Westinghouse Air Brake Technologies (NYSE:WAB – Get Free Report) issued its quarterly earnings results on Wednesday. The transportation company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40, Briefing.com reports. Westinghouse Air Brake Technologies had a return on equity of 11.25% and a net margin of 9.20%. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the previous year, the firm earned $1.28 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. Westinghouse Air Brake Technologies updated its FY24 guidance to $7.00-$7.40 EPS and its FY 2024 guidance to 7.000-7.400 EPS.
Westinghouse Air Brake Technologies Trading Down 0.1 %
NYSE WAB traded down $0.09 during trading on Friday, hitting $163.09. The stock had a trading volume of 195,572 shares, compared to its average volume of 1,049,208. The company has a market capitalization of $28.84 billion, a PE ratio of 31.87, a PEG ratio of 1.76 and a beta of 1.40. The company has a quick ratio of 0.63, a current ratio of 1.52 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average price of $143.19 and a 200 day moving average price of $127.89. Westinghouse Air Brake Technologies has a twelve month low of $91.89 and a twelve month high of $167.49.
Westinghouse Air Brake Technologies Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were given a $0.20 dividend. This is an increase from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.17. This represents a $0.80 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Thursday, February 22nd. Westinghouse Air Brake Technologies’s payout ratio is currently 15.63%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on Westinghouse Air Brake Technologies
Insider Buying and Selling at Westinghouse Air Brake Technologies
In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 40,219 shares of Westinghouse Air Brake Technologies stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $140.62, for a total value of $5,655,595.78. Following the completion of the transaction, the chief executive officer now directly owns 123,019 shares of the company’s stock, valued at approximately $17,298,931.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Brian Hehir sold 5,470 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $135.80, for a total transaction of $742,826.00. Following the completion of the sale, the director now owns 23,065 shares in the company, valued at $3,132,227. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Rafael Santana sold 40,219 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $140.62, for a total value of $5,655,595.78. Following the sale, the chief executive officer now owns 123,019 shares of the company’s stock, valued at approximately $17,298,931.78. The disclosure for this sale can be found here. Insiders sold a total of 63,964 shares of company stock valued at $8,924,584 in the last three months. 1.10% of the stock is owned by corporate insiders.
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.
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