Westinghouse Air Brake Technologies (NYSE:WAB) Issues Earnings Results

Westinghouse Air Brake Technologies (NYSE:WAB) issued its quarterly earnings results on Wednesday. The transportation company reported $1.68 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.06), Zacks reports. Westinghouse Air Brake Technologies had a net margin of 10.25% and a return on equity of 12.52%. Westinghouse Air Brake Technologies updated its FY 2025 guidance to 8.350-8.750 EPS.

Westinghouse Air Brake Technologies Stock Down 10.2 %

Westinghouse Air Brake Technologies stock traded down $21.19 during trading hours on Wednesday, reaching $186.93. The stock had a trading volume of 1,348,537 shares, compared to its average volume of 906,294. The business’s 50 day moving average price is $199.40 and its 200-day moving average price is $185.99. The company has a market cap of $32.13 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 1.33 and a beta of 1.27. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.65. Westinghouse Air Brake Technologies has a 52 week low of $131.33 and a 52 week high of $210.88.

Westinghouse Air Brake Technologies Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, February 21st. This is a positive change from Westinghouse Air Brake Technologies’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 0.53%. Westinghouse Air Brake Technologies’s payout ratio is 13.33%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Bank of America upped their target price on shares of Westinghouse Air Brake Technologies from $225.00 to $226.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Susquehanna upped 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. 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 report on Thursday, October 24th. Stephens increased 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 report on Thursday, October 24th. Finally, KeyCorp boosted their target price on shares of Westinghouse Air Brake Technologies from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Westinghouse Air Brake Technologies has an average rating of “Moderate Buy” and an average price target 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.