Zacks Research Issues Pessimistic Outlook for WAB Earnings

Westinghouse Air Brake Technologies Co. (NYSE:WAB) – Investment analysts at Zacks Research reduced their Q4 2024 earnings per share (EPS) estimates for shares of Westinghouse Air Brake Technologies in a note issued to investors on Tuesday, December 24th. Zacks Research analyst M. Basu now expects that the transportation company will post earnings of $1.73 per share for the quarter, down from their previous 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.

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

Westinghouse Air Brake Technologies Price Performance

Shares of NYSE:WAB opened at $192.00 on Friday. Westinghouse Air Brake Technologies has a one year low of $123.76 and a one year high of $207.51. The stock has a market capitalization of $33.00 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 1.45 and a beta of 1.26. The company has a 50-day simple moving average of $196.18 and a 200-day simple moving average of $177.02. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.65 and a current ratio of 1.30.

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

Westinghouse Air Brake Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid 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 dividend payout ratio is currently 13.33%.

Insider Buying and Selling

In other Westinghouse Air Brake Technologies news, Director Albert J. Neupaver sold 35,722 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $188.70, for a total transaction of $6,740,741.40. Following the completion of the sale, the director now directly owns 614,447 shares of the company’s stock, valued at approximately $115,946,148.90. This represents a 5.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO John A. Mastalerz, Jr. sold 2,796 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $199.71, for a total value of $558,389.16. Following the completion of the sale, the chief accounting officer now owns 5,683 shares of the company’s stock, valued at $1,134,951.93. The trade was a 32.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,393 shares of company stock valued at $9,350,243 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. raised its stake in shares of Westinghouse Air Brake Technologies by 55.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company’s stock worth $28,000 after purchasing an additional 55 shares in the last quarter. Eastern Bank acquired a new position in Westinghouse Air Brake Technologies in the third quarter worth approximately $33,000. Garde Capital Inc. bought a new position in Westinghouse Air Brake Technologies during the third quarter valued at approximately $110,000. Camden National Bank acquired a new stake in Westinghouse Air Brake Technologies in the third quarter valued at approximately $222,000. Finally, Harvest Fund Management Co. Ltd grew its position in Westinghouse Air Brake Technologies by 10.4% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,820 shares of the transportation company’s stock worth $331,000 after acquiring an additional 172 shares in the last quarter. Hedge funds and other institutional investors own 91.69% 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.