Westinghouse Air Brake Technologies (WAB) Set to Announce Earnings on Wednesday

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, October 23rd. Analysts expect Westinghouse Air Brake Technologies to post 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 interested in registering for the company's earnings conference call can do so using this link.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.64 billion. During the same period last year, the business earned $1.41 earnings per share. The business's revenue 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 Price Performance

WAB stock traded up $2.52 during trading on Wednesday, hitting $189.77. 521,166 shares of the stock traded hands, compared to its average volume of 1,088,296. The company has a 50 day simple moving average of $171.33 and a 200 day simple moving average of $163.90. Westinghouse Air Brake Technologies has a one year low of $98.70 and a one year high of $190.52. The stock has a market cap of $33.24 billion, a price-to-earnings ratio of 33.29, a P/E/G ratio of 1.57 and a beta of 1.27. The company has a current ratio of 1.38, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33.

Westinghouse Air Brake Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Wednesday, August 14th. Westinghouse Air Brake Technologies's payout ratio is presently 14.04%.

Analyst Upgrades and Downgrades

Separately, Bank of America upped their price target on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the stock 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $163.90.

Insider Buying and Selling

In other Westinghouse Air Brake Technologies news, Director Brian Hehir sold 1,000 shares of the company's stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $161.62, for a total transaction of $161,620.00. Following the transaction, the director now directly owns 23,230 shares in the company, valued at approximately $3,754,432.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Westinghouse Air Brake Technologies news, Director Brian Hehir sold 1,000 shares of Westinghouse Air Brake Technologies stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $161.62, for a total transaction of $161,620.00. Following the completion of the sale, the director now owns 23,230 shares of the company's stock, valued at approximately $3,754,432.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alicia Hammersmith sold 4,169 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $165.54, for a total value of $690,136.26. Following the completion of the transaction, the insider now directly owns 5,606 shares in the company, valued at approximately $928,017.24. This trade represents a 0.00 % decrease in their position. 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 three months. 1.10% of the stock is currently owned by company insiders.

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.