Wabtec (WAB) to Issue Quarterly Dividend of $0.31 on September 1st

Wabtec (NYSE:WAB) announced a quarterly dividend on Wednesday, July 15th. Shareholders of record on Tuesday, August 18th will be paid a dividend of 0.31 per share by the transportation company on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, August 18th.

Wabtec has increased its dividend payment by an average of 0.2%annually over the last three years and has increased 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. Equities analysts expect Wabtec to earn $12.43 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 10.0%.

Wabtec Price Performance

Wabtec stock opened at $299.40 on Friday. Wabtec has a 52 week low of $184.26 and a 52 week high of $306.64. The company’s 50 day moving average price is $276.79 and its two-hundred day moving average price is $262.52. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The stock has a market cap of $50.57 billion, a P/E ratio of 40.24, a P/E/G ratio of 2.03 and a beta of 0.93.

Wabtec (NYSE:WAB) last announced its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.60 by $0.16. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.The company’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.27 EPS. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. On average, equities analysts predict that Wabtec will post 10.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WAB shares. JPMorgan Chase & Co. boosted their price objective on Wabtec from $300.00 to $315.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Susquehanna lifted their price objective on shares of Wabtec from $305.00 to $340.00 and gave the stock a “positive” rating in a research report on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Wabtec in a research note on Friday, July 17th. Wells Fargo & Company upped their price objective on Wabtec from $284.00 to $315.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Finally, Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Wabtec currently has an average rating of “Moderate Buy” and a consensus target price of $313.36.

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.