Wabtec Announces Quarterly Dividend of $0.31 (NYSE:WAB)

Wabtec (NYSE:WABGet Free Report) announced a quarterly dividend on Tuesday, May 12th. Stockholders 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) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, May 22nd.

Wabtec has raised its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 4 years. Wabtec has a payout ratio of 12.7% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 0.6%

Shares of Wabtec stock traded down $1.72 during mid-day trading on Wednesday, hitting $267.31. The stock had a trading volume of 284,923 shares, compared to its average volume of 902,110. The firm has a 50-day moving average of $255.58 and a two-hundred day moving average of $234.24. Wabtec has a 12-month low of $184.26 and a 12-month high of $275.84. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.42. The firm has a market cap of $45.36 billion, a P/E ratio of 37.81, a price-to-earnings-growth ratio of 1.92 and a beta of 0.97.

Wabtec (NYSE:WABGet Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.09. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the prior year, the company posted $2.28 EPS. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Sell-side analysts forecast that Wabtec will post 10.61 earnings per share for the current year.

Wabtec announced that its board has authorized a stock repurchase plan on Wednesday, February 11th that permits the company to repurchase $1.20 billion in shares. This repurchase authorization permits the transportation company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

About Wabtec

(Get Free Report)

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.

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Dividend History for Wabtec (NYSE:WAB)

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