What is Zacks Research's Estimate for WAB FY2024 Earnings?

Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) - Zacks Research lifted their FY2024 earnings estimates for Westinghouse Air Brake Technologies in a note issued to investors on Monday, November 11th. Zacks Research analyst M. Basu now forecasts that the transportation company will post earnings per share of $7.60 for the year, up from their prior estimate of $7.48. The consensus estimate for Westinghouse Air Brake Technologies' current full-year earnings is $7.58 per share. Zacks Research also issued estimates for Westinghouse Air Brake Technologies' Q4 2024 earnings at $1.75 EPS, Q1 2025 earnings at $1.79 EPS, Q2 2025 earnings at $1.91 EPS, Q3 2025 earnings at $2.22 EPS, FY2025 earnings at $8.33 EPS, Q2 2026 earnings at $2.35 EPS and FY2026 earnings at $9.30 EPS.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) 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 business had revenue of $2.66 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.70 earnings per share.

Other research analysts have also issued research reports about the company. Bank of America increased their price target on Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the stock a "buy" rating in a research note on Monday, July 22nd. Susquehanna lifted their price target on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a "positive" rating in a research note on Monday, October 21st. Stephens increased 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 note on Thursday, October 24th. Finally, The Goldman Sachs Group increased their price objective on shares of Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $171.80.

Westinghouse Air Brake Technologies Price Performance

NYSE WAB traded down $1.85 during trading hours on Tuesday, reaching $199.32. The company's stock had a trading volume of 151,710 shares, compared to its average volume of 1,075,992. The company's 50-day moving average is $182.20 and its two-hundred day moving average is $169.52. The stock has a market cap of $34.26 billion, a PE ratio of 33.53, a PEG ratio of 1.56 and a beta of 1.27. 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 has a fifty-two week low of $111.93 and a fifty-two week high of $202.84.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Border to Coast Pensions Partnership Ltd raised its position in Westinghouse Air Brake Technologies by 4.5% in the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 201,011 shares of the transportation company's stock valued at $36,431,000 after purchasing an additional 8,575 shares during the last quarter. Rhumbline Advisers increased its position in Westinghouse Air Brake Technologies by 2.1% in the 2nd quarter. Rhumbline Advisers now owns 335,483 shares of the transportation company's stock valued at $53,023,000 after acquiring an additional 7,012 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Westinghouse Air Brake Technologies by 12.3% during the second quarter. Nisa Investment Advisors LLC now owns 22,357 shares of the transportation company's stock worth $3,534,000 after purchasing an additional 2,457 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Westinghouse Air Brake Technologies by 3.4% in the second quarter. UMB Bank n.a. now owns 4,701 shares of the transportation company's stock valued at $743,000 after purchasing an additional 156 shares in the last quarter. Finally, Plato Investment Management Ltd lifted its holdings in Westinghouse Air Brake Technologies by 2.3% during the 2nd quarter. Plato Investment Management Ltd now owns 11,522 shares of the transportation company's stock worth $1,821,000 after buying an additional 261 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

Insider Activity at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, CAO John A. Mastalerz, Jr. sold 2,796 shares of the firm's stock in a transaction that occurred 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 sale, the chief accounting officer now owns 5,683 shares in the company, valued at approximately $1,134,951.93. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Westinghouse Air Brake Technologies news, VP David L. Deninno sold 875 shares of the business's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $188.70, for a total value of $165,112.50. Following the sale, the vice president now owns 55,352 shares of the company's stock, valued at $10,444,922.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO John A. Mastalerz, Jr. sold 2,796 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $199.71, for a total transaction of $558,389.16. Following the completion of the transaction, the chief accounting officer now directly owns 5,683 shares of the company's stock, valued at $1,134,951.93. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 60,984 shares of company stock worth $11,200,586. Company insiders own 1.10% of the company's stock.

Westinghouse Air Brake Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is 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.