Zacks Research Has Bearish Estimate for WAB Q4 Earnings

Westinghouse Air Brake Technologies Co. (NYSE:WAB) – Analysts at Zacks Research lowered their Q4 2024 earnings estimates for Westinghouse Air Brake Technologies in a research report issued to clients and investors on Tuesday, December 24th. Zacks Research analyst M. Basu now expects that the transportation company will post earnings per share of $1.73 for the quarter, down from their prior 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.

A number of other research firms have also recently issued reports on WAB. KeyCorp upped 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 research report on Wednesday, November 13th. Susquehanna upped 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 report on Monday, October 21st. The Goldman Sachs Group increased their price target on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Finally, Stephens boosted their price objective 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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $175.30.

Westinghouse Air Brake Technologies Stock Down 0.2 %

Shares of NYSE WAB opened at $193.86 on Friday. The company has a market cap of $33.32 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 1.45 and a beta of 1.26. The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34. Westinghouse Air Brake Technologies has a 12 month low of $123.76 and a 12 month high of $207.51. The stock has a 50-day moving average price of $196.16 and a two-hundred day moving average price of $176.82.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.13. The company 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%. Westinghouse Air Brake Technologies’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.70 EPS.

Westinghouse Air Brake Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.41%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 13.33%.

Insider Activity

In related 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 transaction, the vice president now owns 55,352 shares in the company, valued at $10,444,922.40. The trade was a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Albert J. Neupaver sold 35,722 shares of the 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 sale, the director now owns 614,447 shares of the company’s stock, valued at approximately $115,946,148.90. The trade was a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,393 shares of company stock valued at $9,350,243. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Westinghouse Air Brake Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Pinnacle Bancorp Inc. lifted its stake in Westinghouse Air Brake Technologies by 55.0% in the third quarter. Pinnacle Bancorp Inc. now owns 155 shares of the transportation company’s stock valued at $28,000 after buying an additional 55 shares during the period. Bridges Investment Management Inc. lifted its position in shares of Westinghouse Air Brake Technologies by 3.4% during the 3rd quarter. Bridges Investment Management Inc. now owns 2,357 shares of the transportation company’s stock valued at $428,000 after acquiring an additional 77 shares during the period. UMB Bank n.a. boosted its stake in Westinghouse Air Brake Technologies by 3.4% during the second quarter. UMB Bank n.a. now owns 4,701 shares of the transportation company’s stock worth $743,000 after acquiring an additional 156 shares in the last quarter. Harvest Fund Management Co. Ltd grew its holdings in Westinghouse Air Brake Technologies by 10.4% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,820 shares of the transportation company’s stock worth $331,000 after purchasing an additional 172 shares during the period. Finally, Eastern Bank bought a new stake in Westinghouse Air Brake Technologies in the third quarter valued at $33,000. 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.