Westinghouse Air Brake Technologies (NYSE:WAB – Get Free Report) released its earnings results on Wednesday. The transportation company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.13, Briefing.com reports. Westinghouse Air Brake Technologies had a net margin of 9.94% and a return on equity of 12.05%. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same period last year, the business earned $1.70 EPS. Westinghouse Air Brake Technologies’s revenue for the quarter was up 4.4% on a year-over-year basis. Westinghouse Air Brake Technologies updated its FY 2024 guidance to 7.450-7.650 EPS and its FY24 guidance to $7.45-7.65 EPS.
Westinghouse Air Brake Technologies Trading Up 0.9 %
Shares of Westinghouse Air Brake Technologies stock opened at $189.08 on Friday. Westinghouse Air Brake Technologies has a fifty-two week low of $102.16 and a fifty-two week high of $192.48. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.73 and a current ratio of 1.38. The company has a market cap of $33.12 billion, a P/E ratio of 33.17, a price-to-earnings-growth ratio of 1.50 and a beta of 1.27. The firm has a 50-day simple moving average of $175.35 and a two-hundred day simple moving average of $165.54.
Westinghouse Air Brake Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.80 dividend on an annualized basis and a yield of 0.42%. Westinghouse Air Brake Technologies’s payout ratio is 14.04%.
Insider Activity
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on WAB shares. The Goldman Sachs Group raised their target price on Westinghouse Air Brake Technologies from $181.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday. Susquehanna lifted their target price on Westinghouse Air Brake Technologies from $190.00 to $220.00 and gave the stock a “positive” rating in a report on Monday. Bank of America increased their price target on shares of Westinghouse Air Brake Technologies from $183.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Stephens lifted their price objective on shares of Westinghouse Air Brake Technologies from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $171.80.
Read Our Latest Stock Analysis on Westinghouse Air Brake Technologies
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.
Featured Stories
- Five stocks we like better than Westinghouse Air Brake Technologies
- There Are Different Types of Stock To Invest In
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
- Using the MarketBeat Dividend Tax Calculator
- The Downtrend in UPS Stock Isn’t Over Yet
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Maximize Portfolio Income with These 3 Dividend ETFs
Receive News & Ratings for Westinghouse Air Brake Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westinghouse Air Brake Technologies and related companies with MarketBeat.com's FREE daily email newsletter.