Make Sure You Stick With Westinghouse Air Brake Technologies Corp (WAB). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Wabtec Announces First Quarter 2024 Earnings Release Date.

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Stocks Info

Westinghouse Air Brake Technologies Corp is listed on the NYSE in the Industrials sector while operating in the Railroads industry. At the end of the last regular session, the stock closed at $148.20 and fluctuated between $148.40 as its day high and $145.52 as its day low. The current market capitalization of Westinghouse Air Brake Technologies Corp is $26.24B. A total of 1.04 million shares were traded on the day, compared to an average of 1.02M shares.

In the most recent transaction, Theophilus Nicole B sold 2,668 shares of WAB for 140.46 per share on Mar 15 ’24. After the transaction, the EVP & Chief H.R. Officer now owns 24,792 company shares. In a previous transaction on Mar 14 ’24, Santana Rafael sold 40,219 shares at 140.62 per share. WAB shares that President and CEO owns now total 123,019.

Among the insiders who sold shares, Schweitzer Pascal disposed of 6,000 shares on Mar 11 ’24 at a per-share price of $140.61. This resulted in the President Transit holding 16,633 shares of WAB after the transaction. In another insider transaction, Theophilus Nicole B sold 3,000 shares at $137.26 per share on Feb 22 ’24. Company shares held by the EVP & Chief H.R. Officer now total 22,354.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Westinghouse Air Brake Technologies Corp pays an annual dividend of $0.71, resulting in a dividend yield of 0.48%, and it has a price to earnings (P/E) ratio of 32.63. WAB’s most recent ex-dividend date was 2/22/2024 when it declared a $0.20 quarterly dividend that was paid in cash on 3/8/2024. Previously, the company paid the dividend on 11/29/2023 with an ex-dividend date of 11/14/2023. The WAB stock dividend was $0.17 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, WAB has a high of $146.43 and a low of $91.89.

As of this writing, WAB has an earnings estimate of $1.49 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $1.54 per share and a lower estimate of $1.39. The company reported an EPS of $1.7 in the last quarter, which was 16.40% higher than expectations of $1.46.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. WAB’s latest balance sheet shows that the firm has $473.00M in Cash & Short Term Investments as of fiscal 2021. There were $4.06B in debt and $2.91B in liabilities at the time. Its Book Value Per Share was $58.98, while its Total Shareholder’s Equity was $10.24B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WAB is Buy with a score of 4.30.

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