Zacks Research Analysts Decrease Earnings Estimates for WAB

Westinghouse Air Brake Technologies Co. (NYSE:WAB) – Equities research analysts at Zacks Research lowered their Q4 2024 EPS estimates for shares of Westinghouse Air Brake Technologies in a report released on Tuesday, December 24th. Zacks Research analyst M. Basu now expects 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.

A number of other research firms have also recently issued reports on WAB. Stephens increased their target price on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Susquehanna increased their price objective on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a “positive” rating in a report on Monday, October 21st. The Goldman Sachs Group boosted their target price on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Finally, KeyCorp raised 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 analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $175.30.

Westinghouse Air Brake Technologies Stock Down 0.2 %

Shares of WAB stock opened at $193.86 on Friday. Westinghouse Air Brake Technologies has a 12-month low of $123.76 and a 12-month high of $207.51. The company has a quick ratio of 0.65, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average of $196.16 and a 200-day moving average of $176.82. The company has a market capitalization of $33.32 billion, a price-to-earnings ratio of 32.31, a P/E/G ratio of 1.45 and a beta of 1.26.

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

Westinghouse Air Brake Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. Westinghouse Air Brake Technologies’s dividend payout ratio is presently 13.33%.

Insider Activity

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC acquired a new position in shares of Westinghouse Air Brake Technologies in the third quarter valued at approximately $24,630,000. Garde Capital Inc. acquired a new position in Westinghouse Air Brake Technologies in the 3rd quarter valued at $110,000. Wilmington Savings Fund Society FSB acquired a new position in Westinghouse Air Brake Technologies in the 3rd quarter valued at $386,000. iA Global Asset Management Inc. increased its position in Westinghouse Air Brake Technologies by 21.5% during the 3rd quarter. iA Global Asset Management Inc. now owns 18,613 shares of the transportation company’s stock worth $3,383,000 after buying an additional 3,288 shares during the period. Finally, Erste Asset Management GmbH acquired a new stake in shares of Westinghouse Air Brake Technologies during the third quarter worth $61,474,000. 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.