|Bid||73.01 x 800|
|Ask||74.78 x 800|
|Day's Range||72.00 - 74.96|
|52 Week Range||35.07 - 84.32|
|Beta (5Y Monthly)||1.67|
|PE Ratio (TTM)||34.37|
|Earnings Date||May 03, 2021 - May 07, 2021|
|Forward Dividend & Yield||0.48 (0.66%)|
|Ex-Dividend Date||Feb 11, 2021|
|1y Target Est||84.33|
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...
Right now, Westinghouse Air Brake Inc. (NYSE:WAB) share price is at $75.01, after a 4.15% gain. Moreover, over the past month, the stock fell by 6.79%, but in the past year, increased by 0.96%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session. Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently below from its 52 week high by 11.04%. The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings. View more earnings on WAB Depending on the particular phase of a business cycle, some industries will perform better than others. Compared to the aggregate P/E ratio of the 144.3 in the Machinery industry, Westinghouse Air Brake Inc. has a lower P/E ratio of 29.53. Shareholders might be inclined to think that the stock might perform worse than its industry peers. It's also possible that the stock is undervalued. There are many limitations to P/E ratio. It is sometimes difficult to determine the nature of the earnings makeup of a company. Shareholders might not get what they're looking for, from trailing earnings. See more from BenzingaClick here for options trades from BenzingaRecap: Westinghouse Air Brake Q4 EarningsEarnings Scheduled For February 18, 2021© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Wabtec (NYSE: WAB) could develop more battery electric locomotives in the future as prospective buyers eye ways to improve fuel efficiency, executives of the rail technology provider said during the company's fourth-quarter earnings call on Thursday. BNSF (NYSE: BRK-B) is conducting advanced tests on what Wabtec calls "the world's first battery electric locomotive," which the Pittsburgh-headquartered rail technology provider has dubbed FLXdrive. The heavy-haul locomotive could potentially reduce fuel consumption by 10% to 30%, and the technology is attracting interest from customers in North America and internationally, according to Wabtec President and CEO Rafael Santana. Sales of the battery electric locomotive wouldn't occur immediately. Proposals are out but there have not been any sales in 2021 or 2022 as of yet, Santana said. "Fuel is one of the biggest costs for our customers. I would say they are heavily focused on driving fuel efficiency across their operations," Santana told investors and analysts during Thursday's earnings call. "This, combined with the growing focus on ESG [environmental, social and governance] and the need for decarbonization, I think positions the FLXdrive as a unique product to really address the challenges." The prospect of producing more battery electric locomotives comes as Wabtec experienced a "very significant drop" in locomotive production in the fourth quarter of 2020. The company reported net income of $87.9 million, or 46 cents per diluted share, in the fourth quarter of 2020, compared with $135.7 million, or 71 cents per diluted share, in the fourth quarter of 2019. "As we go into '21, we have about a 35% reduction in locomotive volumes, which means no deliveries for North America and that's the first time it happens in decades," Santana said. That contributed to Wabtec's decision to undertake significant restructuring at several U.S. facilities. Wabtec also reduced employee headcount across its divisions by 12% in 2020, and it reduced its operational footprint by 10%. As 2021 progresses, the company said Wabtec and its customers expect an "uneven yet sequential recovery" as the global economy emerges from the COVID-19 pandemic. Wabtec's technological footprint has expanded in key regions such as the Americas, Russia, the Commonwealth of Independent States and India, and it secured a "strategic" international locomotive order in the fourth quarter of 2020. "Demand for reliability and productivity will only accelerate as we continue to differentiate Wabtec in the market. Quarter-to-date, we closed a significant multiyear order for modernizations and long-term service agreements" for modernizations, overhauls and parts services, Santana said. Wabtec is seeking to increase global interest for its positive train control (PTC) offerings, and the company said it has contracts in 2021 to install upgrades to Wabtec's Trip Optimizer systems. The ability to utilize PTC to enable autonomous trains is within reach, and technological products are available to make that leap although there might be some differences with how the Class I railroads would implement that next stage, according to Santana. "I don't think the technology is the bottleneck," Santana said. FInancial results for the fourth quarter of 2020 Fourth-quarter net profit slipped 35% as lower operating expenses weren't enough to offset a decline in sales and gross profit. Net sales were $2 billion in the fourth quarter of 2020, compared with $2.37 billion in the prior year amid lower sales in Wabtec's freight equipment, components, digital electronics and transit aftermarket segments. Gross profit was $505.5 million, compared with $674.9 million in the fourth quarter of 2019. Operating expenses were $344.4 million in the fourth quarter of 2020, compared with $448.8 million year-over-year. (Wabtec) Subscribe to FreightWaves' e-newsletters and get the latest insights on freight right in your inbox. Click here for more FreightWaves articles by Joanna Marsh. Related articles: BNSF, Wabtec put battery-electric locomotive to the test Rail manufacturers Wabtec and Greenbrier share plans to fight climate change Wabtec eyes international demand for freight services Wabtec to reduce headcount as rail industry copes with lower volumes See more from BenzingaClick here for options trades from BenzingaThe Big Get Bigger In Public Dry Bulk ShippingDana Books Half Of 0M Backlog From Electrification Contracts© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.