Q4 2024 EPS Estimates for Westinghouse Air Brake Technologies Co. (NYSE:WAB) Decreased by Zacks Research

Westinghouse Air Brake Technologies Co. (NYSE:WAB - Free Report) - Equities researchers at Zacks Research lowered their Q4 2024 earnings estimates for shares of Westinghouse Air Brake Technologies in a research note issued on Wednesday, May 15th. Zacks Research analyst M. Basu now anticipates that the transportation company will earn $1.82 per share for the quarter, down from their prior forecast of $1.84. The consensus estimate for Westinghouse Air Brake Technologies' current full-year earnings is $7.28 per share. Zacks Research also issued estimates for Westinghouse Air Brake Technologies' Q1 2025 earnings at $1.62 EPS and Q4 2025 earnings at $2.16 EPS.

Several other equities research analysts have also commented on the stock. Wells Fargo & Company boosted their price target on shares of Westinghouse Air Brake Technologies from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Thursday, February 15th. Susquehanna upped their target price on Westinghouse Air Brake Technologies from $160.00 to $190.00 and gave the stock a "positive" rating in a report on Thursday, April 25th. Redburn Atlantic downgraded Westinghouse Air Brake Technologies from a "buy" rating to a "neutral" rating and set a $135.00 price target on the stock. in a report on Thursday, February 15th. Stephens upped their price objective on Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the stock an "overweight" rating in a research note on Thursday, April 25th. Finally, TD Cowen lifted their target price on Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the company a "hold" rating in a research note on Thursday, April 25th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $156.18.

Westinghouse Air Brake Technologies Stock Up 1.0 %

Shares of WAB stock traded up $1.66 on Friday, hitting $168.32. The stock had a trading volume of 1,030,858 shares, compared to its average volume of 1,069,095. The company has a quick ratio of 0.77, a current ratio of 1.52 and a debt-to-equity ratio of 0.38. Westinghouse Air Brake Technologies has a one year low of $91.89 and a one year high of $169.13. The business has a 50 day moving average price of $151.53 and a 200 day moving average price of $134.55. The company has a market cap of $29.69 billion, a PE ratio of 32.55, a P/E/G ratio of 1.50 and a beta of 1.36.

Westinghouse Air Brake Technologies (NYSE:WAB - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. Westinghouse Air Brake Technologies had a return on equity of 11.25% and a net margin of 9.20%. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the business posted $1.28 EPS. Westinghouse Air Brake Technologies's quarterly revenue was up 13.9% on a year-over-year basis.

Insider Buying and Selling

In related news, EVP Gregory Sbrocco sold 1,646 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $167.30, for a total value of $275,375.80. Following the transaction, the executive vice president now owns 16,666 shares in the company, valued at approximately $2,788,221.80. The sale was disclosed in a filing with the SEC, which is available through this link. In other Westinghouse Air Brake Technologies news, EVP Gregory Sbrocco sold 1,646 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $167.30, for a total transaction of $275,375.80. Following the sale, the executive vice president now directly owns 16,666 shares of the company's stock, valued at approximately $2,788,221.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Albert J. Neupaver sold 29,100 shares of the business's stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $161.63, for a total value of $4,703,433.00. Following the completion of the transaction, the director now directly owns 595,412 shares of the company's stock, valued at approximately $96,236,441.56. The disclosure for this sale can be found here. Insiders sold 105,970 shares of company stock valued at $15,871,367 over the last quarter. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Westinghouse Air Brake Technologies

Institutional investors have recently made changes to their positions in the company. Greenleaf Trust grew its position in Westinghouse Air Brake Technologies by 4.3% during the first quarter. Greenleaf Trust now owns 3,201 shares of the transportation company's stock valued at $466,000 after buying an additional 133 shares during the period. First Hawaiian Bank grew its position in shares of Westinghouse Air Brake Technologies by 4.4% during the 1st quarter. First Hawaiian Bank now owns 3,699 shares of the transportation company's stock valued at $539,000 after acquiring an additional 157 shares during the period. Watchman Group Inc. increased its stake in shares of Westinghouse Air Brake Technologies by 0.9% in the 3rd quarter. Watchman Group Inc. now owns 28,921 shares of the transportation company's stock valued at $3,073,000 after purchasing an additional 269 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in Westinghouse Air Brake Technologies by 36.8% in the 1st quarter. V Square Quantitative Management LLC now owns 2,624 shares of the transportation company's stock worth $382,000 after purchasing an additional 706 shares during the period. Finally, Silvercrest Asset Management Group LLC boosted its position in Westinghouse Air Brake Technologies by 17.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 7,727 shares of the transportation company's stock worth $1,126,000 after purchasing an additional 1,146 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

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.