Westinghouse Air Brake Technologies (NYSE:WAB) Announces Earnings Results

Westinghouse Air Brake Technologies (NYSE:WAB) issued its earnings results on Wednesday. The transportation company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.25, Zacks reports. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.61 billion. Westinghouse Air Brake Technologies had a return on equity of 12.78% and a net margin of 10.17%. Westinghouse Air Brake Technologies’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.89 earnings per share. Westinghouse Air Brake Technologies updated its FY 2025 guidance to 8.350-8.950 EPS.

Westinghouse Air Brake Technologies Stock Down 0.8 %

Shares of NYSE:WAB traded down $1.45 during trading on Monday, reaching $182.58. 158,970 shares of the company traded hands, compared to its average volume of 1,105,348. Westinghouse Air Brake Technologies has a 1-year low of $147.66 and a 1-year high of $210.88. The company has a quick ratio of 0.69, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. The firm has a market cap of $31.21 billion, a P/E ratio of 30.32, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14. The firm has a fifty day simple moving average of $178.49 and a 200 day simple moving average of $190.40.

Westinghouse Air Brake Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. Westinghouse Air Brake Technologies’s payout ratio is 15.67%.

Insider Activity at Westinghouse Air Brake Technologies

In related news, CEO Rafael Santana sold 886 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $185.07, for a total value of $163,972.02. Following the completion of the sale, the chief executive officer now owns 201,558 shares of the company’s stock, valued at approximately $37,302,339.06. The trade was a 0.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on WAB shares. Stephens reissued an “overweight” rating and set a $220.00 price target on shares of Westinghouse Air Brake Technologies in a report on Thursday, February 13th. StockNews.com cut Westinghouse Air Brake Technologies from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Susquehanna decreased their price objective on Westinghouse Air Brake Technologies from $218.00 to $210.00 and set a “positive” rating for the company in a report on Thursday. Bank of America lifted their target price on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, JPMorgan Chase & Co. increased their price target on Westinghouse Air Brake Technologies from $175.00 to $194.00 and gave the stock a “neutral” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Westinghouse Air Brake Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $211.83.

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.