Westinghouse Air Brake Technologies Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit industries worldwide. It operates through two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing freight cars and locomotives; builds new commuter locomotives; rebuilds freight locomotives; supplies railway electronics, positive train control equipment, signal design, and engineering services; and provides related heat exchange and cooling systems. It serves publicly traded railroads; leasing companies; manufacturers of original equipment, including locomotives and freight cars; and utilities. The Transit segment manufactures and services components for new and existing passenger transit vehicles, such as regional trains, high speed trains, subway cars, light-rail vehicles, and buses; refurbishes subway cars; and provides heating, ventilation, and air conditioning equipment, as well as doors for buses and subways. This segment serves public transit authorities and municipalities, leasing companies, and manufacturers of subway cars and buses. It also provides electronically controlled pneumatic braking products; railway electronics; freight car trucks; draft gears, couplers, and slack adjusters; air compressors and dryers; heat exchangers and cooling products; and track and switch products. In addition, the company offers railway braking equipment and related components; friction products; new switcher locomotives; transit locomotive and car overhaul services; and freight locomotive overhaul, modernizations, and refurbishment services. Further, it provides platform screen doors; pantographs; window assemblies; couplers; accessibility lifts and ramps for buses and subway cars; and traction motors. The company was founded in 1869 and is headquartered in Pittsburgh, Pennsylvania.
Westinghouse Air Brake Technologies Trading Up 1.8 %
Shares of WAB Stock opened at $96.24 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.27 and a quick ratio of 0.67. Westinghouse Air Brake Technologies has a 1-year low of $78.26 and a 1-year high of $100.04. The business's fifty day moving average price is $87.31 and its 200 day moving average price is $90.00. The firm has a market capitalization of $17.58 billion, a PE ratio of 28.14, a P/E/G ratio of 1.49 and a beta of 1.53.
Westinghouse Air Brake Technologies (NYSE:WAB - Get Rating) last announced its quarterly earnings results on Friday, August 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.01. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.07 billion. Westinghouse Air Brake Technologies had a net margin of 7.99% and a return on equity of 8.57%. The company's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.06 earnings per share. As a group, sell-side analysts forecast that Westinghouse Air Brake Technologies will post 4.89 EPS for the current fiscal year.
Westinghouse Air Brake Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, August 29th. Shareholders of record on Monday, August 15th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Friday, August 12th. Westinghouse Air Brake Technologies's dividend payout ratio is currently 17.54%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. Atlantic Securities began coverage on Westinghouse Air Brake Technologies in a report on Monday, May 23rd. They set an "overweight" rating and a $101.00 price target for the company. Morgan Stanley raised their price objective on shares of Westinghouse Air Brake Technologies from $84.00 to $87.00 and gave the company an "equal weight" rating in a research note on Monday, August 8th. Wolfe Research upgraded Westinghouse Air Brake Technologies from an "underperform" rating to a "market perform" rating in a report on Thursday, April 28th. Finally, StockNews.com upgraded Westinghouse Air Brake Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, May 1st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $100.00.