 and a beta of 1.26.

Westinghouse Air Brake Technologies (NYSE:WAB) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.13. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.68 billion. Westinghouse Air Brake Technologies had a return on equity of 12.52% and a net margin of 10.25%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.70 earnings per share.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of WAB. UMB Bank n.a. increased its holdings in shares of Westinghouse Air Brake Technologies by 3.4% in the 2nd quarter. UMB Bank n.a. now owns 4,701 shares of the transportation company’s stock valued at $743,000 after acquiring an additional 156 shares during the last quarter. iA Global Asset Management Inc. raised its holdings in Westinghouse Air Brake Technologies by 1.9% during the second quarter. iA Global Asset Management Inc. now owns 15,325 shares of the transportation company’s stock worth $2,422,000 after purchasing an additional 287 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Westinghouse Air Brake Technologies by 2.1% during the 2nd quarter. Rhumbline Advisers now owns 335,483 shares of the transportation company’s stock worth $53,023,000 after buying an additional 7,012 shares during the last quarter. Plato Investment Management Ltd boosted its holdings in shares of Westinghouse Air Brake Technologies by 2.3% in the 2nd quarter. Plato Investment Management Ltd now owns 11,522 shares of the transportation company’s stock valued at $1,821,000 after buying an additional 261 shares in the last quarter. Finally, Bridges Investment Management Inc. purchased a new position in shares of Westinghouse Air Brake Technologies in the 2nd quarter valued at $360,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO John A. Mastalerz, Jr. sold 2,796 shares of Westinghouse Air Brake Technologies stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $199.71, for a total value of $558,389.16. Following the completion of the transaction, the chief accounting officer now directly owns 5,683 shares in the company, valued at approximately $1,134,951.93. This trade represents a 32.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David L. Deninno sold 10,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $188.60, for a total value of $1,886,000.00. Following the sale, the vice president now owns 55,352 shares in the company, valued at approximately $10,439,387.20. This trade represents a 15.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,393 shares of company stock valued at $9,350,243 over the last 90 days. 1.10% of the stock is owned by company insiders.

Westinghouse Air Brake Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Wednesday, November 13th. Westinghouse Air Brake Technologies’s payout ratio is 13.33%.

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.