Wabtec (NYSE:WAB) Posts Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Wabtec (NYSE:WAB) issued its earnings results on Wednesday. The transportation company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.60 by $0.16, FiscalAI reports. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.07 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%. Wabtec updated its FY 2026 guidance to 10.600-10.900 EPS.

Wabtec Stock Up 1.8%

Shares of NYSE:WAB opened at $262.43 on Wednesday. Wabtec has a 1-year low of $184.26 and a 1-year high of $284.91. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54. The stock has a market cap of $44.53 billion, a P/E ratio of 37.12, a P/E/G ratio of 1.84 and a beta of 0.94. The firm has a fifty day moving average price of $263.96 and a 200 day moving average price of $253.72.

Wabtec Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be paid a dividend of $0.31 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. Wabtec’s dividend payout ratio is currently 17.54%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Citigroup cut their price objective on shares of Wabtec from $313.00 to $311.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Susquehanna reiterated a “positive” rating and set a $305.00 price target on shares of Wabtec in a research note on Thursday, April 23rd. Wells Fargo & Company upped their price objective on shares of Wabtec from $270.00 to $284.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Stephens raised Wabtec to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $290.00 target price (down from $300.00) on shares of Wabtec in a research report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $293.36.

Insiders Place Their Bets

In other news, insider Sameer Gaur sold 1,082 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $263.50, for a total value of $285,107.00. Following the completion of the sale, the insider directly owned 11,985 shares of the company’s stock, valued at approximately $3,158,047.50. This represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rafael Santana sold 1,163 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $261.06, for a total transaction of $303,612.78. Following the sale, the chief executive officer owned 124,077 shares of the company’s stock, valued at $32,391,541.62. This trade represents a 0.93% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 5,734 shares of company stock worth $1,504,571. 0.57% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Manchester Capital Management LLC raised its stake in shares of Wabtec by 122.0% during the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after purchasing an additional 72 shares during the last quarter. McMillan Office Inc. purchased a new position in Wabtec in the 4th quarter valued at $31,000. DV Equities LLC acquired a new position in Wabtec in the 4th quarter valued at $51,000. Johnson Financial Group Inc. purchased a new position in Wabtec during the 3rd quarter worth $62,000. Finally, Larson Financial Group LLC lifted its stake in shares of Wabtec by 23.6% in the 3rd quarter. Larson Financial Group LLC now owns 377 shares of the transportation company’s stock worth $76,000 after acquiring an additional 72 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

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.