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

Westinghouse Air Brake Technologies Co. (NYSE:WAB) – Equities researchers at Zacks Research raised their FY2024 earnings estimates for shares of Westinghouse Air Brake Technologies in a research report issued on Monday, November 11th. Zacks Research analyst M. Basu now expects that the transportation company will post earnings per share of $7.60 for the year, up from their previous estimate of $7.48. The consensus estimate for Westinghouse Air Brake Technologies’ current full-year earnings is $7.61 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) last posted 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 period in the previous year, the firm posted $1.70 EPS. The business’s revenue was up 4.4% on a year-over-year basis.

Other research analysts have also recently issued reports about the stock. Bank of America lifted their price target on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. The Goldman Sachs Group boosted their price target 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. KeyCorp raised their price objective on Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday. Susquehanna increased their target price on 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. Finally, Stephens lifted their price target on Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the stock an “overweight” rating in a research 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 company’s stock. Based on data from MarketBeat.com, Westinghouse Air Brake Technologies has an average rating of “Moderate Buy” and an average price target of $175.30.

Westinghouse Air Brake Technologies Price Performance

Shares of WAB stock opened at $198.84 on Tuesday. The business’s fifty day moving average is $183.60 and its 200 day moving average is $169.96. 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 stock has a market cap of $34.18 billion, a price-to-earnings ratio of 33.14, a PEG ratio of 1.55 and a beta of 1.27. Westinghouse Air Brake Technologies has a twelve month low of $113.93 and a twelve month high of $202.84.

Westinghouse Air Brake Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend 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 currently 13.33%.

Insider Activity at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, Director Albert J. Neupaver sold 35,722 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $188.70, for a total value of $6,740,741.40. Following the transaction, the director now directly owns 614,447 shares of the company’s stock, valued at approximately $115,946,148.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CAO John A. Mastalerz, Jr. sold 2,796 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 5,683 shares of the company’s stock, valued at approximately $1,134,951.93. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Albert J. Neupaver sold 35,722 shares of Westinghouse Air Brake Technologies 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 transaction, the director now owns 614,447 shares in the company, valued at $115,946,148.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,562 shares of company stock worth $10,040,379. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Pinnacle Bancorp Inc. grew its stake in shares of Westinghouse Air Brake Technologies by 55.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 55 shares during the period. Eastern Bank bought a new position in shares of Westinghouse Air Brake Technologies in the third quarter worth approximately $33,000. Massmutual Trust Co. FSB ADV increased its stake in shares of Westinghouse Air Brake Technologies by 26.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the transportation company’s stock worth $90,000 after purchasing an additional 118 shares in the last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in shares of Westinghouse Air Brake Technologies during the 1st quarter valued at $204,000. Finally, Camden National Bank purchased a new position in shares of Westinghouse Air Brake Technologies during the 3rd quarter valued at $222,000. Institutional investors own 91.69% of the company’s stock.

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.