Westinghouse Air Brake Technologies (WAB) to Release Earnings on Wednesday

Westinghouse Air Brake Technologies (NYSE:WAB) is projected to issue its quarterly earnings data before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $1.74 per share and revenue of $2.62 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Westinghouse Air Brake Technologies Price Performance

Shares of NYSE WAB opened at $208.44 on Tuesday. The firm has a market cap of $35.83 billion, a P/E ratio of 34.74, a price-to-earnings-growth ratio of 1.33 and a beta of 1.27. The business’s 50 day moving average is $199.24 and its 200-day moving average is $185.65. 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 1-year low of $131.33 and a 1-year high of $210.88.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a dividend of $0.25 per share. This is a boost from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.00 annualized dividend and a yield of 0.48%. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 13.33%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WAB. KeyCorp raised their price target 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. Stephens raised their target price on shares of Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. The Goldman Sachs Group boosted 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. Susquehanna raised their price objective 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, Bank of America upped their target price on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Westinghouse Air Brake Technologies currently has an average rating of “Moderate Buy” and an average target price of $188.50.

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.