Westinghouse Air Brake Technologies Corporation (NYSE: WAB) on January 24, 2023, started off the session at the price of $102.77, soaring 1.12% from the previous trading day. During the day, the shares moved up to $106.39 and dropped to $102.77 before settling in for the closing price of $103.83. Within the past 52 weeks, WAB’s price has moved between $78.26 and $105.51.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 21.70%. The company achieved an average annual earnings per share of 36.20%. With a float of $174.07 million, this company’s outstanding shares have now reached $181.30 million.
Considering the fact that the conglomerate employs 25000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +27.29, operating margin of +12.20, and the pretax margin is +9.42.
Westinghouse Air Brake Technologies Corporation (WAB) Insider Activity
Observing investor behavior towards Railroads industry stocks is more important than anything else. The insider ownership of Westinghouse Air Brake Technologies Corporation is 0.50%, while institutional ownership is 94.70%. The most recent insider transaction that took place on Nov 22, was worth 498,372. In this transaction Exec VP, General Counsel, Sec. of this company sold 5,000 shares at a rate of $99.67, taking the stock ownership to the 66,250 shares. Before that another transaction happened on Nov 15, when Company’s Pres., Freight Components Grp. sold 11,624 for $100.01, making the entire transaction worth $1,162,514. This insider now owns 37,120 shares in total.
Westinghouse Air Brake Technologies Corporation (WAB) Earnings and Forecasts
As on 6/29/2022, Multinational firm has announced its last quarter scores, in which it reported $1.23 earnings per share (EPS) for the period topping the consensus outlook (set at $1.22) by $0.01. This company achieved a net margin of +7.11 while generating a return on equity of 5.47. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.31 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 36.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.30% during the next five years compared to -2.40% drop over the previous five years of trading.
Westinghouse Air Brake Technologies Corporation (NYSE: WAB) Trading Performance Indicators
Westinghouse Air Brake Technologies Corporation (WAB) is currently performing well based on its current performance indicators. A quick ratio of 0.70 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.31. Likewise, its price to free cash flow for the trailing twelve months is 26.72.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.59, a number that is poised to hit 1.28 in the next quarter and is forecasted to reach 5.43 in one year’s time.
Technical Analysis of Westinghouse Air Brake Technologies Corporation (WAB)
Compared to the last year’s volume of 0.82 million, its volume of 0.72 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 67.80%. Additionally, its Average True Range was 2.15.
During the past 100 days, Westinghouse Air Brake Technologies Corporation’s (WAB) raw stochastic average was set at 94.83%, which indicates a significant increase from 79.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.04% in the past 14 days, which was lower than the 27.10% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $100.99, while its 200-day Moving Average is $91.80. Nevertheless, the first resistance level for the watch stands at $106.66 in the near term. At $108.34, the stock is likely to face the second major resistance level. The third major resistance level sits at $110.28. If the price goes on to break the first support level at $103.04, it is likely to go to the next support level at $101.10. Should the price break the second support level, the third support level stands at $99.42.
Westinghouse Air Brake Technologies Corporation (NYSE: WAB) Key Stats
Market capitalization of the company is 18.76 billion based on 181,868K outstanding shares. Right now, sales total 7,822 M and income totals 558,000 K. The company made 2,081 M in profit during its latest quarter, and 160,000 K in sales during its previous quarter.