Wabtec (NYSE:WAB) to Issue Quarterly Dividend of $0.31

Wabtec (NYSE:WAB) declared a quarterly dividend on Tuesday, May 12th. Investors of record on Friday, May 22nd will be given a dividend of 0.31 per share by the transportation company on Wednesday, June 3rd. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, May 22nd.

Wabtec has increased its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Wabtec has a dividend payout ratio of 12.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Wabtec to earn $12.19 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 10.2%.

Wabtec Stock Performance

NYSE WAB traded down $1.72 on Wednesday, reaching $267.31. 284,923 shares of the company’s stock traded hands, compared to its average volume of 902,110. The firm has a market cap of $45.36 billion, a price-to-earnings ratio of 37.81, a P/E/G ratio of 1.92 and a beta of 0.97. The stock has a 50 day moving average price of $255.58 and a 200-day moving average price of $234.24. Wabtec has a fifty-two week low of $184.26 and a fifty-two week high of $275.84. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02.

Wabtec (NYSE:WAB) last issued its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.09. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.08 billion. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Equities research analysts predict that Wabtec will post 10.61 EPS for the current fiscal year.

Analyst Ratings Changes

WAB has been the subject of a number of analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a $290.00 price objective (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. Susquehanna reiterated a “positive” rating and issued a $305.00 price objective on shares of Wabtec in a research report on Thursday, April 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Wabtec in a research report on Monday, April 20th. Citigroup upped their price target on shares of Wabtec from $283.00 to $292.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Finally, Wall Street Zen downgraded shares of Wabtec from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Wabtec presently has an average rating of “Moderate Buy” and an average target price of $289.82.

Wabtec Company Profile

Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec’s business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.

Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.