Research Analysts Set Expectations for WAB Q4 Earnings

Westinghouse Air Brake Technologies Co. (NYSE:WAB) – Equities researchers at Zacks Research cut their Q4 2024 earnings per share (EPS) estimates for shares of Westinghouse Air Brake Technologies in a report issued on Tuesday, December 24th. Zacks Research analyst M. Basu now anticipates that the transportation company will post earnings of $1.73 per share for the quarter, down from their previous 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.

WAB has been the subject of a number of other research reports. The Goldman Sachs Group raised their price objective on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Stephens lifted their price target on shares of Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Susquehanna boosted their price target on shares of Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the company a “positive” rating in a report on Monday, October 21st. Finally, KeyCorp raised their price objective on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.30.

Westinghouse Air Brake Technologies Stock Down 1.0 %

NYSE WAB opened at $192.00 on Friday. Westinghouse Air Brake Technologies has a twelve month low of $123.76 and a twelve month high of $207.51. The stock has a market cap of $33.00 billion, a PE ratio of 32.00, a PEG ratio of 1.45 and a beta of 1.26. The firm has a 50-day simple moving average of $196.18 and a 200 day simple moving average of $177.02. 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 (NYSE:WAB) last released its earnings results on Wednesday, October 23rd. The transportation company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.87 by $0.13. Westinghouse Air Brake Technologies had a net margin of 10.25% and a return on equity of 12.52%. The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same period in the prior year, the company earned $1.70 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year.

Westinghouse Air Brake Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Wednesday, November 13th. Westinghouse Air Brake Technologies’s payout ratio is 13.33%.

Insider Activity at Westinghouse Air Brake Technologies

In other news, VP David L. Deninno sold 10,000 shares of the stock in a transaction on 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 in the company, valued at approximately $10,439,387.20. This represents a 15.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Albert J. Neupaver sold 35,722 shares of the firm’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 $6,740,741.40. Following the completion of the sale, the director now owns 614,447 shares of the company’s stock, valued at approximately $115,946,148.90. This trade represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,393 shares of company stock valued at $9,350,243 in the last ninety days. Insiders own 1.10% of the company’s stock.

Institutional Trading of Westinghouse Air Brake Technologies

Several hedge funds have recently modified their holdings of the stock. iA Global Asset Management Inc. raised its position in shares of Westinghouse Air Brake Technologies by 21.5% in the 3rd quarter. iA Global Asset Management Inc. now owns 18,613 shares of the transportation company’s stock valued at $3,383,000 after acquiring an additional 3,288 shares during the period. Border to Coast Pensions Partnership Ltd grew its stake in Westinghouse Air Brake Technologies by 4.5% in the third quarter. Border to Coast Pensions Partnership Ltd now owns 201,011 shares of the transportation company’s stock valued at $36,431,000 after acquiring an additional 8,575 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Westinghouse Air Brake Technologies by 5.2% in the third quarter. BNP Paribas Financial Markets now owns 278,729 shares of the transportation company’s stock worth $50,665,000 after acquiring an additional 13,683 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Westinghouse Air Brake Technologies during the third quarter worth about $7,128,000. Finally, Rhumbline Advisers lifted its holdings in shares of Westinghouse Air Brake Technologies by 2.1% during the 2nd quarter. Rhumbline Advisers now owns 335,483 shares of the transportation company’s stock valued at $53,023,000 after purchasing an additional 7,012 shares in the last quarter. 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.