Westinghouse Air Brake Technologies (NYSE:WAB) Releases Earnings Results, Beats Expectations By $0.27 EPS

Westinghouse Air Brake Technologies (NYSE:WAB) issued its quarterly earnings results on Wednesday. The transportation company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.27, Zacks reports. Westinghouse Air Brake Technologies had a net margin of 10.17% and a return on equity of 12.78%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.61 billion. Westinghouse Air Brake Technologies updated its FY 2025 guidance to 8.350-8.950 EPS.

Westinghouse Air Brake Technologies Price Performance

WAB opened at $185.52 on Friday. The company’s 50-day simple moving average is $178.57 and its two-hundred day simple moving average is $190.30. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.69 and a current ratio of 1.30. The stock has a market capitalization of $31.72 billion, a P/E ratio of 30.77, a P/E/G ratio of 1.50 and a beta of 1.14. Westinghouse Air Brake Technologies has a 52-week low of $147.66 and a 52-week high of $210.88.

Westinghouse Air Brake Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.54%. This is an increase from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, February 21st. Westinghouse Air Brake Technologies’s dividend payout ratio (DPR) is presently 16.58%.

Insider Activity

In other Westinghouse Air Brake Technologies news, CEO Rafael Santana sold 886 shares of Westinghouse Air Brake Technologies stock in a transaction that occurred on Wednesday, April 2nd. The shares were 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Susquehanna decreased their target price on shares of Westinghouse Air Brake Technologies from $218.00 to $210.00 and set a “positive” rating for the company in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on Westinghouse Air Brake Technologies from $175.00 to $194.00 and gave the company a “neutral” rating in a research report on Thursday. The Goldman Sachs Group reissued a “neutral” rating and issued a $201.00 target price (up from $175.00) on shares of Westinghouse Air Brake Technologies in a report on Wednesday. Bank of America raised their price target on Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Finally, Stephens reiterated an “overweight” rating and issued a $220.00 price target on shares of Westinghouse Air Brake Technologies in a research note on Thursday, February 13th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $202.57.

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.