Wabtec (NYSE:WAB) Posts Earnings Results, Beats Estimates By $0.09 EPS

Key Points

• Wabtec reported earnings of $2.27 per share, exceeding analysts' estimates of $2.18 by $0.09, while its revenue for the quarter totaled $2.71 billion, slightly below expected $2.76 billion.
• The company has updated its fiscal year 2025 earnings guidance to a range of $8.550 to $9.150 per share.
• Wabtec declared a quarterly dividend of $0.25, reflecting an annualized dividend yield of 0.51%, with an ex-dividend date set for August 14th.

Wabtec (NYSE:WAB - Get Free Report) issued its quarterly earnings results on Thursday. The transportation company reported $2.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.18 by $0.09, Zacks reports. Wabtec had a net margin of 10.92% and a return on equity of 13.65%. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the business posted $1.96 earnings per share. The business's revenue was up 2.3% compared to the same quarter last year. Wabtec updated its FY 2025 guidance to 8.550-9.150 EPS.

Wabtec Price Performance

Wabtec stock traded down $3.47 during trading hours on Friday, hitting $197.23. The stock had a trading volume of 1,993,901 shares, compared to its average volume of 945,009. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.76 and a quick ratio of 0.73. The stock has a market capitalization of $33.75 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 1.43 and a beta of 1.12. Wabtec has a 1-year low of $147.66 and a 1-year high of $216.10. The stock's fifty day moving average is $206.16 and its two-hundred day moving average is $194.24.

Wabtec Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Thursday, August 14th. Wabtec's dividend payout ratio is currently 14.93%.

Wall Street Analysts Forecast Growth

WAB has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Wabtec from $175.00 to $194.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Bank of America upped their price objective on Wabtec from $231.00 to $236.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $201.00 price objective (up previously from $175.00) on shares of Wabtec in a report on Wednesday, April 23rd. KeyCorp reaffirmed an "overweight" rating and set a $240.00 price objective (up previously from $220.00) on shares of Wabtec in a report on Tuesday, June 24th. Finally, Wall Street Zen raised shares of Wabtec from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Wabtec currently has an average rating of "Moderate Buy" and a consensus target price of $221.00.

Insider Buying and Selling

In other news, EVP Gina Trombley sold 4,299 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $202.00, for a total value of $868,398.00. Following the sale, the executive vice president directly owned 13,696 shares in the company, valued at $2,766,592. This represents a 23.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rafael Santana sold 886 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $213.35, for a total value of $189,028.10. Following the sale, the chief executive officer owned 141,186 shares in the company, valued at approximately $30,122,033.10. This trade represents a 0.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,474 shares of company stock valued at $19,283,505 in the last three months. 1.10% of the stock is owned by insiders.

About Wabtec

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.