Westinghouse Air Brake Technologies (NYSE:WAB – Get Free Report) posted its quarterly earnings data on Wednesday. The transportation company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.08, RTT News reports. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Westinghouse Air Brake Technologies had a net margin of 9.94% and a return on equity of 12.05%. Westinghouse Air Brake Technologies’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.41 earnings per share. Westinghouse Air Brake Technologies updated its FY 2024 guidance to 7.200-7.500 EPS and its FY24 guidance to $7.20-7.50 EPS.
Westinghouse Air Brake Technologies Stock Up 0.4 %
Shares of Westinghouse Air Brake Technologies stock traded up $0.57 during trading hours on Friday, reaching $159.70. The company’s stock had a trading volume of 832,446 shares, compared to its average volume of 1,088,531. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.77 and a current ratio of 1.38. The stock’s fifty day simple moving average is $163.56 and its two-hundred day simple moving average is $150.25. The company has a market capitalization of $28.17 billion, a P/E ratio of 31.09, a P/E/G ratio of 1.38 and a beta of 1.29. Westinghouse Air Brake Technologies has a one year low of $98.70 and a one year high of $170.83.
Westinghouse Air Brake Technologies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.80 annualized dividend and a yield of 0.50%. Westinghouse Air Brake Technologies’s payout ratio is 15.63%.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on Westinghouse Air Brake Technologies
Insider Buying and Selling
In other Westinghouse Air Brake Technologies news, EVP Gregory Sbrocco sold 1,646 shares of Westinghouse Air Brake Technologies 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 completion of the transaction, the executive vice president now owns 16,666 shares in the company, valued at approximately $2,788,221.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Albert J. Neupaver sold 29,100 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $161.63, for a total transaction of $4,703,433.00. Following the transaction, the director now directly owns 595,412 shares of the company’s stock, valued at $96,236,441.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gregory Sbrocco sold 1,646 shares of the business’s 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 transaction, the executive vice president now owns 16,666 shares in the company, valued at $2,788,221.80. The disclosure for this sale can be found here. Insiders have sold 36,746 shares of company stock worth $5,955,249 in the last quarter. Insiders own 1.10% of the company’s stock.
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.
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