Westinghouse Air Brakeの空売り状況は、投資家がWestinghouse Air Brakeの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

Westinghouse Air Brake (NYSE:WAB) 株価情報, 空売り情報

Westinghouse Air Brake

Westinghouse Air Brake Technologies Corp is a provider of value-added, technology-based products and services for the freight rail and passenger transit industries, and the mining, marine, and industrial markets. It provides its products and services through two main business segments, Freight and Transit. The company generates maximum revenue from the Freight segment which manufactures new and modernized locomotives, provides aftermarket parts and services to existing locomotives; provides components to new and existing freight cars; builds new commuter locomotives; supplies rail control and infrastructure products including electronics, positive train control equipment, signal design and engineering services. Geographically, it generates a majority of its revenue from the United States.

Westinghouse Air Brake Technologies Corporation Common Stock

Westinghouse Air Brake Technologies Corp

Westamerica Bancorporation - Common Stock

Westamerica Bancorp

Western Asset Bond ETF

Wabi

WABASH NATL ORD

WABTEC ORD

Wabash National Corp

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/11/07/final-trades-wabtec-clearway-energy-toast-and-the-cibr.html">Halftime Report Final Trades</a>,&#8221; Jim Lebenthal of Cerity Partners named Westinghouse Air Brake Technologies Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>), which set a new <a href="https://www.benzinga.com/quote/WAB/earnings">high on Wednesday</a>.
On Oct. 23, Westinghouse Air Brake reported quarterly earnings of $2.00 per share which beat the analyst consensus estimate of $1.90 per share. The company reported quarterly sales of $2.663 billion which missed the analyst consensus estimate of $2.692 billion.
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management picked Clearway Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWEN#NYSE">CWEN</a>), which has a 6.2% yield.
On Oct. 30, Clearway Energy reported quarterly earnings of 31 cents per share, an increase from 3 cents per share in the year-ago period. The company reported $486.00 million in sales for the quarter.
 Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
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On Nov. 7, Toast reported better-than-expected third-quarter financial results. The company reported quarterly earnings of 7 cents per share which beat the analyst consensus estimate of 1 cent per share. The company reported quarterly sales of $1.30 billion which beat the analyst consensus estimate of $1.29 billion.
Price Action:
<ul>
<li>Westinghouse Air Brake Technologies shares fell 0.8% to close at $198.72 during Thursday's session.</li>
<li>Clearway Energy shares rose 3.1% to settle at $27.67 during Thursday's session.</li>
<li>First Trust NASDAQ Cybersecurity ETF gained 1.3% during Thursday's session.</li>
<li>Toast shares gained 1.7% to close at $32.67 on Thursday.</li>
</ul>
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Shares of machinery companies are trading higher. Investors may be reacting to the US presidential election and its impact on the industry.

Across the recent three months, 4 analysts have shared their insights on Westinghouse Air Brake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>), expressing a variety of opinions spanning from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Westinghouse Air Brake, presenting an average target of $213.0, a high estimate of $222.00, and a low estimate of $205.00. Marking an increase of 9.09%, the current average surpasses the previous average price target of $195.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1729792832_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Westinghouse Air Brake. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Justin Long</td>
<td>Stephens &amp; Co.</td>
<td>Raises</td>
<td>Overweight</td>
<td>$205.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Bascome Majors</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$222.00</td>
<td>$220.00</td>
</tr>
<tr>
<td>Jerry Revich</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$205.00</td>
<td>$181.00</td>
</tr>
<tr>
<td>Bascome Majors</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$220.00</td>
<td>$190.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Westinghouse Air Brake. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Westinghouse Air Brake compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Westinghouse Air Brake's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Westinghouse Air Brake's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/WAB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Westinghouse Air Brake analyst ratings.</a>
<h2>Discovering Westinghouse Air Brake: A Closer Look</h2>
Westinghouse Air Brake Technologies Corp is a provider of value-added, technology-based products and services for the freight rail and passenger transit industries, and the mining, marine, and industrial markets. It provides its products and services through two main business segments, Freight and Transit. The company generates maximum revenue from the Freight segment which manufactures new and modernized locomotives, provides aftermarket parts and services to existing locomotives; provides components to new and existing freight cars; builds new commuter locomotives; supplies rail control and infrastructure products including electronics, positive train control equipment, signal design and engineering services. Geographically, it generates a majority of its revenue from the United States.
<h3>Financial Insights: Westinghouse Air Brake</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Westinghouse Air Brake's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 9.85%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Westinghouse Air Brake's net margin excels beyond industry benchmarks, reaching 10.93%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Westinghouse Air Brake's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.76%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Westinghouse Air Brake's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.54% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a below-average debt-to-equity ratio of 0.38, Westinghouse Air Brake adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Analyst Ratings: Simplified</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Evaluating Westinghouse Air Brake: Insights From 4 Financial Analysts

Susquehanna analyst Bascome Majors maintains Westinghouse Air Brake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) with a Positive and raises the price target from $220 to $222.

Price Target

Susquehanna Maintains Positive on Westinghouse Air Brake, Raises Price Target to $222

Goldman Sachs analyst Jerry Revich maintains Westinghouse Air Brake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) with a Neutral and raises the price target from $181 to $205.

Goldman Sachs Maintains Neutral on Westinghouse Air Brake, Raises Price Target to $205

Stephens &amp; Co. analyst Justin Long maintains Westinghouse Air Brake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) with a Overweight and raises the price target from $190 to $205.

Stephens & Co. Maintains Overweight on Westinghouse Air Brake, Raises Price Target to $205

2024 Financial&nbsp;Guidance
<ul>
<li>Wabtec raised and tightened its 2024 adjusted EPS&nbsp;guidance&nbsp;to be in the range of&nbsp;$7.45&nbsp;to&nbsp;$7.65. Wabtec&#39;s revenue&nbsp;guidance&nbsp;range remains unchanged at&nbsp;$10.25 billion&nbsp;to&nbsp;$10.55 billion.</li>
<li>For full year 2024, Wabtec expects operating cash flow conversion of greater than&nbsp;90 percent.</li>
</ul>

Earnings

Guidance

Wabtec Raised And Tightened Its 2024 Guidance For Adjusted EPS To $7.45-$7.65 (Prior $7.20 -$7.50) Vs. $7.49 Consensus; Reaffirmed Sales Outlook Of $10.25B-$10.55B Vs. $10.343B Consensus

Westinghouse Air Brake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) reported quarterly earnings of $2.00 per share which beat the analyst consensus estimate of $1.90 by 5.26 percent. This is a 17.65 percent increase over earnings of $1.70 per share from the same period last year. The company reported quarterly sales of $2.663 billion which missed the analyst consensus estimate of $2.692 billion by 1.07 percent. This is a 4.43 percent increase over sales of $2.550 billion the same period last year.

Earnings Beats

Earnings Misses

Westinghouse Air Brake Q3 2024 Adj. EPS $2.00 Beats $1.90 Estimate, Sales $2.663B Miss $2.692B Estimate

Susquehanna analyst Bascome Majors maintains Westinghouse Air Brake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) with a Positive and raises the price target from $190 to $220.

Susquehanna Maintains Positive on Westinghouse Air Brake, Raises Price Target to $220

Wabtec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) announced today a $405-million agreement to supply Evolutions Series ES44ACi locomotives to Kazakhstan Temir Zholy (KTZ). The new locomotives will upgrade KTZ's aging fleet and support growing rail demand in the region.
"Kazakhstan has a progressive and open-thinking local government that understands the importance of railways in driving the local economy," said Gokhan Bayhan, Wabtec's Regional Senior Vice President, Operations for CIS, Europe, Middle East, and Africa. "KTZ serves as a critical link for the transportation of freight between China and the West. These Evolution Series locomotives will provide the efficiency, reliability, and operational savings to effectively support the growing demand on the Trans-Caspian International Transport Route."
The locomotive features a 12-cylinder, 4,500-horsepower Evolution Series engine, which provides a high horsepower and low life-cycle costs, improving performance in heavy-haul operations. It is designed to operate in the demanding extreme weather conditions and mountainous terrain of Kazakhstan. The ES44ACi can operate for longer periods between maintenance overhauls than the aging locomotives in KTZ's fleet.
The new locomotives will be built at Wabtec's Lokomotiv Kurastyru Zauyty plant in Astana. The plant meets all global quality standards, such as MC ISO 9001-2015, and employs over 700 people.
"This order builds upon Wabtec's strong relationship with KTZ to transform Kazakhstan's rail industry," said Bayhan. "For more than 20 years, we have been working together to position the country as a rail hub in the CIS region. Our companies continue to explore opportunities that improve the fleet and overall efficiency of the rail ecosystem."
Wabtec will begin delivering the first locomotives from the order next year. The new additions will join a fleet of approximately 451 Evolution Series freight locomotives already operating in KTZ's fleet.

Government

Regulations

Wabtec Secures $405M Deal To Supply Next-Gen Locomotives To Kazakhstan Railway

<a href="https://www.wabteccorp.com/newsroom/press-releases/wabtec-to-supply-passenger-information-systems-for-munich-s-bahn-trains">https://www.wabteccorp.com/newsroom/press-releases/wabtec-to-supply-passenger-information-systems-for-munich-s-bahn-trains</a>
&nbsp;
Wabtec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) announced today a letter of intent with Siemens Mobility to supply passenger information systems for Munich S-Bahn trains. The multi-million-euro agreement will provide the new Siemens trains with systems that deliver an improved and intuitive passenger experience.
"The Munich S-Bahn is one of the busiest transit systems in Germany, and those commuters rely on easy access to information each day to simplify their journey," said Pascal Schweitzer, President of Transit, Wabtec. "The state-of-the-art system will provide comprehensive, real-time information for an enhanced passenger experience. This solution is a tribute to the close collaboration with Siemens Mobility and Deutsche Bahn to define the best fit for fulfilling the operator's needs and solving technical challenges."
The agreement is a result of a close working relationship between Wabtec and Siemens Mobility engineering teams to meet the requirements of the Munich S-Bahn and provide passengers with better information. The two companies have a strong track record of leading major projects across Deutsche Bahn's network. Most recently, Wabtec worked with Siemens Mobility on integrating the passenger information system for the VELARO MS II project.
Wabtec will supply Siemens Mobility the passenger information systems for 90 S-Bahn trains starting in late 2025. The systems, to be built at Wabtec's site in Brunnthal, Germany, will feature high resolution, full-color LED and TFT displays. The screens will be located above the doors both inside and outside the car, on the ceiling, and in the transitions between the cars. The system will track the course of the journey and provide information about the stations and the occupancy of the respective train. In addition, the systems feature Bluetooth&#xAE; Auracast&#x2122; technology built into the audio solution to improve the journey for hearing-impaired passengers.
The new S-Bahn trains ordered at Siemens Mobility for Munich offer more space, greater comfort, and many innovations. The first trains are scheduled to enter passenger service at the end of 2028. For the first time in Germany, completely integrated S-Bahn trains with a total length of more than 200 meters will be in use, providing capacity for more than 1800 passengers. With the order, the State of Bavaria and the Munich S-Bahn are preparing for expected passenger growth in the coming decades and for the planned mobility transition. The trains are highly energy-efficient, require little maintenance, and receive software updates via the cloud.

Global

'Wabtec To Supply Passenger Information Systems For Munich S-Bahn Trains'

Westinghouse Air Brake's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) short percent of float has fallen 8.9% since its last report. The company recently reported that it has 2.67 million shares sold short, which is 1.74% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.2 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Westinghouse Air Brake Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727787615_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Westinghouse Air Brake has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Westinghouse Air Brake's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Westinghouse Air Brake's peer group average for short interest as a percentage of float is 5.95%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Westinghouse Air Brake's Recent Short Interest

United Airlines (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) is benefiting from upbeat air travel demand. UAL&#39;s proactive measures toward sustainability and innovation are praiseworthy. However, weakness in liquidity and increased operating expenses are hurting the company&#39;s prospects.
<h3>Factors Favoring UAL</h3>
United Airlines&#39; commitment to sustainability is commendable. The airline aims to achieve net-zero greenhouse gas emissions by 2050 and has purchased more sustainable fuel than any other U.S. airline in 2023.
In September, UAL and the San Francisco 49ers (American football team) announced that the team has become the first in the National Football League to purchase sustainable aviation fuel (SAF). An alternative to conventional jet fuel, SAF can bring down greenhouse gas emissions by up to 85% over its entire lifecycle, from production to end-use.
UAL&#39;s top line is benefiting from buoyant air travel demand. In the second quarter of 2024, United Airlines saw a 5.5% increase in Revenue Passenger Miles and an 8.3% rise in capacity, measured by Available Seat Miles. The company anticipates this positive trend will continue, with management projecting third-quarter earnings per share in the range of $2.75-$3.25. For the full year, UAL expects EPS to fall between $9 and $11.
United Airlines&#39; proactive efforts to enhance its connectivity and meet the growing demand for travel is encouraging. The airline introduced 12 new domestic routes connecting major cities across the United States and Canada. It announced nearly 200 new flights to Milwaukee and Chicago. This expansion not only benefits travelers but also strengthens United Airlines&#39; position in the competitive aviation market.
Shares of UAL have rallied 20.5% in the past year compared with its&nbsp;<a href="https://www.zacks.com/stocks/industry-rank/industry/transportation-airline-187">industry</a>&#39;s growth of 17.4% in the same period.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/16/79653.jpg?v=315210470" style="height:314px; width:624px" /> 
Image Source: Zacks Investment Research
<h3>UAL: Key Risks To Watch</h3>
The surge in operating expenses is adversely impacting the company&#39;s bottom line, driven by increased labor costs and fuel expenses. In the second quarter of 2024, operating expenses surged by 3.1% year over year.
Labor costs, comprising salaries and benefits, which represent 31.4% of total operating costs, increased by 10.5% year over year. Aircraft fuel expenses rose by 11.1% year over year, pushing up the total operating costs.
United Airlines exited the second quarter of 2024 with a current ratio (a measure of liquidity) of 0.77. A current ratio of less than 1 indicates that the company is likely to struggle to meet its short-term obligations. Reduced pricing power is another concern.
<h3>Zacks Rank</h3>
UAL currently carries a Zacks Rank #3 (Hold).
<h3>Stocks&nbsp;To Consider</h3>
Some better-ranked stocks for investors&#39; consideration in the Zacks <a href="https://www.zacks.com/stocks/industry-rank/sector/transportation-15">Transportation</a> sector include C.H. Robinson Worldwide (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) and Westinghouse Air Brake Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>).
C.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy). You can see&nbsp;<a href="https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&amp;ICID=zpi%20_1link">the complete list of today&#39;s Zacks #1 Rank stocks here</a>. &nbsp;CHRW has an expected earnings growth rate of 25.2% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 26.5% in the past year. 
WAB carries a Zacks Rank #2 (Buy) at present and has an expected earnings growth rate of 26% for the current year.
The company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed once. The average beat is 11.8%. Shares of WAB have climbed 73.2% in the past year.
<a href="https://www.zacks.com/stock/news/2343259/here-s-why-investors-should-retain-united-airlines-stock-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2343259">To read this article on Zacks.com click here.</a>

Travel

Sports

General

CHRW

Here's Why Investors Should Retain United Airlines Stock Now

Live On CNBC, Jim Lebenthal Announces Bought Westinghouse Air Brake Technologies

INDA

Indian Railways-Wabtec JV's Marhowra Plant To Begin Exporting Evolution Series Locomotives To Africa By 2025

Westinghouse Air Brake Technologies Corporation&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>), operating as Wabtec Corporation, top line is bolstered by its robust segmental performance. The shareholder-friendly approach bodes well for the company. Due to the tailwinds, WAB shares have performed impressively on the bourse. If you have not taken advantage of its share price appreciation yet, it&#39;s time to do so.
Let&#39;s delve deeper.
<h2>Factors Favoring WAB Stock</h2>
Robust Price Performance:&nbsp;A look at the company&#39;s price trend reveals that its shares have surged 66.8% over the past year, surpassing the&nbsp;industry&#39;s 47.2% rise.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/65/78826.jpg?v=1134675" />
Image Source: Zacks Investment Research
Northward Estimate Revisions: The Zacks Consensus Estimate for earnings per share has been revised upward by 5.1% over the past 60 days for the current quarter. For the current year, the consensus mark for earnings per share has moved 1.6% north in the same time frame. The favorable estimate revisions indicate brokers&#39; confidence in the stock.
Solid Zacks Rank: WAB currently carries a Zacks Rank #2 (Buy).
Positive Earnings Surprise History: Wabtec has an encouraging earnings surprise history. The company&#39;s earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters (missed the mark in the remaining quarter), delivering an average surprise of 11.8%.
Bullish Industry Rank: The industry to which Wabtec belongs currently has a Zacks Industry Rank of 63 (out of 251). Such a favorable rank places it in the top 25% of Zacks industries.Studies show that 50% of a stock price movement is directly related to the performance of the industry group it belongs to.
A mediocre stock within a strong group is likely to outclass a robust stock in a weak industry. Reckoning the industry&#39;s performance becomes imperative.
Growth Drivers: Wabtec is benefiting from the robust performance of its Freight and Transit segments, boosting its top line. The Freight segment is benefiting from growth in services and components, while the Transit segment is seeing strong aftermarket and original equipment manufacturing sales.
The company&#39;s commitment to rewarding its shareholders through dividends is commendable. In the second quarter of 2024, WAB paid out a dividend of 20 cents to its shareholders.
WAB expects to continue its strong performance due to solid underlying demand and a robust backlog. With this positive outlook, management has updated its current-year revenue and earnings per share guidance. Wabtec raised its 2024 adjusted EPS forecast to a range of $7.20-$7.50, up from the previous range of $7.00-$7.40. The Zacks Consensus Estimate for 2024 earnings is currently pegged at $7.46.
Meanwhile, Wabtec kept its revenue guidance unchanged, maintaining a range of $10.25-$10.55 billion. The Zacks Consensus Estimate for 2024 revenues is currently pegged at $10.39 billion, just below the midpoint of the guided range.
<h2>Other Stocks to Consider </h2>
Investors interested in the Zacks Transportation sector may also consider C.H. Robinson Worldwide&nbsp;and Air Transport Service Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atsg#NASDAQ">ATSG</a>).
C.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy).&nbsp;CHRW has an expected earnings growth rate of 25.2% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 39.2% in the past six months.
ATSG carries a Zacks Rank #2 at present and has an expected earnings growth rate of 12% for the current year.
The company has a mixed track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in two of the trailing four quarters and missing twice. The average miss is 7.7%. Shares of ATSG have climbed 18.9% in the past six months.
<a href="https://www.zacks.com/stock/news/2339962/here-s-why-you-should-add-wabtec-stock-to-your-portfolio-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2339962">To read this article on Zacks.com click here.</a>

Large Cap

Dividends

Small Cap

Management

ATSG

Here's Why You Should Add Wabtec Stock to Your Portfolio Now

Werner Enterprises&#39; (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wern#NASDAQ">WERN</a>) top line is grappling with a freight market downturn, hurting the company&#39;s prospects. Elevated operating expenses are challenging the company&#39;s financial stability. Escalated labor and fuel costs are hurting WERN&#39;s bottom line, making it an unattractive choice for investors&#39; portfolios.
Let&#39;s delve deeper.
<h2>WERN: Risks to Watch</h2>
Southward Earnings Estimate Revision:The Zacks Consensus Estimate for current-quarter earnings has been revised 33.3% downward in the past 60 days. For the current year, the consensus mark for earnings has moved 26% south in the same time frame. The unfavorable estimate revisions indicate brokers&#39; lack of confidence in the stock.
Weak Zacks Rank: Werner Enterprises currently carries a Zacks Rank #5 (Strong Sell).
Unimpressive Price Performance: WERN shares have declined 7% in the past year against the industry&#39;s 0.2% rise.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f1/78379.jpg?v=444018168" />
Image Source: Zacks Investment Research
Bearish Industry Rank: The industry to which Werner Enterprises belongs currently has a Zacks Industry Rank of 222 (out of 251). Such an unfavorable rank places it in the bottom 11% of Zacks Industries.Studies show that 50% of a stock price movement is directly related to the performance of the industry group it belongs to.
A mediocre stock within a strong group is likely to outclass a robust stock in a weak industry. Reckoning the industry&#39;s performance becomes imperative.
High Costs:&nbsp; High operating expenses are hurting WERN&#39;sbottom line, challenging its financial stability. The surge in operating expenses was caused by increased labor and fuel costs. In the second quarter of 2024, labor costs, comprising salaries and benefits, accounting for 35.1% of the total operating expenses, amounted to $741.2 million. Fuel costs totaled $72 million.
The freight market downturn does not bode well for the company&#39;s prospects. As a result, the top line fell by 6% year over year.
The persistent driver crisis in the trucking industry is worsening supply-chain challenges across the United States. Driver scarcity issues limit trucking capacity, making it difficult for trucking companies like WERN. American Trucking Associations&#39; chief economist, Bob Costello, expects the trucking industry to be short of more than&nbsp;160,000 drivers by 2030.
<h2>Stocks to Consider</h2>
Some better-ranked stocks for investors&#39; consideration in the Zacks Transportation sector include C.H. Robinson Worldwide (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) and Westinghouse Air Brake Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>).
C.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy).&nbsp;CHRW has an expected earnings growth rate of 25.2% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 14.2% in the past year.
WAB carries a Zacks Rank #2 (Buy) at present and has an expected earnings growth rate of 26% for the current year.
The company has a discouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. The average beat is 11.8%. Shares of WAB have climbed 61% in the past year.
<a href="https://www.zacks.com/stock/news/2338348/here-s-why-investors-should-give-wern-stock-a-miss-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2338348">To read this article on Zacks.com click here.</a>

Mid Cap

WERN

Here's Why Investors Should Give WERN Stock a Miss Now

Shares of Pittsburgh, PA-based company Westinghouse Air Brake Technologies Corporation, operating as Wabtec Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>), have been benefiting from its consistent shareholder-friendly initiatives, as well as strength across its Freight and Transit segments. Bullish full-year 2024 earnings guidance looks encouraging and raises optimism about the stock.
The positive sentiment surrounding WAB stock is evident from the fact that the Zacks Consensus Estimate for the third quarter and full-year 2024 earnings has been revised upward in the past 60 days. The Zacks Consensus Estimate for third-quarter and full-year 2024 earnings per share&nbsp;indicates growth of 9.4% and 26% from the respective 2023 figures.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f1/78187.jpg?v=353666507" style="height:310px; width:600px" />
Image Source: Zacks Investment Research
The company&#39;s long-term (three-to-five years) earnings growth rate is 16.1%, higher than its industry&#39;s 13.4%.
Let&#39;s delve deeper.
<h2>Solid Financial Returns for Shareholders</h2>
Highlighting its pro-investor stance, Wabtec (on Feb. 14, 2024) announced a 17.6% dividend increase, thereby raising its quarterly cash dividend from 17 cents per share to 20 cents. This quarterly dividend of 20 cents (80 cents annualized) per share gives Wabtec a 0.47% yield at the current stock price. This company&#39;s payout ratio is 11%, with a five-year dividend growth rate of 12.34%.
<div class="chart_embed">
<h3>Westinghouse Air Brake Technologies Corporation Dividend Yield</h3>
<img alt="screenshot_2024-09-18_145724.jpg" src="https://www.benzinga.com/files/u1593113/screenshot_2024-09-18_145724.jpg" style="height:306px; width:620px" />
Westinghouse Air Brake Technologies Corporation dividend-yield-ttm | Westinghouse Air Brake Technologies Corporation Quote
Wabtec&#39;s bottom line has been benefiting from its consistent efforts to reward its shareholders through dividends and share buybacks. In 2022, WAB paid dividends of $111 million and repurchased shares worth $473 million. In 2023, WAB paid dividends of $123 million and repurchased shares worth $409 million. During the first six months of 2024, WAB paid dividends of $71 million and repurchased shares worth $375 million. Such shareholder-friendly moves instill investors&#39; confidence and positively impact the company&#39;s bottom line.
</div>
Dividend-paying stocks provide a solid income stream and have fewer chances of experiencing wild price swings. Dividend stocks, like WAB, are safe bets for creating wealth, as the payouts generally act as a hedge against economic uncertainty like the current scenario.
<h2>Segmental Strength Boosts WAB&#39;s Top Line</h2>
Wabtec&#39;s top line has been benefiting from higher sales across its Freight and Transit segments. While the Freight segment benefits from growth in services and components, the transit segment gains from strong aftermarket and original equipment manufacturing sales.
WAB is expected to continue its strong performance due to strong underlying demand and a robust backlog.The ongoing summer season is expected to provide a further boost to revenues. The Zacks Consensus Estimate for WAB&#39;s third-quarter and fourth-quarter 2024 revenues is pegged at $2.64 billion and $2.61 billion, which indicates an improvement of 3.6% and 3.2% from 2023&#39;s actuals, respectively.
Driven by this encouraging backdrop, management raised its current-year EPS guidance. Wabtec raised 2024 EPS guidance to the range of $7.20-$7.50 from $7.00-$7.40 guided previously. The Zacks Consensus Estimate of $7.46 lies within the updated guided range.
Wabtec&#39;s full-year revenue guidance remains unchanged in the $10.25 billion-$10.55 billion band. The Zacks Consensus Estimate of $10.39 billion lies within the guided range.
<h2>WAB&#39;s Price Performance Soars High</h2>
Wabtec has an impressive earnings surprise history. The company&#39;s earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters (missed the mark in the remaining quarter), delivering an average surprise of 11.83%. Driven by this upbeat earnings performance and the positives mentioned above, WAB shares have gained 37.2% so far this year, outperforming its industry as well as the S&amp;P 500, of which the company is a key member.
Additionally, WAB&#39;s price performance so far this year compares favorably with that of other industry players like Ryder Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/r#NYSE">R</a>) and Air Lease Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/al#NYSE">AL</a>).
<h2>YTD Price Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/74/78188.jpg?v=895383158" style="height:310px; width:600px" />
Image Source: Zacks Investment Research
<h2>Some Other Tailwinds Working in Favor of WAB Stock</h2>
We are impressed with WAB&#39;s healthy balance sheet. The company&#39;s cash and equivalents increased to $595 million at the end of second-quarter 2024 from $371 million at the end of second-quarter 2023. Meanwhile, the long-term debt level has decreased to $3.5 billion at the end of second-quarter 2024 from $3.4 billion in the second quarter of 2023.
<h2>Long-Term Debt to Capitalization</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/07/78186.jpg?v=673179907" style="height:310px; width:600px" />
Image Source: Zacks Investment Research
<h2>Wrapping Up</h2>
Given the positives surrounding the WAB stock, as highlighted throughout the write-up, we believe that investors should add WAB stock to their portfolio for healthy returns. The Zacks Rank #2 (Buy) carried by the stock supports our thesis.
<a href="https://www.zacks.com/stock/news/2337744/wabtec-s-eps-estimates-northbound-time-to-buy-wab-stock?cid=CS-BENZ-FT-analyst_blog|rank_focused-2337744">To read this article on Zacks.com click here.</a>

Buybacks

Wabtec's EPS Estimates Northbound: Time to Buy WAB Stock?

American Airlines&#39; (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aal#NASDAQ">AAL</a>) efforts to expand and enhance its global network are commendable. The company&#39;s proactive initiative to create 500 new aviation jobs is serving well for the company and the economy. However, AAL has been grappling with soft market conditions and increased operating costs.
<h2>Factors Favoring AAL</h2>
American Airlines&#39; initiative to create nearly 500 new aviation maintenance jobs and expand heavy check maintenance work at its bases in Charlotte, NC; Pittsburgh, PA, and Tulsa, OK, represents a significant boost to both the company and the local economies. The addition of more than 385 licensed aviation maintenance technician positions highlights the airline&#39;s commitment to enhancing its maintenance capabilities and infrastructure. This expansion will not only strengthen AAL&#39;s maintenance operations but also contribute to job growth in these regions, offering high-paying, skilled positions.
The company&#39;s efforts to expand its network are encouraging. In August 2024, American Airlines announced five new routes to Europe, including nonstop flights to Edinburgh, Scotland, for the first time since 2019. This expansion underscores AAL&#39;s commitment to growing its extensive global network, providing customers with more diverse travel options and unique connections.
<h2>American Airlines: Risks to Watch</h2>
The northward movement in operating expenses is hurting AAL&#39;s bottom line, challenging its financial stability. The surge in operating expenses was caused by a rise in fuel and labor costs. In the second quarter of 2024, total operating expenses rose by 9% compared to the second-quarter 2023 actuals.
Labor costs, accounting for 30.5% of the total operating expenses, rose 8.8% year over year, whereas fuel expenses jumped by 12.4% year over year.
Soft economic conditions continue to adversely impact AAL&#39;s prospects. The company&#39;s high level of debt limits its financial flexibility.
Shares of American Airlines have declined 18% year over year against its industry&#39;s 25.4% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/21/77730.jpg?v=701390163" /> 
Image Source: Zacks Investment Research
<h2>Zacks Rank </h2>
AAL currently carries a Zacks Rank #3 (Hold).
<h2>Stocks to Consider</h2>
Some better-ranked stocks for investors&#39; consideration in the Zacks Transportation sector include C.H. Robinson Worldwide (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) and Westinghouse Air Brake Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>).
C.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy). CHRW has an expected earnings growth rate of 25.2% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 10.6% in the past year.
WAB carries a Zacks Rank #2 (Buy) at present and has an expected earnings growth rate of 26% for the current year.
The company has a discouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. The average beat is 11.8%. Shares of WAB have climbed 55.3% in the past year.
<a href="https://www.zacks.com/stock/news/2335974/here-s-why-investors-should-retain-american-airlines-stock-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2335974">To read this article on Zacks.com click here.</a>

Here's Why Investors Should Retain American Airlines Stock Now

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